When the United Nations sustainable development goals (SDGs) for 2030 were launched in 2015, the call was for private capital to step up where public sector budgets could not – five years on, the heads of financial institutions have now turned that call back to governments. To reach these goals, governments are going to need to do a few things too.
This was recently laid out in the Global Investors for Sustainable Development report. The heads of 30 global financial institutions made 64 specific recommendations calling for greater public sector engagement to support the financing of the SDGs.
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