GI Hub joins global call to action to increase private investment to fight climate change and deliver on SDGs

This week, the GI Hub joined nine other global organisations in issuing a call to action to heads of state, policymakers, and multilateral development bank (MDB) officials to scale up private investment in emerging markets and developing countries (EMDCs) to fight climate change and deliver on Sustainable Development Goals (SDGs).

Although the group welcomes the recent work of MDBs, as they endeavor to evolve their institutions to ensure they are fit for purpose, it recognises that more holistic and effective approaches are still needed to harness the potential scale of private finance to close the huge climate and SDG financing gaps.

The group has identified three key impediments to investment – inadequate project pipelines, risks that are too high
relative to returns, and data limitations. To address these impediments the group has put forward a series of recommendations to improve bankable deal flow; address longstanding risks and investment barriers; ensure additionality of MDB financing; and to improve data transparency and risk assessments.

The time is ripe for us to come together, both sides – public and private. We must leverage the momentum we are seeing off the back of proposed MDB reforms and pool together our resources and knowledge to scale investments, mitigate risks, and enhance transparency and data availability to support targeted investment. Concrete recommendations and collective action from both sides are essential, and this call to action aims to achieve precisely that.- Henri Blas, Chief Content Officer, Global Infrastructure Hub

The group is primarily made up of global financial institutions and consists of many of the GI Hub’s long-term partners – Africa Investor, Convergence, Glasgow Financial Alliance for Net Zero (GFANZ), Global Investors for Sustainable Development Alliance (GISD), Institutional Investors Group on Climate Change (IIGCC), Investor Leadership Network (ILN), Sustainable Markets Initiatives (SMI), UN-Convened NZAOA, and UN-Convened NZBA.

Read and download the full call to action and recommendations here.