This final report identifies the investment requirements to achieve the Sustainable Development Goals (SDGs) in developing countries. The $2.5-4.2 trillion per annum SDG funding gap is well beyond aggregate Official Development Finance resources but i...
This final report identifies the investment requirements to achieve the Sustainable Development Goals (SDGs) in developing countries. The $2.5-4.2 trillion per annum SDG funding gap is well beyond aggregate Official Development Finance resources but is not large relative to $379 trillion of global financial assets controlled by the private sector. Only 4% of global financial assets are invested in developing countries (excluding China). The only way to achieve the SDGs is to create market-equivalent risk-return investment assets that will mobilize a material portion of global financial assets to invest in developing countries. Over the past decade, blended finance has demonstrated the capacity to achieve strong development impact and mobilize investment. However, blended finance is yet to mobilize capital at scale. With only nine years left to 2030, and an increasing SDG funding gap, the development community and the Korean Ministry of Foreign Affairs (MFA) are encouraged to take a strategic decision to re-think and re-purpose official development finance to mobilize private investment to developing countries.