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Leveraging private finance for sustainable development

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  • Vatcharin Sirimaneetham

    (Macroeconomic Policy and Financing for Development Division, United Nations Economic and Social Commission for Asia and the Pacific)

Abstract

Achieving the Sustainable Development Goals (SDGs) will require a substantial increase in financial investments. For all developing countries worldwide, it is estimated that investment requirements to achieve SDGs would need to increase by $2.5 trillion per year during the period 2015-2030, based on the annual investment needs of about $3.9 trillion and current spending at $1.4 trillion. Studies that are focused only on infrastructure also suggest that the amount of required financial investments far exceeds the prevailing trends. For example, the infrastructure investment needs in a group of 26 Asia-Pacific least developed countries, landlocked developing countries and small island developing States are estimated at 10.5 per cent of GDP on average per year during the period 2016-2030, which exceeds their current infrastructure spending trend of 4-7.5 per cent of GDP.

Suggested Citation

  • Vatcharin Sirimaneetham, 2018. "Leveraging private finance for sustainable development," MPDD Policy Briefs PB71, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    • Handle: RePEc:unt:pbmpdd:pb71
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