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Speakers at Seville conference urge use of public funds to unlock private finance for SDGs
Summary
A presenter at an international development meeting in Seville urged using public development banks and regulatory reform to mobilize private investment and close a stated $4 trillion sustainable development financing gap, citing recent drops in infrastructure investment and foreign direct investment.
Speaker 2, presenter, told attendees in Seville that “Development is everyone's business. And the private sector is an essential partner in helping countries climb the development ladder and achieve the sustainable development goals.”
The presenter said the world faces a $4,000,000,000,000 financing shortfall to meet the Sustainable Development Goals and described declines in capital flowing to developing countries: “Last year, investments in infrastructure in developing countries dropped by 35%, including in key sectors like renewable…
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