Back

Collaboration and ESG language to unlock funding for sustainable infrastructure projects

September 5, 2023
Related topics: 
Economy

Developing countries face many challenges in mobilising private sector investment for sustainable infrastructure projects. Solutions include international cooperation and common environmental, social and governance (ESG) taxonomies. To close the climate finance gap, we need additional private investment especially in low- and middle-income countries.

To serve this purpose, Multilateral development banks (MDBs) are encouraged to expand their support for sustainable infrastructure projects and increase their risk appetite. Furthermore, collaboration among G20 public development banks (PDBs) is encouraged to leverage their strengths and promote transformative impact.

A common ESG language will also help standardise assessments of sustainable investments, reduce greenwashing and attract specialised capital. The G20 is called upon to strengthen institutional networks among developing countries, to strengthen the PDBs, and to create a universal ESG taxonomy for sustainable finance.

Ultimately, the recommendations in this paper aim to contribute to a more sustainable global economy by fostering cooperation, reducing investment risks, and accelerating the flow of funds to sustainable infrastructure projects.

Speakers
Sabrine Emran
Economist
Sabrine Emran is a Finance graduate specializing in financial markets and commodities. She holds a Grande Ecole master’s degree in Management from IESEG School of Management and ISCAE Group, as well as a Specialized master’s degree in Financial Markets from Paris Dauphine University and ENSAE ParisTech. Sabrine Emran started her career in investment writing and product development in the asset management branches of insurance companies and investment banks in Paris, working mainly on alternative investment asset classes. She was also recently a commodities analyst, focusing on risk management strategies for energy and agricultural commodities as well as foreign exchange risks. Sabrine Emran joined the Policy Center for the New south in September 2022 as an economist where she ...

RELATED CONTENT

  • Towards One Goal - Will World Cup Bids "Kick Off' Regional Co-Development?
    Authors
    Hala Boumaiz
    April 7, 2023
    In an attempt to bring the World Cup back to Europe and Africa, Morocco has joined Spain and Portugal in a three-way bid to host the 2030 FIFA World Cup. While there are still talks of Ukraine remaining in the bid, the three confirmed countries are hoping to score big with major economic, cultural, and political benefits. Although not as large as the Olympics in terms of logistics, the FIFA World Cup is one of the most prestigious and watched sporting events in the world. Early figu ...
  • Commémoration de la journée internationale des droits de la femme (PARTIE 2)
    April 7, 2023
    Le Policy Center for the New South, la Faculté de Gouvernance, des Sciences Économiques et Sociales (FGSES), l’Association Démocratique des Femmes du Maroc et le Réseau Marocain des Femmes Médiatrices organisent conjointement une série d’activités pour commémorer la Journée internationa...
  • Views on the Evolution of Moroccan Public Debt Sustainability
    Authors
    Youssef El Jai
    April 5, 2023
    The Policy Center for the New South and the Economic Research Forum held on March 20 a workshop titled ‘Stabilization and adjustment towards inclusive and sustainable policies in MENA: The Moroccan case study’. The event took place at the PCNS headquarters in Rabat, Morocco. It brought together renowned Moroccan economists and scholars to discuss the issue of public debt sustainability in the context of the Moroccan economy. It was an occasion to revisit the main features of the Mor ...
  • Download PDF
    Central Bank digital currencies: where do we stand? Where are we going?
    Authors
    Christian de Boissieu
    April 4, 2023
    Faced with the rise of cryptocurrencies, central banks are responding by launching their digital currencies. The purpose of this Policy Brief is to provide an update on the preparation of central bank digital currencies (CBDs) by monetary authorities, a process that concerns all emerging, developing, and more advanced countries. It is also about analyzing the conditions and some of the consequences (for banks, for financial inclusion, for the conduct of monetary policy...) of such a ...
  • The global economy faces a lost decade
    Authors
    Otaviano Canuto
    April 4, 2023
    In 2010, when I was one of the vice presidents at the World Bank, colleagues I and published a very upbeat book  about the possibility of emerging and developing economies replacing advanced countries as engines of global economic growth. While the latter would be grappling with the aftermath of the global financial crisis, the former, already growing at a faster pace in the previous decade and accounting for more than half of the annual increases in global GDP, had largely shown an ...
  • Download PDF
    Les monnaies numériques des banques centrales : où en est-on ? Où va-t-on ?
    Authors
    Christian de Boissieu
    April 4, 2023
    Face à l’essor des cryptomonnaies, les banques centrales sont en train de réagir en lançant leurs propres monnaies numériques. L’objet de ce Policy Brief est de faire le point sur la préparation des monnaies numériques de banques centrales (MNBC) par les autorités monétaires, un processus qui concerne tous les pays, émergents, en développement, et plus avancés. Il s’agit aussi d’analyser les conditions et certaines des conséquences (pour les banques, pour l’inclusion fin ...
  • Accelerating MDB Reform to Address Today’s Global Challenges
    Authors
    Masood Ahmed
    Karim El Aynaoui
    April 3, 2023
    This blog was originally published on Center for Global Development (CGD)   To better respond to today’s global crises, the MDBs must transform themselves. The MDB Reform Accelerator is mobilizing the evidence-based analysis and strategic outreach needed to ensure MDB reform delivers real results for development, climate, and other global challenges.  The world has changed since the creation of the International Monetary Fund and the World Bank—the world’s first international fin ...
  • Download PDF
    Les investissements chinois en afrique : des investissements pluriels
    Authors
    Henri-Louis Vedie
    March 31, 2023
    L’Afrique est plurielle, comme le sont les investissements chinois sur son continent. Cette étude montre que, contrairement à ce que l’on mettait en avant durant la décennie 2010, ces investissements ne se limitent pas à l’exploitation du sous-sol africain. Les opérateurs chinois, privilégiant le long terme, se montrent le plus souvent patients et discrets, ne ciblant pas les seuls investissements miniers. Concernant les secteurs principalement bénéficiaires de ces investissements, ...