South-South Ideas Paper: The Role of Southern-Based Development Finance Institutions in South-South Cooperation and Mobilization of the Private Sector for Sustainable Development
Item
Título
South-South Ideas Paper: The Role of Southern-Based Development Finance Institutions in South-South Cooperation and Mobilization of the Private Sector for Sustainable Development
Autor
Herrera, Ana Maria Alvarez
Resumo
Addressing the United Nations Sustainable Development Goals requires thorough consideration by governments, public and private institutions, the private sector and other stakeholders. The variance in the level of development of countries from the global South, and the connections between them, calls for robust South-South cooperation modalities and instruments that can deal with innovative financial matters as a complement to traditional development assistance.
In this connection, Southern-led Development Finance Institutions (DFIs) need to play an active role to support emerging economies, developing and least developed countries, particularly by mobilizing the private sector, so that these countries can implement sustainable development agendas adapted to their domestic conditions. Given the heterogeneity of institutions, this paper does not seek to recommend institutional models or region-specific actions. Instead, it highlights issues and examples from which Southern-led financial institutions can draw lessons to strengthen cooperation strategies and initiatives.
In this connection, Southern-led Development Finance Institutions (DFIs) need to play an active role to support emerging economies, developing and least developed countries, particularly by mobilizing the private sector, so that these countries can implement sustainable development agendas adapted to their domestic conditions. Given the heterogeneity of institutions, this paper does not seek to recommend institutional models or region-specific actions. Instead, it highlights issues and examples from which Southern-led financial institutions can draw lessons to strengthen cooperation strategies and initiatives.
Ano
2021