Davos 2016 - Press Conference: How can we finance the Sustainable Development Goals?

TL;DR

Discusses financing the SDGs, emphasizing public-private cooperation.

Transcript

good afternoon everybody and welcome here in the room as well as on the livestream thank you for joining us for this press conference at the annual meeting of the World Economic Forum from Davos the question we want to answer here with this expert panel is how can we finance the sustainable development goals the sustainable development goals are ve... Read More

Key Insights

• ❓ Financing the SDGs requires trillions annually, necessitating innovative models.
• 🌉 Public-private partnerships are crucial in bridging the funding gap for sustainable development.
• 🚨 Initiatives like Convergence aim to facilitate project funding in emerging markets.
• 👨‍💼 Business leaders are urged to adopt a strategic SDG approach for meaningful impact.
• 🍉 Long-term investment strategies are essential for sustainable and inclusive growth.
• 🌐 Global cooperation and mindset shifts are vital to address funding challenges.
• 👨‍💼 Ethical values integration in business objectives is advocated for societal benefits.

Questions & Answers

Q: What initiatives are being taken to fund the Sustainable Development Goals, especially in emerging markets?

Initiatives like Convergence and public-private partnerships aim to bridge the funding gap in emerging markets, leveraging diverse sources to achieve the SDGs.

Q: How is the public sector, particularly in Canada, addressing the challenge of financing the SDGs?

Canada's initiative, Convergence, provides a platform for public-private collaboration to vet and fund projects, emphasizing the importance of private sector involvement in achieving SDGs.

Q: What role do emerging markets, such as South Africa, play in financing the SDGs?

South Africa's finance minister highlights the need for balanced budgeting, tax compliance, and global cooperation to ensure sustainable development and reduce inequality.

Q: How can the private sector be encouraged to engage in SDG financing?

The panel emphasizes the shift towards Purpose-Driven investing, urging businesses to align strategies with SDGs for long-term growth, inclusive development, and social responsibility.

Summary & Key Takeaways

• Discussion on financing the SDGs requiring trillions of dollars annually.

• Initiatives like public-private cooperation and partnerships vital.

• New projects like Convergence aim to facilitate funding for emerging markets.