How to Harness Local Investors in Emerging Markets
There is a significant gap in financing sustainable development in emerging economies to meet the climate commitments under the Paris Agreement and to fulfill the Sustainable Development Goals (SDGs). The Organization for Economic Co-operation and Development (OECD) estimates that more than US$4 trillion of financing is needed annually. While much of the capital required will come from OECD-country sources, which hold 80% of worldwide financial assets, there is an untapped pool of local investments to be drawn on. This paper offers three practical directions for policymakers in order to make the promise of local investors contributing to sustainable development a reality. While this level of focus will require concerted effort to implement, it increases the opportunity for local investors to play a crucial role in closing the financing gap.
| Main Authors: | , , |
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| Format: | Report biblioteca |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2024-05-02
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| Subjects: | DECENT WORK AND ECONOMIC GROWTH, SDG 8, SUSTAINABLE DEVELOPMENT GOALS, FINANCE AND GROWTH, INVESTMENTS, PEACE, JUSTICE AND STRONG INSTITUTIONS, SDG 16, STRONG GOVERNANCE, PENSION FUNDS, |
| Online Access: | http://documents.worldbank.org/curated/en/099431405012442486/IDU1ed371e1719cc414ea91be4714f9ae08bc75d https://hdl.handle.net/10986/41487 |
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