Financial Solutions for SDGs Launched

2019 ias preliminary exam test series

New platform for scaling up innovative finance solutions to support the achievement of the Sustainable Development Goals (SDGs) by 2030 was launched.

The initiative can help in identifying and piloting innovative finance instruments that can drive investment and support well thought-out SDG interventions.

The proposed multi-stakeholder Financial Innovation Platform would support the identification and piloting of innovative finance instruments, and would engage key development actors, including Governments, civil society, philanthropic organizations, entrepreneurs, institutional investors, banks, project developers and development finance institutions.

Background:

The concept of a new multi-stakeholder forum to help finance progress on the Goals emerged following the 2015 Financing for Development Conference that took place in Addis Ababa, Ethiopia.

At that Conference, world leaders called for creative and innovative solutions by the private sector to scale-up investments in activities that contribute to the sustainable development.

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