The world is facing the enormous challenges of achieving the Sustainable Development Goals (SDGs) and acting on the climate crisis with urgency and at scale. Emerging markets and developing countries (EMDC’s) need your climate investment statesmanship now more than ever. To succeed, investment and finance must increase everywhere, but especially in emerging markets and developing economies (EMDC’s). We are well aware of and grateful for, the special role and responsibility of your institutions in this context.
MDBs crucially have the potential to mobilize private finance at more competitive pricing and investment at levels many times higher than in the past. Only with your support and your institutions working collaboratively not competitively, will we achieve the scale of private capital mobilization that is required to ‘close the SDG and climate financing gap’. Time is running out.
