Multilateral Development Banks and Private Sector Engagement for Sustainable Development
This publication discusses the engagements and initiatives of multilateral development banks (MDBs) and the private sector to attain the 2030 Sustainable Development Goals (SDGs). MDBs play a critical role in supporting efforts to translate the SDGs into meaningful country-level targets, policies, programs, and projects needed to achieve them. They provide direct financing and help “unlock” and catalyze additional public and private resources. MDBs also provide policy advice and technical assistance supporting countries and clients to build domestic capacity and to identify the needed priority investments with internationally recognized standards. The 2030 Agenda reaffirms the role of the private sector in achieving sustainable development and calls on all businesses to be creative and innovative in solving challenges. The private sector embraces SDGs as a business opportunity that can generate market opportunities, open new markets, create up millions of new jobs by 2030.