NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, October 11, 2016

Announcing the launch today of a new platform for scaling up innovative finance solutions to support the achievement of the Sustainable Development Goals (SDGs) by 2030, United Nations Secretary-General Ban Ki-moon said the initiative can help in identifying and piloting innovative finance instruments that can drive investment and support well thought-out SDG interventions.

“Financial actors and institutions are already beginning to develop solutions for attracting private capital in support of the 2030 Agenda [for Sustainable Development],” Mr. Ban told a meeting with high-level officials from Ministries of finance and foreign affairs, together with leaders from major global financial institutions at UN Headquarters today.

Titled ‘Financial solutions for the Sustainable Development Goals (SDGs),’ the gathering showcased the initiatives and examples from around the world on how best business and the financial services sector can engage in the SDG process and transform markets.

Mr. Ban said that 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.