Sustainable Development Investment Partnership
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The Sustainable Development Investment Partnership (SDIP) is a partnership whose purpose is to contribute to financing the Sustainable Development Goals (SDGs) set forth by the United Nations. SDIP brings together public and private entities—from both developed and developing countries—that share an ambition to scale up sustainable infrastructure investments in developing countries.[1] SDIP was launched at the United Nations Conference on Financing for Development in Addis Ababa in July 2015[2] with 20 founding members, which has since expanded to 30. The World Economic Forum and OECD provide institutional support to the partnership.[3]
The SDIP was set up because its members believe the world of development finance is often crowded and uncoordinated. According to the SDIP the aim is to adopt a practical approach and deliver scale, speed, transaction efficiency and risk mitigation. Their own goal is to achieve 100 billion dollars per year of additional finance over five years.[4] SDIP supports inclusive growth and poverty alleviation through investments in areas such as water and sanitation systems, transportation, clean energy, agriculture, health, telecommunications and climate adaptation.
SDIP uses blended finance by creating a platform where public and private entities can interact by co-investing and coordinating on a pipeline of specific projects. In order to mobilize private sector investment, members of the partnership collaborate to review practical experience in individual investment projects with a view toward scaling up existing initiatives, sharing existing knowledge, tools and new approaches to financing.
SDIP's inaugural meeting took place in Geneva, Switzerland on 15 September 2015.
Membership[]
SDIP has 30 members.[5] The partnership is open to governments, local and global private banks, institutional investors and other public and private financiers, development finance institutions and bilateral and multilateral development banks and other organizations committed to providing substantial energy and resources to support the various activities of the partnership.
- Agence française de développement (AFD)
- Bill & Melinda Gates Foundation
- Government of Canada
- Citigroup
- Government of Denmark
- Development Bank of South Africa (DBSA)
- Deutsche Bank
- East Capital[6]
- European Investment Bank (EIB)
- European Bank for Reconstruction and Development (EBRD)
- FMO[7]
- HSBC
- Inter-American Development Bank (IDB)
- Industrial Development Corporation (IDC)[8]
- International Finance Corporation (IFC)
- The Investment Fund for Developing Countries (IFU)[9]
- Japan International Cooperation Agency (JICA)
- Meridiam
- Multilateral Investment Guarantee Agency (MIGA)
- Government of the Netherlands
- Government of Norway
- Pension Danmark[10]
- Pensionskassernes Administration (PKA)[11]
- The Sovereign Fund for Strategic Investment (FONSIS)[12]
- Standard Chartered
- Storebrand
- Sumitomo Mitsui Banking Corporation (SMBC)[13]
- Government of Sweden
- Government of the United Kingdom
- United States Agency for International Development (USAID)
Africa hub[]
The SDIP was founded to help bridge the huge funding gap towards the SDGs; thus a large share of the projects are located in Sub-Saharan Africa. Of the $30 billion projects SDIP is facilitating worldwide, over $20 billion are located in Africa.[5] Consequently, the partnership has dedicated an African hub[14] within which the partnership is looking to build local capacity and ease the exchange of best practices across its network of institutions.[15]
See also[]
References[]
- ^ "SDIP Brochure" (PDF). Sdiponline.org. Retrieved 12 May 2016.
- ^ "New Partnership to Catalyse Sustainable Development Investments for Developing Countries - Press releases | World Economic Forum". Weforum.org. Retrieved 12 May 2016.
- ^ "Sustainable Development Investment Partnership". OECD. 16 July 2015. Retrieved 12 May 2016.
- ^ "Third International Conference on Financing for Development". UN.org. 24 January 2013. Retrieved 12 May 2016.
- ^ a b Agency, African News (11 May 2016). "Special Africa Hub will help deliver multibillion-dollar infrastructure projects". EngineeringNews.co.za. Retrieved 6 September 2017.
- ^ "Specialist in emerging and frontier markets - East Capital". www.EastCapital.com. Retrieved 6 September 2017.
- ^ "Home - FMO". www.FMO.nl. Retrieved 6 September 2017.
- ^ "Home - Industrial Development Corporation". www.IDC.co.za. Retrieved 6 September 2017.
- ^ "IFU – Investeringsfonden for udviklingslande". www.IFU.dk. Retrieved 6 September 2017.
- ^ "Medlem". Pension Danmark medlemsportal. Retrieved 6 September 2017.
- ^ "pka.dk". www.PKA.dk. Retrieved 6 September 2017.
- ^ "FONSIS S.A. - Fonds Souverain d'Investissements Stratégiques, Dakar - Sénégal". www.Fonsis.org. Retrieved 6 September 2017.
- ^ "Sumitomo Mitsui Banking Corporation - Global". www.SMBCGroup.com. Retrieved 6 September 2017.
- ^ "Ramaphosa talks up NDP - African news network 7". ANN7.com. Retrieved 6 September 2017.
- ^ "Sustainable Development Investment Partnership to Boost Africa's Infrastructure". World Economic Forum. Retrieved 6 September 2017.
- Sustainability organizations