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Sustainable Development Goals; SDGs; national development banks

Steps to increase cooperation between national development banks, the private sector and multilateral banks

Ceyla Pazarbasioglu's picture



The program of events at the just concluded 2017 World Bank-IMF Annual Meetings was rich, and covered a range of topics instrumental to the World Bank Group’s work.

However, the event closest to my heart was on the role national development banks (NDBs) can play to close the staggering financing gap needed to reach the Sustainable Development Goals, nicknamed going “from billions to trillions” of dollars.

Since the SDGs were announced, the international development community has been looking at ways to tap into new funding venues, attract the private sector and build relevant private-public sector partnerships.

National development banks are important: they are key in attracting and mobilizing private sector funding.