Financing the Sustainable Development Goals
In 2015 the global community agreed on a set of Sustainable Development Goals to put our planet on an environmentally, socially and economically sustainable trajectory. While the SDGs are an impressive testament to international cooperation, they were not accompanied by a clear plan of how to finance them. A recent study by ETH researchers focuses on multilateral development banks (MDBs), a leading group of finance institutions to channel resources to development goals.
Abstract
In their briefing paper, ETH researchers Dr. Christopher Humphrey and Dr. Fritz Brugger investigate the multilateral development banks (MDBs) in order to inform ongoing discussions on whether MDB shareholder countries should continue to support MDBs, particularly in the context of the capital increases recently agreed for the World Bank and African Development Bank. First, the brief outlines the MDB basic model, which is a powerful mechanism to channel resources to development goals. Second, the brief reviews a few of the debates about how MDBs operate and why countries support them.
- Please find the full briefing paper here (available in English).