Sustainable Development Investment Partnership

The Sustainable Development Investment Partnership (SDIP) is a partnership whose aim is to support to financing the Sustainable Development Goals (SDGs) set out by the United Nations. The SDIP brings together public, private and philanthropic entities—from both developed and developing countries—that share an ambition to scale up sustainable infrastructure investments in developing countries.[1] The 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 42. The World Economic Forum and OECD were founding partners and provide institutional support.[3]

Sustainable Development Investment Partnership

The SDIP was set up to help coordinate finance as members recognised the space was often uncoordinated. According to the SDIP the aim is to adopt a practical approach and deliver scale, speed, transaction efficiency and risk mitigation. Their public 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.

The SDIP uses blended finance by creating a platform where public and private entities can interact by co-investing and coordinating on 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 42 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 seeking to providing resources to support the various activities of the partnership. Some members include:

  1. Agence française de développement (AFD)
  2. Bill & Melinda Gates Foundation
  3. Government of Canada
  4. Citigroup
  5. Government of Denmark
  6. Development Bank of South Africa (DBSA)
  7. Deutsche Bank
  8. East Capital[6]
  9. European Investment Bank (EIB)
  10. European Bank for Reconstruction and Development (EBRD)
  11. FMO[7]
  12. HSBC
  13. Inter-American Development Bank (IDB)
  14. Industrial Development Corporation (IDC)[8]
  15. International Finance Corporation (IFC)
  16. The Investment Fund for Developing Countries (IFU)[9]
  17. Japan International Cooperation Agency (JICA)
  18. Meridiam
  19. Multilateral Investment Guarantee Agency (MIGA)
  20. Government of the Netherlands
  21. Government of Norway
  22. Pension Danmark[10]
  23. Pensionskassernes Administration (PKA)[11]
  24. The Sovereign Fund for Strategic Investment (FONSIS)[12]
  25. Standard Chartered
  26. Storebrand
  27. Sumitomo Mitsui Banking Corporation (SMBC)[13]
  28. Government of Sweden
  29. Government of the United Kingdom
  30. United States Agency for International Development (USAID)

Africa and ASEAN hubs

Because of the focus on bridging the funding gap towards the SDGs, 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 across the continent.[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]

An ASEAN hub was also launched in 2017.[16]

See also

References
  1. "SDIP Brochure" (PDF). Sdiponline.org. Retrieved 12 May 2016.
  2. "New Partnership to Catalyse Sustainable Development Investments for Developing Countries - Press releases | World Economic Forum". Weforum.org. Retrieved 12 May 2016.
  3. "Sustainable Development Investment Partnership". OECD. 16 July 2015. Retrieved 12 May 2016.
  4. "Third International Conference on Financing for Development". UN.org. 24 January 2013. Retrieved 12 May 2016.
  5. Agency, African News (11 May 2016). "Special Africa Hub will help deliver multibillion-dollar infrastructure projects". EngineeringNews.co.za. Retrieved 6 September 2017.
  6. "Specialist in emerging and frontier markets - East Capital". www.EastCapital.com. Retrieved 6 September 2017.
  7. "Home - FMO". www.FMO.nl. Retrieved 6 September 2017.
  8. "Home - Industrial Development Corporation". www.IDC.co.za. Retrieved 6 September 2017.
  9. "IFU – Investeringsfonden for udviklingslande". www.IFU.dk. Retrieved 6 September 2017.
  10. "Medlem". Pension Danmark medlemsportal. Retrieved 6 September 2017.
  11. "pka.dk". www.PKA.dk. Retrieved 6 September 2017.
  12. "FONSIS S.A. - Fonds Souverain d'Investissements Stratégiques, Dakar - Sénégal". www.Fonsis.org. Retrieved 6 September 2017.
  13. "Sumitomo Mitsui Banking Corporation - Global". www.SMBCGroup.com. Retrieved 6 September 2017.
  14. "Ramaphosa talks up NDP - African news network 7". ANN7.com. Retrieved 6 September 2017.
  15. "Sustainable Development Investment Partnership to Boost Africa's Infrastructure". World Economic Forum. Retrieved 6 September 2017.
  16. "SDIP Regional Hubs". SDIP. Retrieved 2022-09-14.
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