Published on November 28, 2023

Catalytic Investment to Leverage Private Capital is the New Wave of Development Finance. The Example of Uruguay´s Renewable Energy Innovation Fund (REIF)

Overseas Development Assistance (ODA) is falling short to realise the 2030 Agenda for Sustainable Development. Despite the fact that ODA rose in real terms to its highest level in 2021 and 2022, it was largely driven by the response of the donor community to the COVID19 pandemic and Russia´s invasion of Ukraine. Prior to these two global crises, the financing gap to achieve the SDGs in developing countries was estimated at US$2.5 trillion.


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