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.
Breakthrough Alliance on Technology and Media
A new alliance of the United Nations development system with the private sector. A Silicon Valley / Hollywood: Tech & Media Funders Breakthrough Alliance of the Joint Sustainable Development Goals Fund builds capacity for the SDGs with public and private sector support in areas including science and technology, transportation, urban planning, oceans, climate ed tech, climate equity, energy systems, and clean water, with the deep spirit of inclusion.