Building Bridges Week
Date: 7 October 2019
14:00 - 18:00
Location: Room XII
Join us for two panel sessions on
the future of finance for sustainable development
This event organized at the Palais des Nations is taking place as part of the
running 7-11 October in Geneva, which fosters new conversations and collaborations aimed at accelerating the finance industry’s contribution to the achievement of the Sustainable Development Goals.
Panel #1: 14:00-15:30
Crowding in Domestic Investors into Financing Sustainable Development led by the International Institute for Sustainable Development
Domestic investors play a crucial role in financing sustainable development. All countries have pools of institutional capital, including pension funds, provident funds, insurance companies and state-owned corporations. With careful design, these pools of capital can be tapped for financing projects that can help achieve sustainable development objectives.
Domestic investors are patient financiers who have long-term and highly vested interests in their countries’ needs. They are familiar with governance and political risks and understand domestic market dynamics. They will also invest in local currencies, which eliminates the need for expensive hedging solutions. Most importantly, working with domestic investors provides the impetus for deepening domestic financial markets and improving the investment environment for foreign investors. Many foreign investors are also likely to be more comfortable investing alongside their domestic counterparts.
The event will examine the necessary conditions to crowd in domestic investors to finance sustainable infrastructure. We will also discuss IISD’s ongoing study on how leaders in Malaysia successfully crowded in large pools of domestic capital for financing public infrastructure.
- Oshani Perera, International Institute for Sustainable Development
- Jos Verbeek, World Bank
- Charulata Singal, United Nations Capital Development Fund
Panel #2: 15:30-17:00
Bridging the Gap - Missing Middle Financing for SMEs in Frontier Markets led by the United Nations Capital Development Fund
Small and medium enterprises (SMEs) — many led by women — in frontier markets are chronically unable to secure startup or growth capital from local banks. Yet, local SMEs are engines of growth that can create jobs, build dynamic economies, and provide a path out of poverty for millions.
Leaders from the impact investment and economic development space will share ideas and experiences on how to bridge this SME funding gap to advance verifiable development impact in frontier markets.
- Anders Berlin, United Nations Capital Development Fund
- Jean-Philippe de Schrevel, Bamboo Capital Partners
The panels will be followed by a cocktail provided by UNCDF