The success of development finance should also be measured by the amount of private finance it can catalyze.
Investments in climate-resilient infrastructure should be the centerpiece of the billions of dollars in economic stimulus being used to rebuild Asia’s economies.
We’ll need innovative solutions and new ways of thinking to bridge the financing gap and achieve the Sustainable Development Goals after the pandemic. SDG Accelerator Bonds could be a good start.
Only when green finance is mainstreamed into financing will infrastructure projects be good value for money, as well as good for the environment.