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As reported in the Earth Negotiations Bulletin, the intergovernmental negotiations included a discussion with the International Financial Institutions.
Mohamed Mohieldin, of the World Bank Group, discussed the paper jointly authored by the World Bank Group, the International Monetary Fund (IMF) and all of the regional development banks, on moving resources “from billions to trillions.”
As reported previously (See: World Bank/IMF Spring Meetings Address Climate Change, FfD and Post-2015 Development Agenda), at the World Bank/IMF Spring Meetings it was stressed that achieving the new development agenda will require huge financial resources in the trillions of dollars. , and that the private sector must play a role in financing. Mohieldin said the needed trillions for implementing the SDGs must comprise “more than money,” that will be found in investments, public and private, national and global, and capital and capacity...
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