2021-10-17-UNDP-Supporting_Public_Development_Banks_in_their_Commitments_to_Financing_the_Sustainable_Development_Goals_and_Paris_Agreement_16页_6mb

This document outlines UNDP's support for public development banks (PDBs) in aligning financing with the Sustainable Development Goals (SDGs) and the Paris Agreement. It emphasizes the interconnectedness of these agendas, exacerbated by COVID-19, and stresses the need for systemic changes in how public and private finance flow to achieve sustainable development. UNDP's approach includes various initiatives, standards, and partnerships to facilitate this alignment.

Key elements include:

• Strengthening collaboration through tools like the OECD-UNDP Impact Standards for Financing Sustainable Development (IS-FSD), which provides a framework for ensuring financial decisions contribute positively to SDGs and improve transparency.
• Promoting SDG-aligned bonds and investments, as demonstrated by examples such as the New Development Bank's SDG Bond and Indonesia's sovereign SDG Bond.
• Enhancing private finance crowding-in through platforms like the Global Investors for Sustainable Development (GISD) Alliance and the Climate Investment Platform (CIP).
• Fostering national frameworks, such as Integrated National Financing Frameworks (INFFs), to align country-level policies and strategies with sustainable development goals.
• Partnerships with organizations like the G20 Sustainable Finance Working Group and MDBs to address climate risks and promote sustainable finance principles globally.

The document highlights challenges, such as misalignment of existing finance and barriers to sustainable investments, and calls for actions like scaling up INFFs, implementing ESG standards, and developing risk-mitigation strategies. It concludes with opportunities for PDBs to lead in driving transformative finance for SDGs and climate action, ensuring equitable and resilient development pathways, especially with support via initiatives like the UNDP Energy Offer and Derisking Renewable Energy Investment (DREI) Framework.