The paper examines the emergence of a new landscape of international development finance that is blurring traditional boundaries between public and private resources for meeting the Sustainable Development Goals (SDGs) and other global public goods (GPGs). In the SDG financing ecosystem, private actors are no longer passive bystanders in the development process but as active contributors to and investors in development projects and programmes. The paper argues that the emerging ‘private turn’ in the architecture of development finance represents a technology of governance that is rooted in the assemblage of international development policy and practice. This regime constitutes an emerging complex and often problematic framework of organising and managing countries’ access to external finance and establishing their terms of engagement with the broader global economy.

本文探讨了国际发展融资新格局的出现，该格局模糊了实现可持续发展目标（SDG）和其他全球公益（GPG）的公共和私人资源之间的传统界限。在可持续发展目标融资生态系统中，私人参与者在发展过程中不再是被动的旁观者，而是对发展项目和计划的积极贡献者和投资者。该论文认为，发展金融架构中正在出现的“私人转向”代表了一种根植于国际发展政策和实践相结合的治理技术。