Abstract

Successful delivery of the United Nations Sustainable Development Goals (SDGs) is dependent upon mobilising private sector finance. From a lending perspective, this requires banks to co-invest or otherwise divert more resources to development finance. To provide insights into the effectiveness of this important initiative, this paper reviews key literature across Scopus, Web of Science and Google Scholar using a defined set of keyword searches. Four main themes of future research are identified. First, the international political economy has an influence on the competitive conditions in development finance and these forces need to be explained. Second, the structure of development projects affects the extent to which private sector capital is willing to be mobilised. More insights are needed into how private sector banks can be influenced. Third, the manner in which development banks participate in development projects affects the availability of credit. A greater understanding of their role could unlock greater financing flows. Finally, it is shown that risk appetite and mitigation of development finance affects pricing and credit availability which is another critical component of delivering the SDGs.

摘要

联合国可持续发展目标 (SDG) 的成功实现取决于动员私营部门资金。从贷款的角度来看，这需要银行共同投资或以其他方式将更多资源转移到发展融资上。为了深入了解这一重要举措的有效性，本文使用一组定义的关键字搜索回顾了 Scopus、Web of Science 和 Google Scholar 中的关键文献。确定了未来研究的四个主要主题。首先，国际政治经济对发展金融的竞争条件有影响，这些力量需要解释。其次，开发项目的结构会影响私营部门资本愿意调动的程度。需要更多洞察私营部门银行如何受到影响。第三，开发银行参与开发项目的方式影响信贷的可获得性。更好地了解它们的作用可以开启更大的融资流动。最后，研究表明风险偏好和发展融资的缓解会影响定价和信贷可用性，这是实现可持续发展目标的另一个关键组成部分。