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The $3 Trillion Annual Funding Gap: Financing the World’s New Sustainable Development Goals
The level of commitment, creativity
and innovation from both the private
and public sectors necessary to fill
the global development financial
gap is unprecedented.
The $3 Trillion
Annual Funding Gap:
Financing the World’s
New Sustainable
Development Goals
The annual funding needs for the world’s recently
announced development targets are estimated to be
$4.5 Trillion. Global policy makers are concerned that
only $1.5 Trillion of that funding is the currently visible.
This leaves a funding gap of $3 Trillion per year; that is
3% of global GDP or a staggering $45 Trillion over the
15-year span of the target program.
The level of commitment, creativity and innovation from both the private and public sectors
necessary to fill the global development financial gap is unprecedented. It will require a paradigm
shift in development finance of historic proportion. Capital markets represent one of the most
powerful tools in the developmental funding toolbox and give hope that the developmental financial
hole can be filled.
1
The 2015 Sustainable Development Goals
This September, during the United Nations (UN) General Assembly, the world laid to rest the UN
Millennium Development Goals (MDGs), which were established in 2000, and launched a new set of
more ambitious objectives — the Sustainable Development Goals (SDGs). These goals will shape the
global development agenda for the next 15 years and set concrete milestones to tackle the plight of
the world’s most impoverished people and improve the sustainability of our planet.
Jay Collins
Vice Chairman,
Corporate and
Investment Banking,
Citi
1
World Economic Forum, “Blended Finance Vol. 1”