Islamic Development Bank President Calls On Other Banks To Increase Development Finance, Mobilize Private Sector To Achieve SDGs
Public Finance International: Reform development approach, banks told
“Multilateral banks need a ‘dramatic’ overhaul of strategies to achieve global goals by 2030, warns the head of the Islamic Development Bank. Bandar Hajjar, president of the Islamic bank, estimates there is a $200 trillion finance gap between available government budgets and funds needed to meet the Sustainable Development Goals. … The IsDB is calling on other development banks to act as catalysts in order to boost development finance from the private sector” (Rensch, 1/31).