With the goal of fighting climate change and delivering on the Sustainable Development Goals, ten organizations—representing some of the largest financial institutions—jointly issue a Call to Action to Scale Private Capital Mobilization to heads of state, policymakers and multilateral development bank (MDB) officials.
The Call to Action recognizes three key impediments to significantly increasing private capital mobilization: inadequate project pipelines, risks too high relative to returns, and data limitations.
To overcome these barriers, the Call to Action provides solutions so as to:
- Improve bankable deal flow;
- Address longstanding risks and investment barriers;
- Ensure “additionality” of MDB financing; and
- Improve data transparency and risk assessments.
The full list of organizations that support this Call to Action include: Africa Investor, Convergence, the Glasgow Financial Alliance for Net Zero (GFANZ) Capital Mobilization Workstream, Global Investors for Sustainable Development (GISD) Alliance, Institutional Investors Group on Climate Change (IIGCC), the Investor Leadership Network (ILN), Sustainable Markets Initiative Blended Finance Task Force (SMI), GI Hub Private Sector Advisory Council (GI Hub), the UN-Convened Net-Zero Asset Owner Alliance, and the Net-Zero Banking Alliance.
