Scaling up Finance for the Sustainable Development Goals

Scaling up Finance for the Sustainable Development Goals The world currently faces the critical challenge of scaling up development finance, an indispensable requirement for the realization of the SDGs. Multilateral development banks (MDBs) can serve as effective institutional mechanisms to help finance the SDGs. This possibility is due to their clear mandate to support development-oriented programs, in-house expertise and track record on identification, development,…

Africa’s Infrastructure Landscape to Change As Islamic Development Bank Joins Forces With China-Led AIIB Partnership

   Bandar Hajjar, IDB president: ‘We will co-finance many projects [with AIIB] in the future. Africa needs . . . about $150bn a year to finance infrastructure’    The largest development organisation in the Muslim world, the Islamic Development Bank, is set to ramp up its fundraising activities and form a partnership with the China-led Asian Infrastructure Investment Bank…