The 2023 SDG Global Business Forum, held during the High-Level Political Forum on Sustainable Development, emphasized the importance of cross-sector collaboration in mobilizing private finance for sustainable development.
Shari Spiegel, Acting Director of the Financing for Sustainable Development Office at UN DESA, moderated the session "Fireside Chat: Scaling up financing for the SDGs" between H.E. Mathu Joyini, the Permanent Representative of South Africa to the UN, and GISD Representative Gavin Power, Chief of Sustainable Development and International Affairs at PIMCO.
With the global community facing crisis after crisis in recent years, Gavin Power called for stronger private sector engagement amidst the reduced ability of governments to increase investments for the SDGs. One solution discussed was investors pooling together to co-invest in developing countries. GISD's Sustainable Infrastructure Investment Platform (SIIP) and sovereign SDG bonds were provided as examples of innovative instruments that contribute to scaling up financing for development.