GISD

Allianz Global Investors (AllianzGI), one of the world’s leading active asset managers with EUR 580 billion in assets under management, announced the first close of the Allianz Credit Emerging Markets (ACE) strategy with total commitments of USD 690 million. The ACE strategy was developed in alignment with the objectives of the Global Investors for Sustainable Development (GISD) Alliance. It draws on dialogue with GISD members to mobilize private capital and advance innovative financing for SDG-aligned sectors in developing countries.

The GISD Alliance has co-signed a joint Call to Action to heads of states, policymakers and multilateral development bank (MDB) officials to scale private capital mobilization.

The Global Investors for Sustainable Development (GISD) Alliance, supported by the United Nations Department of Economic and Social Affairs, together with the Swedish International Development Cooperation Agency (Sida) and the United Nations Foundation, held a side event during the World Bank Group and International Monetary Fund 2023 Spring Meetings on "Enhancing the Role of MDBs in Catalyzing Private Finance and Investment." 

Of the US$3 trillion needed to finance the SDGs, the average annual financing gap for emerging markets is US$2.5 trillion. This will have grown as a result of the Covid pandemic, which also wiped out decades of progress. How can we align the incentives of governments, multilaterals and the private sector to scale investment into sustainable development, to bring about a fairer, safer, more resilient and more prosperous world?