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Mustering the private sector for development and climate in the Global South. Is it realistic? WP323

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  • Philippe Le Houérou

    (AFD - Agence française de développement, FERDI - Fondation pour les Etudes et Recherches sur le Développement International)

  • Hans Peter Lankes

    (Grantham Research Institute on Climate Change and the Environment - LSE - London School of Economics and Political Science)

Abstract

The 2015 Addis Ababa "Billions to Trillions" initiative called for stepped-up private sector investments and financial flows in developing countries. But instead of closing, the "trillion" dollar gap between development and climate needs, and the actual flows continues to widen. Was it a fairy tale? What is certain is that the current operating model of the aid agencies and the development finance institutions, is not helping to crowd-in private flows at the necessary scale. The paper reviews the evidence and highlights what needs to change and how to do it.

Suggested Citation

  • Philippe Le Houérou & Hans Peter Lankes, 2023. "Mustering the private sector for development and climate in the Global South. Is it realistic? WP323," Working Papers hal-04123874, HAL.
    • Handle: RePEc:hal:wpaper:hal-04123874
    Note: View the original document on HAL open archive server: https://hal.science/hal-04123874
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    References listed on IDEAS

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