The Role of Private Sector in Financing Sustainable Development in Cities

Discussion on the pivotal role of private sector financing in local development in emerging markets (EM): the benefits of subnational commercial financing and the role of private participation in enhancing service delivery

Cheick-Oumar Sylla

Facilitator

November 5, 2024 | 13:00 - 14:30

ONE UN room B

International Finance Corporation IFC

United States of America

English, English

Reference:

UN-B 3

WUF12

ONE UN

Summary

The panel discussion aims to raise awareness on the pivotal role of private sector financing in local development within emerging markets (EM). It will highlight the benefits of subnational commercial financing and the role of private participation in enhancing service delivery and will touch upon the constraints that restrict this approach. By bringing together stakeholders from governments, DFIs, and companies, the panel will learn from the successful examples shared by the panelists and explore innovative business models and solutions at national and local levels.

Objectives

• Increase awareness on the benefits of subnational commercial financing and private capital mobilization.
• Highlight challenges limiting commercial financing and PPPs at the local level in emerging markets.
• Identify approaches and instruments to where private sector financing at the local level is likely to be most impactful.
• Understand how the private sector is integrating sustainability and climate-friendly solutions into infrastructure projects.
• Learn from innovative examples to finance the gap in local finance needs.