Going for Goals

Delivering innovative finance for people, planet & prosperity

The need for further investment
The 2030 sustainable development agenda, adopted by the United Nations, commits the world on a course to end poverty, protect the planet, and ensure health and prosperity for all. But in order to drive that forward there needs to be sufficient finance. In fact, it’s estimated that an extra $2.5 trillion of funding will be needed each year to achieve this. So just where is that money going to come from?

It’s not enough for nonprofits and governments alone to tackle global issues including ensuring access to health care, slowing climate change, and promoting equality. New players are entering this space — innovating around creative ideas, methods and techniques to fund life-changing projects and alleviate some of the world’s biggest challenges.

Where’s the innovation?
Let’s take an in depth look. Over the next 10 weeks Devex, along with our partners, will explore innovative financing mechanisms, asking how cross-sector collaboration can lead to improved outcomes, and discussing what it takes to build successful partnerships for change. Through the lens of People, Planet, and Prosperity, we’ll bring together a wealth of insights.

People

With a focus on finding the funds to finance the 2030 sustainable development agenda, keeping people and their needs at the forefront of change can be difficult. We ask how this can be done and take a look at those financing models making the most difference to people’s lives.

Going for Goals

Can a for-profit company bring connectivity to ultra-remote villages?

ARTICLE By Sophie Edwards / DEVEX

The company African Mobile Networks has received 24 million euros from the European Investment Bank to build solar-powered mobile phone base stations in remote villages in Cameroon and the DRC. Devex finds out more.

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Planet

When it comes to climate change and its effect on health and wellbeing, is money the answer? We examine the investments being made to prevent, manage and respond to natural disasters and take a look at where potential funding could come from to ensure a sustainable future for all.

infrastructure

Getting climate infrastructure right: A stronger role for development banks

ARTICLE By Jorge Moreira da Silva / OECD

In order to limit global warming, the next decade will see a surge in efforts made by public, private and civil society stakeholders. However, the Organisation for Economic Co-operation and Development’s Jorge Moreira da Silva believes that it is development banks that could make the most difference, especially in developing countries. In this guest column, he explains what further actions they need to take to help forge a lower-carbon pathway and achieve the Sustainable Development Goals.

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Prosperity

Does economic progress lead to improved global health or does access to health care lead to increased prosperity? We examine the link between the two factors and look at ways issues such as equality, famine and disease are being tackled in practical terms to bring about a more prosperous environment.

Impact bonds

How to finance innovative young entrepreneurs

By Johnny Dubbaneh, Helen Morgan / Devex

What kinds of investment mechanisms could help provide job opportunities and improve social inclusion long-term? Devex hears from Maria Shaw-Barragan, director, global partners, at the European Investment Bank, about how blended finance is having an impact on sustainable development.

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Dive In Deeper

Health sector

Going for Goals: How to innovate on health sector financing

By Malia Politzer / Devex

Despite major improvements in health outcomes over the past 30 years, we still have a long way to go. Achieving the Sustainable Development Goals will need considerable resources, which is why finding innovative financing methods will be critical to their success or failure. Devex examines some of the challenges and opportunities of different financing mechanisms — from public-private partnerships, to blended finance and impact investing.

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