High-Level Expert Group on scaling up sustainable finance in low- and middle-income countries
Detalles
| Since 2022, emerging markets have experienced the worst capital outflows in their history. The report offers concrete and innovative measures that the European Commission can take to mobilise private capital for sustainable investments in the Global Portal's partner countries. It outlines 10 recommendations focusing on establishing a strengthened strategic engagement model with partner countries, while ensuring greater flexibility in the use of the EU's external financial support instruments. In addition, the High Level Expert Group (HLEG) recommends innovative solutions to mobilize private capital and increased fiscal resources for sustainable investments, along with measures to strengthen the size and depth of local sustainable capital markets. The report's recommendations are part of the broader debate on how to attract more private finance for sustainable development in partner countries through innovative models, in a context of restricted public funds and limits on concessional financing. To this end, partner countries should continue to work on developing their sustainable financial ecosystems and sustainable capital markets. In parallel, ongoing discussions on the mandates of multilateral development banks and development finance institutions will also be critical to mainstreaming the private sector. |
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