PI Global Investments

The Role of Public Development Banks in Scaling up Sustainable Finance

This report was produced by UNDP in collaboration with the Finance in Common Secretariat in Agence française de développement.

This report sets out recommendations for supporting the work of Public Development Banks (PDBs) as they make progress toward aligning with the Sustainable Development Goals (SDGs). It is based on in-depth interviews with selected PDBs and relevant experts, in parallel with a survey administered to a broader group of PDBs – with an overall focus on national PDBs in developing countries. The work was developed by the United Nations Development Programme (UNDP) Sustainable Finance Hub in collaboration with the Finance in Common initiative (FiCS)4.

The research looks at the role of PDBs in scaling financing in an affordable way, the good practices PDBs have already developed, what they are seeking to do in the future, and how national and international actors can enable and scale their work. The interviews and survey were useful complements since they identified some similar but also some varied issues in relation to challenges and successes and hence to recommendations. Aspects of these recommendations could be relevant for governments (national/sub-national level and G20/non-G20 members), PDBs themselves, MDBs, bank coalitions/networks, regulators, credit rating agencies, technical assistance providers and development partners.

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