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Scaling Up Sustainable Finance and Investment in the Global South
11/01/2022 Since 1 month

The Centre for Economic Policy Research (CEPR) published an ebook that provides a comprehensive overview of the financing gap that emerging and developing countries face to meet the Sustainable Development Goals (SDGs) and Paris climate goals.

The document includes a detailed country- and region-level analysis of the challenges and opportunities of scaling up sustainable finance and investment and discusses the range of instruments that could be used to reach these climate and development objectives. It is composed of two main sections, the first one tackles the mitigation risks and harnessing opportunities, while the second section deep-dives on regional and country case studies.

In particular, Chapter 13 from Section 2 describes the case of Latin America and the Caribbean (LAC) by the Inter-American Development Bank (IDB). The chapter’s authors conclude that international cooperation, development banks and cross-border investors all have a role to play in making capital available to harness sustainable investment opportunities, but financial institutions, regulators and supervisors in the region must do more (in terms of both scale and speed) to identify, assess and manage the risks that climate change is presenting to the economic development of LAC and the health of its financial system.

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