The United Nations Development Programme (UNDP) and Finance in Common Summit (FICS) joined forces to examine the vital role of Public Development Banks (PDBs) in scaling sustainable financing in an affordable way, the good practices PDBs have already developed, and how national and international actors including Multilateral Development Banks (MDBs), UN system and FICS, can enable and scale their work. The research was based on face-to-face detailed interviews and an online survey about PDBs’ challenges.

The findings show that the importance of aligning finance with the Sustainable Development Goals (SDGs) and the Paris Agreement is clear, but it is crucial to ensure effective collaboration between PDBs, coordination with MDBs, and the commitment from the development community.