Sustainable Development Investment Partnership

rdf:langString Sustainable Development Investment Partnership

rdf:langString The Sustainable Development Investment Partnership (SDIP) is a partnership whose aim is to support to financing the Sustainable Development Goals (SDGs) set out by the United Nations. The SDIP brings together public, private and philanthropic entities—from both developed and developing countries—that share an ambition to scale up sustainable infrastructure investments in developing countries. The SDIP was launched at the United Nations Conference on Financing for Development in Addis Ababa in July 2015 with 20 founding members, which has since expanded to 42. The World Economic Forum and OECD were founding partners and provide institutional support. The SDIP was set up to help coordinate finance as members recognised the space was often uncoordinated. According to the SDIP the aim is to adopt a practical approach and deliver scale, speed, transaction efficiency and risk mitigation. Their public goal is to achieve 100 billion dollars per year of additional finance over five years. SDIP supports inclusive growth and poverty alleviation through investments in areas such as water and sanitation systems, transportation, clean energy, agriculture, health, telecommunications and climate adaptation. The SDIP uses blended finance by creating a platform where public and private entities can interact by co-investing and coordinating on specific projects. In order to mobilize private sector investment, members of the partnership collaborate to review practical experience in individual investment projects with a view toward scaling up existing initiatives, sharing existing knowledge, tools and new approaches to financing. SDIP's inaugural meeting took place in Geneva, Switzerland on 15 September 2015.