Mobilizing Public and Private Funds for Inclusive Green Growth Investment in Developing Countries : A Stocktaking Report Prepared for the G20 Development Working Group
International Finance Corporation
International Finance Corporation, Washington, D.C.
The G20 countries have increasinglyrecognized the importance of green growth in recent years,and many countries are demonstrating strong leadershipthrough effective and progressive policies.The focus has sofar been on creating new economic opportunities whilesolving environmental and resource scarcity challenges.However, governments do not act alone—the private sector isa natural partner, providing new technologies, businessmodels and investment opportunities across a variety ofsectors to help scale-up transformation. Since the 2008Pittsburgh G20 Summit, inorder to foster these partnershipsand leadership by the private sector there has beena surgein related intergovernmental, non-governmental and privatesector platforms, to actively promote government policiesand public-private partnerships to deliver greaterinvestment in resource-efficient, low-carbon infrastructureand services. As the largest development finance institutiondedicated to private sector development,with a strongemphasis on sustainability,International Finance Corporation(IFC) was commissioned to undertake an extensive literaturereview as a stocktaking exercise on existingmechanisms tomobilize private capital for inclusive green growth (IGG)investmentsin developing countries, as preparation forLosCabos. This overview starts with the high-level findingsof the expanded literature review. In order to help readersnavigate the vast amounts of information reviewed, asoftware tool has been developed that allows searches bytheme, geography, sector, instrument, and nother interests.The overview then provides a mapping of financial flowsrelevant to IGG based on existing information and identifiesgaps in our knowledge along sectoral and geographical lines.