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More blended financing needed to achieve sustainable development goals
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Sustainable Development Goals (United Nations/File)
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t the Annual Meetings of the International Monetary Fund and World Bank Group held in Bali last month, President Joko “Jokowi” Widodo encouraged innovative financing schemes such as blended finance to achieve the Sustainable Development Goals (SDG).
Blended finance refers to deploying private sector capital alongside government’s support to achieve social outcomes. He emphasized the need for shared responsibility.
Today’s social problems are multifaceted and Jokowi is absolutely correct that we need to forge new collaborations and work across traditional sector demarcations to craft new and innovative solutions to our shared concerns.
The government, the private sector and community organizations each have roles to play in creating better communities and countries and thus forging a brighter future together.
