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The central role that private finance has taken in the FfD process is disconcerting. Donor countries have been promoting an agenda that heavily rests on using public money, including Official Development Assistance (ODA), and public institutions such as Multilateral Development Banks (MDBs), to leverage private finance. Various instruments have been used to implement this agenda, including blended finance, public-private partnerships (PPPs) and risk guarantees. But instead of offering a long-lasting solution, catalyzing private investment at scale may in fact be undermining public policy objectives aimed at sustainable development in the global South, further eroding the role and capacity of the state to provide public infrastructure and services vital to ensuring human rights, development, and climate resilience, and leaving countries more vulnerable to debt crises.
For more details on civil society proposals around this topic, click here.
The below database tracks recent statements by governments on Private Finance.
| Group/Member state | Year | Link | Excerpt |
|---|---|---|---|
| G77 and China | 2025 | Link to 3rd PrepCom Statement | We reiterate our position that private resources may not be suitable for all sectors and countries, and thus are not a substitute for traditional ODA. The Group reaffirms that private international capital should complement and be aligned with national development plans and priorities and this can be better reflected in the text up front. Although there is a call for all blended finance to be aligned with national sustainable development priorities and industrialization strategies and promote country-led ownership, this should apply to all forms of private capital mobilization. |
