The Business Sector Steering Committee
The Addis Ababa Action Agenda (AAAA) is intended to define the financing framework for the Sustainable Development Goals (SDGs), and close the funding gap estimated at US$2.5 trillion per year. Against this daunting finance gap, there is a surplus supply of private capital, both locally and globally. Another opportunity is the transformation of the informal sector as an under-estimated and under-recognized driver of local economic growth that can stimulate sustainable economic and inclusive growth in developing countries and small island developing states.
Delivering solutions for sustainable and inclusive growth and finance inherently reside at the country level. This requires explicitly building the technical operational processes for improving national enabling-environments and capital markets (such as local expertise hubs) as well as the identification and development of investable entities — projects, instruments, and facilities — that can successfully harness mobilize and secure private capital, create local hubs of expertise, and ensure sustainable development impact. Therefore delivering on the SDGs, Climate Change, and inclusiveness objectives requires country-based approaches with the operational capacity to bridge public and private requirements and processes, harnessing the needed capital and ensuring accountable, efficient and smart delivery of the transformative agenda delivering on the 2030 Agenda.
Given the above imperative for effective local implementation at the country level, this side event is aimed at discussing the required country actions to deliver on finance and inclusive sustainable growth. There will be two presentations and an open discussion of implementation strategies.
Rachel Sander, email@example.com