The Financial Express

PM for taking pvt sector on board for SDG financing

| Updated: October 24, 2017 22:37:39

PM for taking pvt sector on board for SDG financing

Prime Minister Sheikh Hasina has said the private sector needs to be taken on board to address the financing gaps in implementing the SDGs as mobilisation of financial resources for the purpose appeared as a major challenge for governments.

"According to UNCTAD, the world will need 3.3 to 4.5 trillion dollars every year to achieve the SDGs. Partnership with the private sector is, therefore, critical for financing SDGs," she told a high level discourse on UN General Assembly sidelines in New York late Wednesday.

The event titled “Creating a Policy Vision for SDG Finance Facilitating Private Sector Investment in the SDGs” was held at the UN headquarters.

The Bangladesh PM told the interaction that the private sector in developing countries already accounted for 60% of GDP, 80% of capital flows and 90 per cent of jobs, earning their stake and obligation in SDG implementations.

"In Bangladesh, our private sector is coming forward as a strong and willing partner," she said adding that responding to their interests her government set up a number of entities under Prime Minister's Office (PMO) to mobilise increased private sector investment for SDG, according to BSS.

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