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The Role of Private Sector in Financing Sustainable Development in Cities

Discussion on the pivotal role of private sector financing in local development in emerging markets (EM): the benefits of subnational commercial financing and the role of private participation in enhancing service delivery

Cheick-Oumar Sylla

Facilitator

date November 5, 2024 | 13:00 - 14:30
place
ONE UN room B
organization
International Finance Corporation IFC
country
United States of America
language
English, English
Reference: 
UN-B 3
WUF12

Summary

The panel discussion aims to raise awareness on the pivotal role of private sector financing in local development within emerging markets (EM). It will highlight the benefits of subnational commercial financing and the role of private participation in enhancing service delivery and will touch upon the constraints that restrict this approach. By bringing together stakeholders from governments, DFIs, and companies, the panel will learn from the successful examples shared by the panelists and explore innovative business models and solutions at national and local levels.

Objectives

• Increase awareness on the benefits of subnational commercial financing and private capital mobilization.
• Highlight challenges limiting commercial financing and PPPs at the local level in emerging markets.
• Identify approaches and instruments to where private sector financing at the local level is likely to be most impactful.
• Understand how the private sector is integrating sustainability and climate-friendly solutions into infrastructure projects.
• Learn from innovative examples to finance the gap in local finance needs.

Partners

Organization
Country
International Finance Corporation IFC
United States of America
Multilateral Investment Guarantee Agency (MIGA)
United States of America
The World Bank
United States of America

Session panelists

Panelist
Role
Organization
Country
Ms. Dr. Rania Al-Mashat
Minister of Planning, Economic Development and International Cooperation, Egypt
Government of Egypt
Ms. Dalia Wahba
CEO
Hassan Allam Utilities
Mr. Ali AI Dhaheri
MD and CEO
Tadweer Group
Mr. Peter Mofeed
Chief Financial Officer
Taqa Arabia Strategy
Mr. Sameh Wabha
Regional Director, Sustainable Development at the Europe and Central Asia region
World Bank
Ms. Dagmar Vogel
State Secretariat of Economic Affairs (SECO)
Government of Switzerland