Triangular co-operation has proven to be a powerful, inclusive tool to achieve the 2030 Agenda for Sustainable Development that combines partners’ comparative advantages and complementary expertise in a way so that the sum of their efforts is greater than the parts each of them is playing. At the "Market place for triangular co-operation projects", representatives from the private sector, multilateral and national development banks, and philanthropy, will present projects and ideas to gather inputs or include new partners for ongoing triangular co-operation initiatives. It is also an opportunity to meet and bring together new partners - extending the scope of their work.

The African Tax Administration forum will highlight the role of tax in private finance for sustainable development, and share the tools they have developed in this respect and the impact it has had on member countries.

International pension funds are increasingly engaging in investments with the aim of achieving the SDGs in developing countries. This session will look at emerging examples of international pension funds that are active in the space of investing in sustainable development in developing countries. What are the risks, challenges and opportunities, and how can the model be scaled up?

To ensure accountability on the appropriate use and value for money of development finance, blended finance operations should be monitored on the basis of clear results frameworks, measuring, reporting on and communicating on financial flows, commercial returns as well as development results. This entails agreeing on performance and result metrics from the start; tracking financial flows, commercial performance, and development results; dedicating appropriate resources for monitoring and evaluation; and ensuring public transparency and accountability on blended finance operations.

The session will discuss the implications of biodiversity loss and prevention of that loss for businesses and financial organisations, and options for scaling up business action and finance for biodiversity. It will notably discuss key options and priorities to enable private finance (especially institutional investment) in support of biodiversity action. It will draw on emerging practices from investors and corporations, e.g. in sustainable land-use. It will also discuss the role of public finance from MDBs and PFIs to help mobilise institutional investment in support of biodiversity action.

The Global Partnership for Effective Development Co-operation (GPEDC) has recently launched the Kampala Principles that provide guidance on the effective use of public resources in establishing new or improving existing partnerships with the private sector at the country level. The principles assist governments, businesses and other actors in improving partnerships for the benefit of people and planet. This event will explore how to translate the Kampala Principles into action for different stakeholder groups and help to ensure public and private investments and operations align to national development priorities and the SDGs.

In order to harness the full potential of finance the SDGs, we need to work towards a shared understanding of how we measure the impact of our collective investments in sustainable development. This workshop aims at bringing together experts and practitioners from different communities, to discuss the opportunity of developing an impact framework for development, building on the work of the Impact Management Project (IMP) and other initiatives.

The OECD, Moody’s and Convergence will host a workshop, in coordination with the THK Practices and Mobilisation Working Groups, dedicated to blended finance (innovative finance) approaches to mitigate risk of investing in developing countries to mobilise private investment. The session is designed for blended finance practitioners from development agencies, philanthropic foundations, MDBs/DFIs and private sector. The session includes three segments: (1) Convergence and OECD to profile need to mobilise and history of actual projects in the past decade, (2) Moody’s will present and profile the issuers/issuances it has rated and (iii) a collaborative workshop with active participation. The workshop will lead to the research and publication of two reports in March 2020: Moody’s Sector In-Depth Repot and Convergence Blended Finance Report.

A multi-stakeholder panel, this side-event will critically explore the potential of blended finance to fill the SDG gap and the opportunities and threats that come with it, looking at the health sector in particular. This will be a dynamic panel discussion aiming to move the conversation on blended finance beyond the usual framing and focus.

Private philanthropy has played an increasingly important role in development co-operation, particularly in the context of the SDGs. But what are the main attributes and volume of philanthropy in the current landscape of development finance? What can philanthropy bring to the international debate on advancing the SDGs beyond their financial contribution? This workshop will invite the largest philanthropic foundations and other stakeholders to exchange their views and expertise in this domain, building upon the unique OECD statistics on private philanthropy for development.

The OECD Survey on Blended Finance Funds and Facilities represents a major step forward to consolidate evidence and provide further policy guidance in support of the OECD DAC Blended Finance Principles, whose focus is unlocking commercial finance for the Sustainable Development Goals. The 180 responses collected in 2018 illustrate to what extent blended finance funds and facilities vary widely in characteristics and functioning. Collectively, the managing organisations reported over USD 60.2 billion invested in 111 developing countries at the end of 2017. The OECD will present findings from the 2018 survey edition relating to: • The management, capital structure, investment strategy and portfolio allocation of the surveyed blended finance funds and facilities, • Their development strategy, performance tracking and evaluation approach This new evidence confirms trends observed on the broader blended finance market (priority sectors, geographical coverage, targeted SDGs), while shedding light on additional aspects (e.g. investors, clients and investment instruments). The discussion will benefit from additional insights: • The German Institute for Development Evaluation (Deval) will share key learnings from a recent evaluation study on Structured Funds involving German development cooperation. • The Global Impact Investing Network will relate their experience in conducting the Annual Impact Investor Survey. • The Wharton Social Impact Initiative will present its ongoing research on the private equity and venture capital market.

National development banks (NDBs) are poised to play a key role in aligning private finance with the SDGs and the objectives of the Paris Agreement. While the assets under management in NDBs dwarf multilateral development bank financing in many developing countries, their transformative potential goes beyond the sheer volumes of finance provided. Their unique value added lies in the ability to support policy makers and market creation, the provision of local currency financing and their role in intermediating international climate finance. The Organisation for Economic Co-operation and Development (OECD), the International Development Finance Club (IDFC) and the Overseas Development Institute (ODI) are jointly organizing this side event to discuss the role of NDBs, collate evidence on challenges to unlock their potential, and explore opportunities to address these challenges. The discussion will draw on key messages of the OECD report 'Scaling up climate-compatible infrastructure: Insights from national development banks in Brazil and South Africa' and the launch of a new ODI report ‘Securing climate-smart investment through national development banks’. It will further highlight key next steps and priority action areas for NDBs in raising ambition within the Paris Agreement on climate change.

Low income countries continue to face a growing financing gap between infrastructure investments needed and the financial resources available for them. A key driver of this is the significant and largely unmet need to increase the volume and duration of local currency finance for infrastructure investment. Most infrastructure projects in low-income countries earn revenues in local currency. Therefore, the significant foreign exchange risk associated with hard currency financing is eliminated when debt interest and principal are also payable in local currency. Guarantees provide an important catalyst and multiplier effect on expanding local bank, pension fund and institutional investor participation in offering local currency financing to capital intensive industries such as infrastructure – where longer maturity profiles are a necessity. Guarantees encourage this by offering credit enhancing attributes that improve the risk profile and rating of local currency credit, allowing local currency investors with regulatory restrictions a framework to be able to participate in financing these projects. Local currency guarantees, through novel approaches such as liquidity or tenor extension products, are also able to facilitate the extension in maturity of local currency transactions, thereby allowing local banks to offer longer maturity profiles to infrastructure projects; addressing the liquidity and short-term lending restrictions many of them currently face. Therefore, guarantees are strongly positioned to act as a critical component in scaling up risk mitigation in low income countries and allowing the growth of local currency financing. And in the face of the debilitating finance gap in low income countries, providing comfort to pension fund and private institutional investors is crucial in growing long-term local currency financing.

Although global green bond issuance is on the rise, social bond issuance is still low. To bridge the financing gap in areas where the flow of private finance is scanty (such as global health and nutrition), it is indispensable to learn from experiences and best practices on the deployment of diverse innovative financing instruments, such as social impact bonds. Participants will gain insights from one of the biggest Japanese Institutional investors and experts on global health and nutrition and agriculture.