The SDG Investments and Climate Financing Facility was inaugurated by the Ministry of Finance and the United Nations Development Programme (UNDP) Pakistan to encourage private sector investment and a dynamic financing for development portfolio for Pakistan.
UNDP stated that the SDG Investments and Climate Financing Facility would seek out, develop, and leverage high-impact SDG-aligned and climate financing value propositions with the potential to draw funding from a range of domestic and international investors, including financial markets.
The Honorable Finance Secretary, Hamed Yaqoob Sheikh, declared during the Facility’s opening that “this is a crucial step for expediting Financing for Development in Pakistan.” “We must urge the corporate sector and global stakeholders to broaden the finance pool and engage with disadvantaged groups.”
