Sri Lanka SDG Investor Map launched

The Government and UNDP in Sri Lanka yesterday launched the Sri Lanka SDG Investor Map (the Map), a market intelligence tool that seeks to direct private capital where Sri Lanka’s Sustainable Development Goals (SDG) priorities, Government policy and market opportunity intersect, as the country seeks to rebuild its economy sustainably, using the SDG framework as its guide. The methodology for the Map was created by UNDP SDG Impact.

While Sri Lanka is pursuing an IMF program to stabilize its macro-economy and restructure its external debt, private capital, foreign direct investments, blended finance options and public-private partnerships, are all needed. At the event, UNDP called on the private sector to adopt the SDG Impact Standards, the independent and global management standards that guide businesses and investors in their decisions to optimize interrelated economic, social and environmental impacts. Speaking at the event, W.A. Sarath Kumara, Deputy Secretary Treasury, Ministry of Finance stated, “Sri Lanka’s commitment to achieving the SDGs is explicit in our continued pursuit of national policies and development plans and programmes in alignment with SDGs over the years. Innovative financing mechanisms become imperative to synergize the government, private sector, and capital markets to generate the additional resources needed to finance the SDGs.”

Hanaa Singer-Hamdy, Resident Coordinator, United Nations in Sri Lanka, said “a whole-of-society approach is needed to mitigate the immediate impacts of Sri Lanka’s economic crisis and assure the country’s long-term sustainable development.

The Sri Lanka SDG Investor Map offers a compelling pathway for private sector entities to increase the alignment of their investments with the SDGs.”

Highlighting UNDPs role, Malin Herwig, Officer-In-Charge, UNDP in Sri Lanka commented, “The SDG Investor Map has provided us market intelligence on SDG aligned investment opportunities for Sri Lanka at this critical juncture. UNDP together with the Government of Sri Lanka, through the Map, calls for development partners, IFIs and private impact investors to come together to formulate financing solutions to contribute to the country’s recovery and SDG acceleration.”

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Author: shehan

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