Under the Patronage of
Vice-President and Prime Minister of the UAE and Ruler of Dubai
11:25 - 12:00
FPI Pillar Session 2 – The Role of Central Banks, Multilateral/Regional Development Banks & Development Funds in Promoting Sustainable Economic Growth
Economic transformation requires long-term investment to support the expansion of productive capacities, as well as infrastructure development that underpins industrial activities and reduces bottlenecks. Rapid, transformative growth will also require, from the developing world, a more autonomous development strategy, in light of the fragile world economic recovery and the uncertainty about developed country demand and capital as drivers of advancing country growth.
The financing needs to support the Sustainable Development Goals are formidable. Investment in infrastructure development alone, which is a crucial bottleneck to economic transformation and thus sustainable growth, faces financing needs at the global level that amount to $5 trillion–$7 trillion per year.