For 50 years we have tried our best to ‘develop’ ‘less developed countries’ (LDCs). Increasingly, a realization has kicked in that doing ‘development’ for partners and participants through top-down funding, implementation, monitoring and evaluation is inherently certain to fail to break the cycle of inequality. Increasingly, a conviction has emerged that those who control the resources needed to break this cycle; ‘we’ need to be led by ‘them’.
Last week, national governments, business, and civil society leaders came together at the United Nations’ High-level Political Forum (HLPF) in New York. With C-Change, we were asked to address attendees to the SDG Business Forum following our report SDG Investing: Advancing A New Normal in Global Capital Markets. The report, jointly commissioned by United Nations Department of Economic and Social Affairs (UN-DESA), reviews prevalent barriers to investing in social and environmental impact and begins to describe the toolkit that the public sector can tap into, to trigger change.