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The Sustainable Development Investment Partnership (SDIP) is a partnership whose purpose is to contribute to financing the Sustainable Development Goals (SDGs) set forth by the United Nations. SDIP brings together public and private entities—from both developed and developing countries—that share an ambition to scale up sustainable infrastructure investments in developing countries. SDIP was launched at the United Nations Conference on Financing for Development in Addis Ababa in July 2015 with 20 founding members, which has now expanded to 30. The World Economic Forum and OECD are currently providing institutional support to the partnership.
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The SDIP was set up because it's members believe the world of development finance is often crowded and uncoordinated. According to the SDIP the aim is to adopt a practical approach and deliver scale, speed, transaction efficiency and risk mitigation. Their own goals is to achieve $100 billions of dollars per year of additional finance over five years). SDIP supports inclusive growth and poverty alleviation through investments in areas such as water and sanitation systems, transportation, clean energy, agriculture, health, telecommunications and climate adaptation.
SDIP usesBlended Finance by creating a platform where public and private entities can interact by co-investing and coordinating on a pipeline of specific projects. In order to mobilize private sector investment, members of the partnership collaborate to review practical experience in individual investment projects with a view toward scaling up existing initiatives, sharing existing knowledge, tools and new approaches to financing.
SDIP's inaugural meeting took place in Geneva, Switzerland on September 15, 2015.
Membership
Currently, SDIP has a total of 30 members. The partnership is open to governments, local and global private banks, institutional investors and other public and private financiers, development finance institutions and bilateral and multilateral development banks and other organizations committed to providing substantial energy and resources to support the various activities of the partnership.
SDIP Africa Hub
The SDIP was founded to help bridge the huge funding gap towards the SDGs; thus a large share of the projects are located in Sub-Saharan Africa. Of the $30 billion projects SDIP is facilitating worldwide, over $20 billion are located in Africa. Consequently, the partnership has dedicated an African hub within which the partnership is looking to build local capacity and ease the exchange of best practices across its network of institutions.