Private Sector & Development magazine articles

Radical uncertainty in geopolitics and geoeconomics is set to increase, along with risks of crises – and the global community’s mitigating capacity is diminished. In a world without a global balance of power, a ‘G-zero world’, Development Finance Institutions (DFIs) are well positioned to buttress Europe’s ability to act cohesively on the global stage to safeguard European values, which overlap with the Sustainable Development Goals.

Over the past decade, health, climate and geopolitical challenges have increased exponentially. In response, Europe’s development finance institutions (DFIs) have stepped up their cooperation and anchored their activities firmly within the framework of the SDGs. While the overall assessment of this decade is a positive one, it also highlights the need for adjustments, which should enable European DFIs to step up their action as part of a more partnership-based approach – notably with players from the private financing sector – while continuing to fulfil their counter-cyclical role and financing the challenges of tomorrow.