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Advance Sustainable Finance in Emerging Economies

The EU High-Level Expert Group (HLEG) on Scaling Up Sustainable Finance in Low and Middle-income Countries has released its final report, presenting 10 key recommendations to the European Commission. These steps aim to enhance private capital mobilization for sustainable projects, bridging the substantial financing gap for the Sustainable Development Goals (SDGs) estimated at USD 3.9 trillion annually. The HLEG emphasizes developing a strategic engagement model with low- and middle-income countries, agile financial support, a unified EU digital platform for sustainable projects, and urging multilateral development banks to adjust their models to mobilize private sector resources effectively. Additionally, the report highlights the importance of disaster risk financing, technical assistance for social impact measurement, scaling high-integrity carbon and biodiversity credit markets, and supporting local capital market development. By fostering collaboration among corporates, investors, and policymakers, the EU aims to accelerate a green and resilient recovery globally.

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