Why private capital is indispensable to close the great development and climate financing divide
The global financing gap for sustainable development has grown to $4.2 trillion, making private investment, strategic reforms and collaboration urgent.
Currently represents 11 countries from MENA on the IMF's Board as Executive Director and is the UN Special Envoy on Financing the 2030 Agenda for Sustainable Development. Also is High-Level Climate Action Champion for COP27 hosted in Egypt. Formerly World Bank Group Senior Vice President for the 2030 Development Agenda, UN Relations and Partnerships. He previously held numerous senior positions in the Government of Egypt, including Minister of Investment. He also served on several Boards of Directors, including the Central Bank of Egypt and the banking, corporate, and academic sectors. He is also Professor of Economics and Finance at Cairo University and Honorary Professor at Durham University.
The global financing gap for sustainable development has grown to $4.2 trillion, making private investment, strategic reforms and collaboration urgent.
For decades GDP has been our primary and often sole measure of progress. That is changing — today, nature-positive measures of progress are gaining ground.