SDIP meaning in Community ?

Answer:

What is Sustainable Development Investment Partnership mean?

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 since expanded to 30. The World Economic Forum and OECD provide institutional support to the partnership.

The SDIP was set up because its 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 goal is to achieve 100 billion 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 uses blended 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 15 September 2015.

reference

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