Homi Kharas is Interim Vice President and Director at the Brookings Institution, which is a non-profit public policy organisation that brings together more than 300 leading experts in government and academia from all over the world. Homi Kharas studies policies and trends influencing developing countries, including aid to poor countries, the emergence of the middle class, global governance and the G20.
Private finance is rising
Cross-border financing of the Sustainable Development Goals (SDGs), when defined as the flows to developing countries of financing that likely finance investments directly related to the SDGs, rose to US$ 675 billion in 2017, up by 17.1% in nominal terms from 2016. The increase was largely due to private flows that rose by almost US$ 100 billion (Figure 1).