This course explores the changing role of development finance to achieve the Sustainable Development Goals (SDGs), with a critical examination of market-based solutions. The SDGs represent a comprehensive agenda for sustainable development, seeking to eradicate poverty, protect the planet, and ensure prosperity for all by 2030. Development finance arguably plays a crucial role in achieving these goals by mobilizing resources, fostering investment, and supporting initiatives that drive sustainable growth. Both approaches are not without critics: some suggest that market-based solutions to development challenges are just a ruse, and others argue that SDGs are a distraction to divert attention away from the perils of neoliberalism. Yet others completely disagree with these critics and highlight the benefits to be gained from mobilizing finance for sustainable development.

Through a blend of theoretical foundations and recent empirical evidence, students will analyze the effectiveness and limitations of various financial instruments and strategies in promoting sustainable development. Emphasis will be on critically evaluating market-based solutions, such as impact investing, public-private partnerships, and green bonds, assessing their capacity to address emerging socio-economic and environmental challenges. The course will engage students in critical debates on the role of the private sector, the effectiveness of global financial institutions, and the future solutions surrounding SDGs and development finance.

Assessment

This course is designed for face-to-face interaction and the student participation is essential. Please make sure to do the readings before coming to class. 

Course requirements

• Participation and attendance (%15)
• Midterm exam (%30)
• In class presentation (%15)
• Final exam (%40)

Competences, learning outcomes and teaching activities (PDF)