The funding needs of the world economy are greater than ever. They chiefly concern long-term financing in both developed and emerging countries. These pressing requirements particularly relate to technological disruptions, the energy transition and the fight against climate change, demographic change and social issues. According to the Global Infrastructure Hub, the financing gap for infrastructure alone amounts to $1.5 trillion per year. This is why blended finance must accompany public funding. As such, international financial centres – as networks of global and national players that contribute to the effective functioning of financial markets – are essential to meet the needs of the real economy and economic growth. Their commitment to supporting global economic transformation, fostering the combination of public and private funding, and contributing to meeting sustainable development goals, is crucial.
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