Public guarantees for private investment in sustainable development

In recent years, public grants aimed at achieving sustainable development goals have proliferated. Nevertheless, specific and isolated interventions, such as outright grants, often prove unsuitable for producing positive effects in the long term. At the same time, the holistic approach to sustainable development implies not only an integrated achievement of economic, environmental, and social goals but also a joint effort between public and private actors in pursuing these objectives. Starting from this assumption, the aim is to investigate the role of public guarantees for private investment aimed at promoting sustainable development on a national, European, and global scale. In particular, Multilateral Investment Guarantee Agency – MIGA’s role to promote sustainable private sector foreign direct investment in developing countries will be compared with Italian “Cassa Depositi e Prestiti” tasks as a Development Finance Institution, also in order to integrate the various interventions.