n Development Finance Agenda (DEFA) - Private finance and the post-2015 development agenda

Volume 1, Issue 3
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There is an emerging consensus that private finance should play a major role in the post 2015 development agenda. This is consistent with the post-Washington consensus on the role public institutions as being to leverage resources from the private sector and provide an enabling environment for investment. This paper examines proposals for the mobilisation of private finance for development in the post-2015 era. It then reviews emerging research on the nature of financialisation in the agri-food system, and how and why these processes and their effects have become obscured. The political challenges this presents are discussed, with particular reference to initiatives positioning agribusiness investment as central to agricultural development in Sub Saharan Africa. It concludes that without scrutiny though a financialisation 'lens', international commitments on 'finance for development' could undermine the original vision of the sustainable development goals.

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