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The Financing Framework for Sustainable Development in Emerging Economies: The Case of Uruguay

Sustainability, 2019-02, Vol.11 (4), p.1059 [Peer Reviewed Journal]

2019 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2071-1050 ;EISSN: 2071-1050 ;DOI: 10.3390/su11041059

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  • Title:
    The Financing Framework for Sustainable Development in Emerging Economies: The Case of Uruguay
  • Author: Gambetta, Nicolás ; Azadian, Paula ; Hourcade, Victoria ; Reyes, María
  • Subjects: Budget deficits ; Consumption ; Debt financing ; Economic growth ; Emerging markets ; Financial services ; Government ; NGOs ; Nongovernmental organizations ; Public sector ; Strategic planning ; Sustainability ; Sustainable development
  • Is Part Of: Sustainability, 2019-02, Vol.11 (4), p.1059
  • Description: This paper explores the financing framework for sustainable development in Uruguay, an emerging economy, and examines whether available financing instruments contribute to achieving the sustainable development goals (SDGs) in which significant progress is still required in this country. Reports, policy documents and academic literature were reviewed to determine the types of sustainable development financing instruments available, and to analyse the challenges facing emerging economies in this regard. In addition, the financing programmes available from the public sector, non-governmental organisations (NGOs), the financial sector and multilateral credit agencies were examined. The results obtained show that the main financing sources for sustainable development are located within the public sector due to the absence of a developed financial market, and that the existing financial instruments do not address the SDGs where most attention is required. The latter circumstances make it challenging to achieve these SDGs in Uruguay. The study findings highlight the need for greater coordination among all parties to make efficient use of the scarce resources available to an emerging economy and thus enable it to meet its SDGs.
  • Publisher: Basel: MDPI AG
  • Language: English
  • Identifier: ISSN: 2071-1050
    EISSN: 2071-1050
    DOI: 10.3390/su11041059
  • Source: GFMER Free Medical Journals
    ROAD: Directory of Open Access Scholarly Resources
    ProQuest Central
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