ABSTRACT
The Sustainable Development Goals (SDGs) 10.b and 17.2 call for the developed countries’ commitment to provide official development assistance (ODA) to achieve those goals. Nevertheless, the current global ODA scale is far behind in fulfilling the needs of the least developed countries for sustainable development. To narrow this financial gap, the current debate centres on how to use the ODA to de-risk and catalyze private finance from billions to trillions by creating ‘blended finance’. However, many studies argue that the increasing private sector's roles in financing sustainable development would lead to many legitimacy and accountability issues, such as ‘SDG washing’ hindering inclusive and transformative governance for sustainable development.
