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31 Soc. & Legal Stud. 3 (2022)

handle is hein.journals/solestu31 and id is 1 raw text is: Article
Social & Legal Studies
2022, Vol. 31(1) 3-26
Audit as Accountability:                                       The Author(s)2021
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Expertise         in  the                             DOI:10.1177/0964663921992100
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Governance of Private                                              OSAGE
Financing for Development
Celine Tan
University of Warwick, UK
Abstract
The paper examines the emergence of a new landscape of international develop-
ment finance that is blurring traditional boundaries between public and private
resources for meeting the Sustainable Development Goals (SDGs) and other global
public goods (GPGs). In the SDG financing ecosystem, private actors are no longer
passive bystanders in the development process but as active contributors to and
investors in development projects and programmes. The paper argues that the
emerging 'private turn' in the architecture of development finance represents a
technology of governance that is rooted in the assemblage of international
development policy and practice. This regime constitutes an emerging complex and
often problematic framework of organising and managing countries' access to
external finance and establishing their terms of engagement with the broader global
economy.
Keywords
Aid, environmental, social and governance (ESG), financing for development, financial
regulation, global public goods, international financial institutions, private regulatory
standards, impact investing, Sustainable Development Goals
Corresponding author:
Celine Tan, School of Law, University of Warwick, Coventry CV4 7AL, UK.
Email: Celine.Tan@warwick.ac.uk