Though the total SDG financing gap is daunting, on the order of an average $400 billion per year for the world’s 59 low-income developing countries (LIDCs), it amounts to just 0.7 percent of the advanced economies’ GDP, and just 0.4 percent of the world economy as a whole. In this paper, SDG Costing and Financing for the LIDCs, SDSN proposes a plausible portfolio of financing actions that would increase budget revenues for SDG outlays by $430 billion—enough to close the SDG financing gap in all LIDCs and end extreme poverty.
Institutional Mechanisms for SDG Coordination
The Secretary-General’s three-year Roadmap for Financing the 2030 Agenda provides a pathway for implementation of the Strategy. The Roadmap, which reflects actions and initiatives to mobilize investment and support for financing the 2030 Agenda, includes three parts.
Part I: Specific actions and ‘key asks’ championed by the Secretary-General, where his leadership can galvanize the required change.
Emerging Findings from the Voluntary National Reviews (VNRs) of SDG Implementation in Fragile and Crisis Settings
OECD - OCDE forecasts that more than 80% of the world's poorest could be living in fragile contexts by 2030 if fragility is not addressed. Read the attached snapshot to learn about challenges and opportunities in implementing the 2030 Agenda in fragile and conflict-affected settings. These insights are based on eight countries which shared their experiences in voluntary national reviews.
Evidence-based policymaking requires reliable and high-quality statistics at a desirable level of aggregation. However, evidence on what and what levels of aggregation are desirable are questions that statisticians alone cannot answer. This paper introduces features and application of a tool called EPIC (Every Policy Is Connected) that facilitates policy-data dialogue aiming to identify policy priorities as well as data needs.
The 2030 Agenda for Sustainable Development encourages member states to ‘conduct regular and inclusive reviews of progress at the national and sub-national levels’. Reviewing the implementation of the 2030 Agenda is not an end in itself but a means to improve and accelerate implementation. During the VNR countries take stock of and assess progress and shortcomings in the implementation of the goals and targets. This process is a dynamic one wherein countries are constantly implementing, assessing and readjusting their policies to achieve the goals.
The 2019 Financing for Sustainable Development Report (FSDR) of the Inter-agency Task Force on Financing for Development warns that mobilizing sufficient financing remains a major challenge in implementing the 2030 Agenda for Sustainable Development. Despite signs of progress, investments that are critical to achieving the Sustainable Development Goals (SDGs) remain underfunded and parts of the multilateral system are under strain.
Foreign investment has been and still is an important factor for the economic development of many countries, especially developing countries. Transnational investment activities bring about the needed capital and technology to the host states, but they may also give rise to sustainable development concerns, such as environmental and labour rights concerns. To many developing countries, such concerns could be particularly profound.
A proliferation of regional trade agreements (RTAs) has been witnessed across the world but also in the Asia-Pacific region, which has contributed to its trade-driven growth. Indeed, over the last three decades, the Asia-Pacific region has experienced export-oriented development, with economic growth closely linked to a reduction in poverty levels. This has increasingly occurred through improved integration into regional and global value and supply chains, which has been central to Asian growth.
Strategies for SDG National Reporting: A Review of Current Approaches and Key Considerations for Government Reporting on the UN Sustainable Development Goals
The UN Sustainable Development Goals (SDGs), adopted in 2015, are a historic commitment to take on the world’s most pressing and intractable problems. Through the SDGs, 193 UN Member States have agreed to address poverty, hunger, climate change, gender equity, and other global issues and to make major progress by the year 2030. National governments are now developing plans to address their countries’ own priorities in the context of this major global effort.
Achieving the SDGs with National Reporting Platforms: Lessons Learned from the SDG National Reporting Initiative
Publishing and disseminating data and statistics on the SDG indicators - referred to as SDG reporting - can be a valuable tool to help national governments achieve their goals by enabling policymakers to understand where their country stands in relation to the SDG targets, and how far they still need to go. Government officials can use this data to adjust their country’s development strategies, inform the distribution of resources, and engage stakeholders around specific goals.