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Africa: Massive Investment and Financial Reform Needed to Rescue SDGs

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Financing for sustainable development is at a crossroads and without urgent investment, global efforts to achieve a more just and equitable world by 2030 will fail, the UN deputy chief warned on Tuesday.

World leaders adopted the 17 SDGs nearly a decade ago and they include ending extreme poverty and hunger, ensuring availability to clean water and sanitation, and reducing inequality within and among countries."At our current rates, we estimate some 600 million people will still be living in extreme poverty beyond 2030. And as the report shows, finance is the crux of the problem," Ms. Mohammed said, speaking at UN Headquarters in New York.

over the last 25 years, from over six per cent before the global financial crisis more than 15 years ago to around four per cent today.There was a problem processing your submission. Please try again later. In this regard, donors also need to make good on commitments on Official Development Assistance and climate finance.Finally, world leaders must close"credibility gaps" and trust deficits. This is especially the case for wealthier nations, which have made promises on global governance reform, aid delivery, and domestic reforms to tackle corruption and inequality, including gender inequality.," stressing that"failure is not an option.

 

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