Funding Needs for UN’s 2030 Development Agenda

CIVICUS Research Partners Workshop on Civic Space Monitor Vol. 2
June 15, 2017
CIVICUS Research Partners Workshop on Civic Space Monitor Vol. 2
June 15, 2017

As the UN assesses the implementation of its 2030 Agenda for Development, including its 17 Sustainable Development Goals (SDGs), the estimated funding needs keep skyrocketing—from the initial millions and billions to trillions of dollars annually. According to the President of the General Assembly, SDG financing, including the eradication of extreme poverty by 2030, is going to cost about $6 trillion annually —and then to a hefty $30 trillion through 2030. At the same time, the Addis Ababa Action Agenda, which outlines the implementation of the 17 SDGs, points to an infrastructure gap of some $1 trillion to $1.5 trillion annually in developing countries, while estimates of the global gap generally range from $3 trillion to $5 trillion annually. But the international community—and specifically the least developed and developing countries—is unlikely to succeed in raising the funds needed to achieve the UN’s ambitious goals, including lifting some 550 million people out of poverty. More information is available here.

Source: Global Policy Watch

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