Download - Sustainable Development Goals (SDGs)
THE KEYS TO SUSTAINABLE DEVELOPMENT
The Sustainable Development Goals (SDGs)
Image from unep.org
The Sustainable Development Goals (SDGs)
Source: United Nations (SDGs Website: https://sustainabledevelopment.un.org/?menu=1300)
The Sustainable Development Goals in 2030
Adopted in September 2015 at the end of the MDGs, the SDGs are the goals to sustainable
development.
The SDGs allow for the broadening and deepening of the meaning of development.
They represent:•A new way of thinking•The complex nature of the problems faced around the
world•The value for human life (a better world for future
generations)•Meeting the needs of the present without compromising
the ability of future generations to meet their own needs.
•Shared responsibility and Solidarity•The need to work as a global community•Taking better care of our home (Earth) and the people
who occupy it.
The Importance of Development• Economic Growth• National Wealth• Human Development (measured by life
expectancy, adult literacy, and access to education, in addition to average income levels)
• Economic Security-(Access to clean air & safe drinking water)
• Freedom of Speech• Freedom of Choice• Food Security• Political Freedom• Easy Access to Social Services
– Health– Education (all three levels) – Communication– Transportation
Recipe for Successful SDGs
Working together as a Community
Public-Private Partnership
for development
needs
The scientific and academic
community working in
synergy
The Financial Resources (The provisions and
management of funds)
You and Me
The Key Players and Challenges
• The IMF• The World Bank• OECD Institutions• Multilateral
Development banks• Private Philanthropy• Public Sector• Domestic Institutions
Key Player
s
• Insufficient Resources• Remittances• Top-Down Process• Ineffective Domestic
Resource Mobilization• Ineffective private
finance mobilization• Public and Private
Sector Partnership
Challenges Faced
Achieving Effective Public FinanceDomestic Resource
Mobilization (DMR)
The largest source of funding generated within the country. •(personal income tax, corporate and business-related taxes, and public revenue streams and debt management strategies)
Illicit Financial Flows is one of the main issues relating to
DRM. Others include weak tax
administration & tax policy.
International Public Finance
Official Development Assistance (ODA)•(Is concessional in nature and is provided to finance development agenda in low and middle income countries)ODA, FDI, Capital Market and Grants
are a few of the sources of finance
for developing countries
The Role of the Private Sector
Drivers of Private Finance
Investment opportunities based on risk/return consideration
High returns and diversification
MDBs and IMF are key
supporters of private
developmentThey are essential in providing •Policy Guidance (Administration and Reform)
•Technical Assistance•Capacity Building
These institutions aim to build strong macroeconomic and
investment climate, mobilize and crowd in private investment.
ODA financing can be used to leverage billions of dollars in private finance and increase
private sector participation in development ventures.
Sources of Private Finance
Achieving the SDGs
Require Innovative and Smart
Financing
• Foreign Direct Investment (FDI)
• International Portfolio Investment
• Bank Loans• Concessional
Loans• Capital Markets • Domestic
Financial Markets
• Private Transfers
• Private Philanthropy
Institutional Investors consist of
“Commercial & Public Finance”
Sovereign Wealth Funds
Public and Private Pension
Funds
University Endowments.
Economic Growth
Know-how and
technology transfer
Job creation
Productivity Gains
Private Investment Underpins
Other Key Methods of Finance
Blended Finance - Combines public sector’s social return
objectives and private sector’s financial return objectives
through risk mitigation by the public sector in a manner that induces the private sector to
participate.
Commercial Finance - Commercial finance is a
source of public finance with the same risk/return
objectives as the private sector.
The Importance of the SDGs
Achieving the SDGs can attain higher
levels of economic development and
growth.
Gross Domestic Product (GDP) can be
a weak indictor of the full
developmental potential of an
economy.
Slow economic development can
stagnate economic growth
Different countries have different development
priorities
Aim of the SDGs
End all forms of Poverty
Transforming all Lives
Protecting the Planet
Where to Now….2030?The SDGs will pick up
where the MDGs left off.
The financial resources needed to achieve the
SDGs will surpass current development
financial flows
Each country will be responsible for its own
development
The international community will
provide the necessary funding and support
Financial resources will be used optimally
Let’s All Work Towards Achieving Sustainable Development