Let’s note that prior to the adoption of the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs), the Heads of State and Government and High Representatives thought of the resources needed to meet them. Gathered in Addis Ababa in July 2015, at the the Third International Conference on Financing for Development, they released the AAAA (Addis Ababa Action Agenda) which is all about financing the post-2015 development agenda including SDGs.
We have gone through the AAAA for you! Here are some key takeaways.
The inescapable requirements for SDGs achievement include an equally ambitious, comprehensive, holistic and transformative approach with respect to the means of implementation, combining different means of implementation and integrating the economic, social and environmental dimensions of sustainable development. Then, there is a need to take actions which can address critical gaps relevant to the post-2015 development agenda, including the sustainable development goals, with an aim to harness their considerable synergies, so that implementation of one will contribute to the progress of others. Overall, no significant progress cannot be made without effective, accountable and inclusive institutions, sound policies and good governance at all levels.
On the road to meeting the post-2015 development agenda, including sustainable development goals, the following deserve attention:
- Social protection and essential public services for all
- Efforts to end hunger and malnutrition
- New forum to bridge the infrastructure gap
- Inclusive and sustainable industrialization
- Full and productive employment and decent work for all and promoting micro, small and medium-sized enterprises
- Protection of our ecosystems for all
- Promotion of peaceful and inclusive societies
Main question: How are all above, going to be financed?
The Resources explored are as follow:
- Domestic resources including both domestic public resources and domestic private business & finance
- International private business and finance
- International development cooperation
- Sustainable debt
In addition, it is important to work on guarantying systemic issues management as well as Science, technology, innovation and capacity-building.
Based on all above, one thing is free of doubts: we need the mobilization of all actors and all possible resources if we are to make the world a place of prosperity, social inclusion, environmental sustainability and peace. For instance, to bridge the infrastructure gap necessary to achieve many of the goals, it was estimated in the adopted AAAA Resolution, an annual need of $1 trillion to $1.5 trillion in developing countries.
Interested in getting to know more about financing the SDGs? We are happy to encourage you to check out the full AAAA Resolution adopted by the General Assembly on 27 July 2015, here.
Your comments here, are very welcome!
By Delphine Anglo