Five years from the 2030 deadline for the Sustainable Development Goals, we face a development crisis. Our collective ambition to eradicate poverty and hunger, combat catastrophic climate change, and achieve a sustainable future for all is at serious risk.
The SDG financing gap has widened dramatically and is estimated at more than $4 trillion per year. This was before recent global setbacks: declining aid, escalating trade barriers, and a deteriorating economic outlook.
The primary source of this crisis is a lack of long-term financing and investment.