Jeffrey D. Sachs

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Financing for Sustainable Development in Vulnerable Countries

After two years of the pandemic, and in the midst of multiple international crises, progress on the Sustainable Development Goals (SDGs) is at risk globally. Achieving the SDGs requires significant investments on human capital, physical infrastructure, and environmental protection. Nevertheless, many countries in the world still struggle to mobilize the financing needed to achieve the SDGs.

This event brought together government and United Nations (UN) officials, as well as representatives of International Financial Institutions (IFIs), civil society and academia, to discuss the issue of financing to take concrete actions for the SDGs. The UN Resident Coordinator of Samoa and SDSN debated on the role of public expenditure for achieving the #SDGs and on the relevance of measuring the scale of financing that countries need to achieve the goals set out in the 2030 Agenda. Representatives of Multilateral Development Banks (MDBs) and other international organizations engaged in a conversation on how they can help expand financing for the SDGs, while government officials shared their experience on the use of innovative financing mechanisms such as SDG bonds and blue bonds. The role of private finance in promoting sustainable development was also discussed.

Prof. Sachs’ intervention begins at 25:00.