Trends in official development assistance: Financing sustainable development

In September 2015 world leaders gathered at the United Nations Sustainable Development Summit adopted the Sustainable Development Goals (SDGs), a set of 17 goals and 169 targets to end poverty, fight inequality and injustice, and tackle climate change by the year 2030. These global goals build on the Millennium Development Goals (MDGs), the eight targets committed to by the international community in 2000 to make strides in the fight against poverty, lack of access to education, inequality and injustice, by 2015. But who finances the SDGs?

Financing of development will prove to be a critical ‘means of implementation’ for the SDGs. For India, in particular, financing is inevitably at the core of its concerns even as it evolves a consultative framework to implement the SDGs. Financing is also a priority area in the discussions at the Conference of Parties to the Framework Convention on Climate Change, and was similarly placed within the contours of the SDGs’ predecessor, the MDGs.

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Vivan Sharan