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- ONU: La “gran división en el financiamiento” en medio de la COVID-19 implica un importante retroceso para el desarrollo sostenible ( PDF)
- ONU : « Le grand fossé financier » en plein COVID-19 constitue un revers significatif pour le développement durable ( PDF)
- Vereinte Nationen: “Große Finanzkluft” inmitten der Corona-Krise bedeutet schweren Rückschlag für nachhaltige Entwicklung ( PDF)
- م كت م األمي العام*: تمويل التنمية المستدامة (E/FFDF/2022/2)
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- Note by the Secretary-General: Financing for Sustainable Development (E/FFDF/2022/2)
- Note du Secrétaire général: Financement du développement durable (E/FFDF/2022/2)
- Записка Генерального секретаря: Финансирование устойчивого развития (E/FFDF/2022/2)
- Nota del Secretario General: Financiación para el desarrollo sostenible (E/FFDF/2022/2)
Data update following release of 2021 ODA data (22 April 2022):
Developing countries still have to regain lost ground from the COVID-19 pandemic. The pandemic has put more countries at risk of debt distress, constrained their fiscal space and hampered economic growth. The war in Ukraine is exacerbating all these challenges. In this context, the 2022 Financing for Sustainable Development Report identifies a “great finance divide” – the inability of poorer countries to raise sufficient resources and borrow affordably for investment.
The great finance divide leaves developing countries unable to respond to crises and invest in sustainable development. On average, developed countries use 3.5 per cent of revenue to pay interest on their debt, versus 14 per cent of revenue for the least developed countries. About 60 per cent of LDCs and other low-income countries are now assessed at a high risk of or in debt distress, double the 30 per cent in 2015. The Ukraine conflict is compounding stresses, through higher energy and commodity prices, renewed supply chain disruptions, higher inflation coupled with lower growth, and increased volatility in financial markets.
The 2022 FSDR recommends three sets of actions that can help to make progress in bridging the finance divide. First, the report calls for urgent measures to address financing gaps, rising costs of borrowing and heightened debt risks. There is a need to increase public financing for investment in public policy priorities and effectively spend mobilized resources on the SDGs and productive investment. The international community should work to reduce borrowing costs and volatility from commercial sources; and address debt overhangs to reduce debt burdens.
Beyond urgent actions, all financing flows must be aligned with sustainable development. We must address climate change and inequalities head on to preserve economic prospects. Finally, enhanced transparency and a more complete information ecosystem will strengthen the ability of countries to manage risks and use resources well and in line with sustainable development.
- Overview and Key Messages
- Chapter I: The global economic context and its implications for the Sustainable Development Goals
- Chapter II: Overcoming the “great finance divide”
- Chapter III.A: Domestic public resources
- Chapter III.B: Domestic and international private business and finance
- Chapter III.C: International development cooperation
- Chapter III.D: International trade as an engine for development
- Chapter III.E: Debt and debt sustainability
- Chapter III.F: Addressing systemic issues
- Chapter III.G: Science, technology, innovation and capacity-building
- Chapter IV: Data, monitoring and follow-up
The 2022 Financing for Sustainable Development Report: Bridging the Finance Divide identifies a “great finance divide” – the inability of poorer countries to raise sufficient resources and borrow affordably for investment. This contributed to developing countries being unable to respond to the COVID-19 pandemic and will hold them back from responding to new crises and investing in sustainable development. Developing countries need reliable and affordable financing to invest in the Sustainable Development Goals (SDGs).