• Gustavo Bernal Torres

OECD's Global Outlook on Financing Sustainable Development 2021

  • In 2020, external financing to developing countries is estimated to drop by $700 billion, increasing the annual SDG financing gap by 1.7 trillion dollars, or 70%.

  • The OECD calls for collective action to address both the short-term collapse in resources of developing countries as well as long-term strategies to build back better following the outbreak of the COVID-19 pandemic.

  • The report demonstrates that progress to leave no one behind has since reversed, and the international community faces unprecedented challenges to implement the holistic financing strategy set out in the Addis Ababa Action Agenda (AAAA).

Source: http://www.oecd.org/development/global-outlook-on-financing-for-sustainable-development-2021-e3c30a9a-en.htm

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