By Paul Horrocks, Priscilla Boiardi and Valentina Bellesi, OECD Development Co-operation Directorate
This blog is part of the upcoming OECD Private Finance for Sustainable Development Conference that will take place on 29 January 2020
Back in 2015, the international community committed to a shared global vision towards sustainable development – the 2030 Agenda – including 17 Sustainable Development Goals (SDGs).
The Goals identify the areas in which resources are most needed. But with the realisation that meeting the Goals by 2030 would require filling an annual financing gap of 2.5 trillion dollars, the Addis Ababa Action Agenda (AAAA) called upon a broader mobilisation of resources, including private ones.
Five years on, progress remains slow and uneven.
Three critical questions emerge from this context: How can we drive more resources towards the Goals? How can we make sure they are going where they are needed most?
And are they being used in the most effective way?
In order to guide the answers to those questions, we propose a three-step approach: Mobilisation, Alignment and Impact. Continue reading