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Development Co-operation Directorate

Global Outlook on Financing for Sustainable Development 2019

Time to Face the Challenge

Published on November 12, 2018

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The financing for sustainable development agenda promises to bring together more actors than ever before – from businesses, governments, philanthropists, and remitting households – to address the world’s most pressing problems and achieve the Sustainable Development Goals.

Yet, in spite of this promise, the financing for sustainable development gap is growing. While needs continue to increase, resources available to developing countries have been constrained and in some cases even declining, as illustrated by the recent drop in foreign direct investments. New financial instruments and interactions have yet to mobilise much-needed new resources in sufficient volumes. And despite significant advances, we do not yet fully understand the opportunities and risks faced by the various actors in this complex new global financing system.

This report sounds a wake-up call. To fulfil the commitments of the 2030 Agenda, and lift hundreds of millions of people out of extreme poverty, the international community needs to maximise the development footprint of existing and future resources, thereby “shifting the trillions” towards the SDGs. The first in a series, this report charts a forward path for the changes required in measurement, policies, and operations to achieve these ambitious objectives.

SUMMARIESavailable in 26 languages

English Global Outlook on Financing for Sustainable Development 2019 (Summary in English)
French Global Outlook on Financing for Sustainable Development 2019 (Summary in French) Perspectives mondiales du financement du développement durable 2019
Spanish Global Outlook on Financing for Sustainable Development 2019 (Summary in Spanish) Perspectivas generales sobre el financiamiento para el desarrollo sostenible 2019
German Global Outlook on Financing for Sustainable Development 2019 (Summary in German) Globaler Ausblick zur nachhaltigen Entwicklungsfinanzierung 2019
Japanese Global Outlook on Financing for Sustainable Development 2019 (Summary in Japanese) 持続可能な開発のための資金に関するグローバルアウトルック2019
Italian Global Outlook on Financing for Sustainable Development 2019 (Summary in Italian) Prospettive globali sul finanziamento dello sviluppo sostenibile 2019
Chinese Global Outlook on Financing for Sustainable Development 2019 (Summary in Chinese) 2019 全球可持续发展融资展望
Czech Global Outlook on Financing for Sustainable Development 2019 (Summary in Czech) Globální výhled týkající se financování udržitelného rozvoje 2019
Danish Global Outlook on Financing for Sustainable Development 2019 (Summary in Danish) Globale udsigter for finansiering af bæredygtig udvikling 2019
Dutch Global Outlook on Financing for Sustainable Development 2019 (Summary in Dutch) Internationale Vooruitzichten over de financiering van duurzame ontwikkeling 2019
Estonian Global Outlook on Financing for Sustainable Development 2019 (Summary in Estonian) Globaalne ülevaade jätkusuutliku arengu rahastamise kohta 2019
Finnish Global Outlook on Financing for Sustainable Development 2019 (Summary in Finnish) Kestävän kehityksen maailmanlaajuinen rahoituskatsaus 2019
Greek Global Outlook on Financing for Sustainable Development 2019 (Summary in Greek) Παγκόσμιες προοπτικές για τη χρηματοδότηση της βιώσιμης ανάπτυξης 2019
Hebrew Global Outlook on Financing for Sustainable Development 2019 (Summary in Hebrew) סקירה גלובלית בנושא מימון עבור פיתוח בר-קיימא
Hungarian Global Outlook on Financing for Sustainable Development 2019 (Summary in Hungarian) A fenntartható fejlődés finanszírozására vonatkozó globális kilátások 2019
Icelandic Global Outlook on Financing for Sustainable Development 2019 (Summary in Icelandic) Almennar horfur í fjármögnun sjálfbærrar þróunar 2019
Korean Global Outlook on Financing for Sustainable Development 2019 (Summary in Korean) 2019 지속가능한 개발의 파이낸싱에 대한 글로벌 전망
Latvian Global Outlook on Financing for Sustainable Development 2019 (Summary in Latvian) Vispārējs apskats par ilgtspējīgas attīstības finansēšanu 2019
Norwegian Global Outlook on Financing for Sustainable Development 2019 (Summary in Norwegian) Global rapport om finansiering av bærekraftig utvikling 2019
Polish Global Outlook on Financing for Sustainable Development 2019 (Summary in Polish) Światowy przegląd finansowania zrównoważonego rozwoju 2019
Portuguese Global Outlook on Financing for Sustainable Development 2019 (Summary in Portuguese) Perspetivas Globais sobre o Financiamento para um Desenvolvimento sustentável 2019
Russian Global Outlook on Financing for Sustainable Development 2019 (Summary in Russian) Глобальные перспективы финансирования устойчивого развития 2019
Slovak Global Outlook on Financing for Sustainable Development 2019 (Summary in Slovak) Globálny výhľad financovania trvalo udržateľného rozvoja 2019
Slovene Global Outlook on Financing for Sustainable Development 2019 (Summary in Slovenian) Globalni pogled na financiranje za trajnostni razvoj 2019
Swedish Global Outlook on Financing for Sustainable Development 2019 (Summary in Swedish) Global översikt över finansiering för hållbar utveckling 2019
Turkish Global Outlook on Financing for Sustainable Development 2019 (Summary in Turkish) Sürdürülebilir Kalkınmanın Finansmanı Hakkında Küresel Görünüm 2019
 
 

PRESS RELEASE AND HIGHLIGHTS


LAUNCH

Global Outlook on Financing for Sustainable Development was launched on Monday November 12 at the Paris Peace Forum by Jorge Moreira da Silva, Director, Development Co-operation, OECD and Rémy Rioux, Chairperson, International Development Finance Club (IDFC) and CEO, Agence Française de Développement (AFD).


KEY MESSAGES

‌   
  • Financing the Sustainable Development Goals (SDGs) in developing countries is a major challenge. 
  • Three years after the Addis Ababa Action Agenda (AAAA) in 2015 called on all actors –public and private-- to coordinate better and mobilise more financial resources, the outlook is not encouraging: external finance --which many developing countries continue to depend on heavily-- has been going down, largely due to the drop in private flows, and coordination remains poor. 
  • The trend must be reversed: financing the sustainable development of poor countries is an investment in the well-being of all nations. OECD countries must face the challenge: urgent and bold action is needed to implement the AAAA with their partners and fulfil the promise of Agenda 2030 at home and abroad. 
  • Mobilising more finance for developing countries is not enough; the quality – i.e. the “sustainable development footprint”– of all finance must be enhanced. 
  • The Outlook makes recommendations for reforms in three areas: 

1) better measurement of the quantity and quality of finance for the SDGs;
2) better incentives to direct the finance already available globally to the SDGs; and
3) better co-ordination of actors to connect the supply and demand for financing for sustainable development in developing countries.

 

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