The 2019 Financing for Sustainable Development Report of the Inter-agency Task Force on Financing for Development – launched today in advance of the 2019 ECOSOC Forum on Financing for Development.
The report warns that unless national and international financial systems are revamped, the world’s governments will fail to implement the 2030 Agenda for Sustainable Development and achieve the Sustainable Development Goals.
To access the full report, policy recommendations and comprehensive and data-rich monitoring of progress, visit:
In the 2019 Financing for Sustainable Development Report, the Task Force finds some good news: investment has gained strength in some countries and interest in sustainable investing is growing, with 75 per cent of individual investors showing interest in how their investments affect the world. And yet, greenhouse gas emissions grew 1.3 per cent in 2017; investment in many countries is falling; and 30 developing countries are now at high risk or already in debt distress. At the same time, global growth is expected to have peaked at around 3 per cent.
Changing the current trajectory in financing sustainable development is not just about raising additional investment, says the report. Achieving global goals depends on supportive financial systems, and conducive global and national policy environments. The Task Force recommends concrete steps to revamp the global institutional architecture and make the global economy and global finance more sustainable, and also introduces integrated national financing frameworks as a tool for countries to align financing policies with national strategies and priorities.
The 2019 FSDR is the fourth report on implementing the Financing for Development outcomes and the means of implementation of the Sustainable Development Goals since the adoption of the 2030 Agenda for Sustainable Development and the Addis Ababa Action Agenda. The assessment draws on the expertise, analysis and data from more than 60 agencies and international institutions that make up the Task Force, which is led by UN DESA and includes the World Bank Group, the International Monetary Fund and the World Trade Organisation, as well as UN agencies such as UNCTAD and UNDP.
We hope you will read the report and make use of the full depth of data and analysis contained in the online annex at: http://developmentfinance.un.org