Investing in the Sustainable Development Goals: Mobilization, channeling, and impact

Global investment in the Sustainable Development Goals (SDGs) is falling short of the target to close the $2.5 trillion annual financing gap for developing countries. The COVID-19 shock has exacerbated existing constraints for the SDGs and may undo the progress made in he last 6 years in SDG investm...

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Bibliographic Details
Published inJournal of International Business Policy Vol. 4; no. 1; pp. 166 - 183
Main Authors Zhan, James X., Santos-Paulino, Amelia U.
Format Journal Article
LanguageEnglish
Published London Palgrave Macmillan UK 01.03.2021
Palgrave Macmillan
Subjects
Business and Management
Business Strategy/Leadership
Commentary
Coronaviruses
COVID-19
Developing countries
Economic crisis
Emerging Markets/Globalization
Financing
Global trends
Health promotion
International Business
Investment policy
Investments
LDCs
Mainstreaming
Mobilization
Private sector
Sustainability
Sustainable development
ESG
sustainable finance
investment
SDGs
investment policy framework
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Summary:Global investment in the Sustainable Development Goals (SDGs) is falling short of the target to close the $2.5 trillion annual financing gap for developing countries. The COVID-19 shock has exacerbated existing constraints for the SDGs and may undo the progress made in he last 6 years in SDG investment. This poses a risk to delivering on the 2030 Agenda for Sustainable Development. This paper assesses the global trends in both investing in and financing the SDGs, including the myriad of financing instruments launched to respond to the COVID-19 health crisis and its economic and social impacts. It analyses the main challenges for mobilizing funds, channeling investment into SDG sectors, and maximizing positive impact, as well as regulatory dilemmas in promoting SDG investment. The article then elaborates on a set of policy measures for accelerating investment in the SDGs, including four principles for guiding private sector investment, mainstreaming the SDGs into national and international investment policies and promotion strategies, harnessing financial instruments for sustainable development, building special SDGs model zones, and promoting better ESG standards, compliance, and reporting.
ISSN:2522-0691
2522-0705
DOI:10.1057/s42214-020-00093-3