Multilateral development banks and IMF launch joint report on SDG financing

Out-Law News | 17 Dec 2020 | 5:41 am |

The International Monetary Fund (IMF) and 12 multilateral development banks (MDBs) have reported on how countries have been financing and meeting the United Nations' sustainable development goals (SDGs).

The report highlights examples of initiatives which “mobilise finance, create knowledge, and build capacity” to meet the 17 SDGs. It shows how financing helps meet SDGs.

The SDGs , or Global Goals, were adopted by all United Nations member states in 2015 to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by 2030.

Kanyi Lui from Pinsent Masons, the law firm behind Out-Law, said, "COVID-19 has presented an unprecedented additional challenge, but by focusing on the SDGs and green and sustainable infrastructure as part of the recovery, the pandemic can also be a key turning point for the world."