At the midpoint of the 2030 Agenda, all of the SDGs are seriously off track. From 2015 to 2019, the world made some progress on the SDGs, although this was already vastly insufficient to achieve the goals. Since the outbreak of the pandemic in 2020 and other simultaneous crises, SDG progress has stalled globally. In most high-income countries (HICs), automatic stabilizers, emergency expenditure, and recovery plans mitigated the impacts of these multiple crises on socioeconomic outcomes.
This year’s report highlights six priorities to reform the complex system of public and private finance that channels the world’s savings to its investments – what is known as the Global Financial Architecture:
1. Greatly increase funding to national and subnational governments and private businesses, especially in LICs and LMICs, to carry out needed SDG investments.
2. Revise the credit rating system and debt sustainability metrics to facilitate long-term sustainable development.
3. Revise liquidity structures for LICs and LMICs, especially regarding sovereign debts, to forestall self-fulfilling banking and balance-of-payments crises;
4. Create ambitious, internationally-agreed upon criteria for sustainable finance that are mandatory for all public financial institutions.
5. Align private business investment flows with the SDGs, through improved national planning, regulation, reporting, and oversight.
6. Reform current institutional frameworks and develop new mechanisms to improve the quality and speed of deployment of international cooperation, and monitor progress in an open and timely manner.
The Sustainable Development Report (formerly the SDG Index & Dashboards) is a global assessment of countries' progress towards achieving the Sustainable Development Goals produced by the Sustainable Development Solutions Network (SDSN). It is a complement to the official SDG indicators and the voluntary national reviews. All data presented on this website are based on the publication Sachs, J.D., Lafortune, G., Fuller, G., Drumm, E. (2023). Implementing the SDG Stimulus. Sustainable Development Report 2023. Paris: SDSN, Dublin: Dublin University Press, 2023. 10.25546/102924.