U.N. Targets Trillions of Dollars to Implement Sustainable Development Agenda

Wednesday, August 5, 2015

After more than two years of intense negotiations, the U.N.’s 193 member states have unanimously agreed on a new Sustainable Development Agenda (SDA) with 17 goals — including the elimination of extreme poverty and hunger — to be reached by 2030.

At a press briefing Monday, Ambassador Macharia Kamau of Kenya, one of the co-facilitators of the intergovernmental consultative process, told reporters the implementation of the agenda could cost a staggering 3.5 trillion to 5.0 trillion dollars per year.

This looks like “an astronomical figure”, he said, compared with the hundreds of billions of dollars – not trillions – the United Nations has been traditionally seeking for development aid.

“It is ambitious, but not unattainable,” he said, and could come mostly from domestic resources, both public and private.

“All countries have to rise to the occasion,” he said, adding that it was imperative for the business sector to get on board.

Still, the U.N. Under-Secretary-General for Economic and Social Affairs Wu Hongbo of China struck a more cautious note when he told reporters “it will be very difficult to give specific figures.”

But all 193 member states, he said, are expected to mobilise domestic sources to help attain the 17 Sustainable Development Goals (SDGs). https://sustainabledevelopment.un.org/post2015

Source: Inter Press Service (link opens in a new window)

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