UN chief: 5-7 trillion USD investments needed each year to implement SDGs

Source: Xinhua| 2018-09-25 05:23:51|Editor: yan
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UNITED NATIONS, Sept. 24 (Xinhua) -- United Nations Secretary-General Antonio Guterres said Monday that globally, investments of 5-7 trillion U.S. dollars are needed each year to implement the 2030 Sustainable Development Goals (SDGs).

Addressing the High-Level Meeting on Financing the 2030 Agenda for Sustainable Development, the UN chief said that "our efforts to achieve the Sustainable Development Goals will require a surge in financing and investments."

"Our efforts today are about more than mobilizing resources. At heart, they are about ensuring that the ambitious 2030 Agenda delivers for people and planet," said the secretary-general.

"This is no easy task. The financing needs of the 2030 Agenda are immense," he added.

Noting that "some progress" in mobilizing resources has been made, the UN chief said that "more is needed. Much more."

"Today, more funds are committed to futures contracts, than are invested in our common contract for the future -- the 2030 Agenda," he said.

The high-level meeting discussed opportunities to increase both the level and the quality of investments in the SDGs.

The meeting was part of a longer-term effort by the secretary-general to finance and mobilize efforts to achieve the SDGs to drive global growth and sustainable development, generating trillions of dollars in investment opportunities.