By J Nastranis
NEW YORK (IDN) – Since the adoption of the Addis Ababa Action Agenda in 2015, significant efforts have been undertaken to mobilise funds for effectively pursuing Sustainable Development Goals (SDGs). Estimates suggest that low and lower-middle income countries around the world may need sizeable additional investment running into trillions of dollars yearly for moving ahead towards these ambitious goals.
With a view to supporting countries in their efforts, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has been organising broad-based high-level consultations on Financing for Development (FfD) since 2014. It has reconstituted its intergovernmental Committee on Macroeconomic Policy, Poverty Reduction and Financing for Development.