With exogenous shocks, including pandemics and climaterelated disasters, leading to a surge in costs to promote an inclusive, sustainable and resilient development pathway, in the preceding chapter, it is made clear that traditional sources of finance in countries with special needs are proving to be inadequate in financing the SDGs and recovering from the adverse consequences of COVID-19. Collective efforts, including financing availability, coming from both the public and the private sectors, have proved to be crucial in addressing the socioeconomic challenges surfaced and deepened by the pandemic. It has become imperative that countries with special needs explore and use innovative financing instruments that involve using information technology, promoting engagement with different stakeholders across sectors and leveraging public and private capital in bridging the financing gaps that have emerged while coping with COVID-19 and striving to achieve the SDGs.

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