Partnerships for the Goals
Multidimensional Vulnerability and Sovereign Debt
Aug 2022
Working Paper
Lack of fiscal space and the risk of sovereign debt distress remain key stumbling blocks to achieving Sustainable Development Goals (SDGs) in developing countries. Because the allocation of concessional funds and debt relief is essentially reserved to Low Income countries (LICs), official financing strategies and mechanisms to support developing countries provide insufficient support to non-LICs that may need and deserve special consideration concerning official financing. This paper discusses how official financial support allocation could consider countries’ vulnerabilities in critical dimensions, with special reference to Small Island Developing States (SIDS). It explores how a multidimensional vulnerability indexes (MVI) could be used to expand the access of vulnerable countries to official financing, including concessional financing, and facilitate constructive debt restructuring when they need it.
全球数字契约——人人开放、自由和安全的数字未来
May 2023
Working Paper
本简报建议制定一项《全球数字契约》,为推进开放、自由、安全、以人为本的数字未来制定原则、目标和行动,这种未来以普遍人权为基础,使实现可持续发展目标成为可能。简报概述了迫切需要多利益攸关方数字合作的领域,并阐述了《全球数字契约》如何通过提供包容性的全球框架,促进实现纪念联合国成立七十五周年宣言(大会第75/1 号决议)中关于“勾画数字合作共同愿景” 的承诺。这样一个框架至关重要,以采取多利益攸关方行动来克服数字、数据和创新鸿沟,并实现可持续数字未来所需的治理。
إضفاء القيمة على الأشياء ذات الأهمية: إطار عمل لتجاوز الناتج المحلي الإجمالي
May 2023
Working Paper
وقد أقُرَّ في خطة التنمية المستدامة لعام 2030 وفي تقريري المعنون “خطتنا المشتركة” بوجود مفارقة ضارة في صلب عملية صوغ السياسات على الصعيد العالمي، وهي أن نماذجنا ومقاييسنا الاقتصادية تتجاهل العديد من الجوانب التي تحافظ على الحياة وتسهم في رفاه الإنسان، وتمعن في الوقت ذاته وعلى نحو غير سليم في إضفاء قيمة مفرطة على الأنشطة التي تستنزف الكوكب. والقصد من وراء المقترحات المعروضة في هذا الموجز السياساتي ليس هو الاستعاضة عن الناتج المحلي الإجمالي وإنما هو رسم مسار لوضع مقاييس تكميلية تركز تركيزا أكمل على الجوانب التي تنطوي على أهمية بالنسبة إلى الناس والكوكب والمستقبل.
Un Pacte numérique mondial – un avenir numérique ouvert, libre et sûr pour tout le monde
May 2023
Working Paper
La présente note porte sur l’établissement d’un Pacte numérique mondial qui définirait des prin¬cipes, des objectifs et des actions visant à promou¬voir un avenir numérique ouvert, libre, sûr et centré sur l’être humain, ancré dans les droits humains universels et permettant d’atteindre les objectifs de développement durable. Elle indique les domaines dans lesquels il importe d’établir une coopéra¬tion multipartite dans le domaine du numérique et expose en quoi un Pacte numérique mondial peut aider à concrétiser l’engagement pris dans la dé¬claration faite à l’occasion de la célébration du soixante-quinzième anniversaire de l’Organisation des Nations Unies (résolution 75/1 de l’Assemblée générale), à savoir élaborer « une vision commune en ce qui concerne la coopération numérique » au moyen d’un cadre mondial inclusif. Un tel cadre est essentiel pour que l’on puisse mener une action multipartite et combler les fossés existant dans les domaines du numérique, des données et de l’innovation, et mettre en place une gouvernance indispensable à un avenir numérique durable.
青年有意义地参与政策制定和决策过程
Apr 2023
Working Paper
当今世界拥有实现《2030年可持续发展议 程》承诺所需的知识和资源。但是,如果没有 广泛行为体的支持和贡献,以所需的规模实 现转型性变革是根本不可能的。对于生活在 当今世界中的12亿青年人来说尤其如此。青年是找到新解决办法、确保实现我们世界 所迫切需要的突破的关键。作为地球未来 的守护者,如果社会变得更加不安全和不平 等,如果地球三大危机继续有增无减,他们 也将遭受最大的损失。近年来,青年人通过 社会动员成为社会变革的推动力,包括推动 气候行动、寻求种族正义、促进性别平等和 要求人人享有尊严。青年人在商业、技术和 科学等众多领域推动创新变革的例子也不胜 枚举。
Ценим то, что имеет значение: основа для достижения прогресса за пределами валового внутреннего продукта
May 2023
Working Paper
В Повестке дня в области устойчивого развития на период до 2030 года и в «Нашей общей повестке дня» отмечается, что в основе глобального формирования политики лежит вредный анахронизм, который заключается в том, что в наших экономических моделях и параметрах упускаются из виду многие аспекты, поддерживающие жизнь и способствующие обеспечению благосостояния людей, и в то же время придается аномально и несоразмерно высокая значимость деятельности, истощающей планету. Цель предложений, представленных в настоящей концептуальной записке, состоит не в том, чтобы заменить валовой внутренний продукт, а в том, чтобы наметить путь к разработке дополнительных показателей, которые в более полной мере учитывают то, что важно для людей, для планеты и для будущего.
The Human Cost of Inaction: Poverty, Social Protection and Debt Servicing, 2020–2023
Jul 2023
Working Paper
Twenty-five developing economies, the highest number since 2000, spent over 20 percent of their government revenues in 2022 on total external debt servicing. The average low-income country spends about 2.3 times more on interest payments than on social assistance. Due to the economic shocks during 2020-2023, we project that 165 million people fell into poverty using the $3.65-a-day poverty line—the entirety of those living in low- and lower-middle-income economies. A pause in debt payments would allow developing economies weighed down by debt to mitigate some social effects of these shocks, using resources earmarked for debt servicing. This policy brief presents simulations that show that the annual cost of mitigating the additional 165 million poor would reach US$14.24 billion, or 0.009 percent of global GDP and a little less than 4 percent of total public external debt service in 2022—if the income losses among the already poor prior to the shocks are also included, the mitigation cost would reach US$107.11 billion, or 0.065 percent of the world’s GDP and around a fourth of total external public debt service.
Durable Transformation and Structural Changes for Gender Equality Through PFMS and Budgetary Circles
Jun 2023
Working Paper
This paper showcases how a model that uses gender-responsive budgeting as a tool to promote gender equality, developed in the context of the Programme for Consolidating Economic Governance and PFMS in the PALOP-TL countries, Pro PALOP-TL SAI, leads to transformational and structural changes in PFMS and, consequently, results in more gender-equal economies and gender equality in the referenced countries (and could also be applied to other countries or at regional/global levels).
UNDP Debt Update: Development Gives Way to Debt
Feb 2025
Working Paper
UNDP has been tracking debt vulnerabilities across developing economies and the availability and appropriateness of international relief measures. Accompanying UNDP's latest Debt Insights update, this UNDP Development Futures Series policy brief presents a snapshot of the current situation and outlook and discusses the needed international policy priorities. Central debt vulnerability indicators remain highly elevated and have continued to worsen across many countries, thereby intensifying a trade-off between development spending and a high and rising debt service burden, with especially devastating consequences in the poorest of countries. For countries that have restructured debt, economic costs have been substantial due to protracted negotiations pending a more formalized and predictable restructuring regime, and deals have delivered inadequate and uncertain relief. If support for debt relief is not stepped up, the situation could easily morph into longer-term solvency crises in more countries. The Fourth International Conference on Financing for Development (FfD4) this year is an opportunity to tackle debt by focusing on ensuring easier access to an effective debt restructuring process, agreeing to a large-scale debt relief initiative for the poorest countries and on ways to lower the cost of borrowing. If the conference fails to deliver, poor countries could be in for another lost decade of development.
Thematic Bonds and How to Deliver More Sustainable Finance in Developing Economies
Jun 2024
Working Paper
Sustainability-themed bonds are growing in popularity, including among development practitioners who view them as promising instruments in the delivery of more, especially climate, finance in developing economies. This UNDP Development Futures Working Paper provides an overview of the thematic bonds market and a discussion of issuer incentives as well as some of the main challenges related to additionality and credibility. To improve the potential of thematic bonds as a tool for sustainable and equitable development, the paper proposes five features that any official sector-supported model should prioritize. These features aim to deliver substantially lower funding costs for ‘green activities’ and improve market access as well as the credibility of bonds, which include strengthening issuer commitments to ambitious targets and incentives to implement climate-friendly policies. Finally, it is important to recognize the limitations of donor-supported models. High debt burdens in many countries limit the use of debt instruments, and these will compete for limited official sector funds with other, potentially fairer, means of delivering climate finance.
The Integrated Nature of the Sustainable Development Goals as a Lever for Trust, Institutional Resilience and Innovation
Sep 2024
Working Paper
This policy brief explores how Governments can assess competing policy priorities, manage trade-offs and enhance synergies to accelerate the implementation of the 2030 Agenda, drawing from expert contributions to Chapter 2 of the World Public Sector Report 2023: Transforming institutions to achieve the Sustainable Development Goals after the pandemic. Renewed efforts in enhancing policy coherence are required to leverage synergies at different levels and unleash the transformations needed to achieve the SDGs. However, public entities face challenges in identifying and leveraging SDG interdependencies and translating relevant plans into action. The brief highlights actionable ways to support integration and address existing barriers to unlock SDG progress in a way that contributes to building trust, enhancing resilience and advancing innovation.
Policy Choices for Leaving No One Behind (LNOB): Overview From 2023 SDG Summit Commitments
Aug 2024
Working Paper
In the lead up to the 2023 Sustainable Development Goals (SDG) Summit (18-19 September, New York), the Secretary-General urged all Member States and stakeholders to present forward looking commitments to accelerate sustainable development in the coming years. A total of 39 Member States and 1 non-member observer state submitted 141 commitments via the SDG Summit Acceleration and Accountability Platform. This policy brief reviews these national commitments from the 2023 SDG Summit, focusing on how countries are translating the leaving no one behind (LNoB) concept into different policies across various country settings.
Reimagining Financing for the SDGs - From Filling Gaps to Shaping Finance
Jan 2025
Working Paper
The United Nations Sustainable Development Goals are dangerously off track. The prevailing “gap-filling” approach to SDG financing has proven inadequate, failing to deliver the scale, impact or equity required. Global efforts remain fixated on mobilizing additional financing rather than embedding the SDGs at the core of economic and financial systems. Blended finance, often heralded as a silver bullet, has fallen short: public resources dominate blended deals, often de-risking private initiative in lower-risk, lower-impact projects. To redirect this trajectory, the international financing architecture must be reshaped around the SDGs. First, the SDGs must be placed at the centre of economic planning, supported by robust public investment pipelines. These pipelines enable the public sector to guide and strategically mobilize private investment toward high-impact, mission-driven projects. Second, SDG-anchored conditionalities should be embedded across public-private ventures to ensure concessional public finance actively steers investments, rather than merely subsidizing private returns. Third, mechanisms to socialize risks and rewards must be introduced, reinvesting returns to scale transformative SDG financing. Finally, while mobilizing additional financing remains critical, an equally pressing challenge lies in effectively utilizing significant public funds already available in budgets and development bank balance sheets.
SDG Budget Tagging: A proposal to measure SDG Financing
Apr 2024
Working Paper
Sustainable Development Goal (SDG) financing is gaining global interest in the Decade of Action (2020–2030). Without an adequate assessment of the SDG financing flows, government actions can fail to accelerate SDG achievement. This document presents an SDG budget-tagging methodology to measure and strengthen countries’ SDG financing diagnostics. The methodology can be applied to (i) national and subnational budgets; (ii) international development cooperation to strengthen its monitoring; and (iii) identifying potentially eligible projects in private financing strategies. In addition to strengthening SDG financing diagnostics, when accompanied by data visualization tools, SDG budget tagging can strengthen fiscal transparency by communicating government action to the public using the 17 SDGs and inform SDG-oriented budgetary policymaking.
Powering Trade: Fine-tuning Trade Policy for Solar and Wind Energy Value Chains
Oct 2024
Working Paper
This paper examines current tariffs and other trade measures that either support or hinder the global expansion of solar and wind energy technologies. It highlights a persistent historical pattern in supply chains: developing countries remain mostly confined to exporting raw materials for solar and wind energy technologies, while importing manufactured renewable energy goods. These patterns restrict the development prospects of these countries and limit the collective ability of the world to harness the full potential of green energy technologies. The paper provides insights for trade policy improvements. For instance, lower tariffs on intermediate goods in Africa could foster the emergence or development of local green energy industries. In Latin America and the Caribbean, reducing border costs for intraregional trade could strengthen regional supply chains for renewable technologies. In Asia and Oceania, where trade defence measures are on the rise, implementing more effective trade remedy mechanisms could reduce recourse to trade defence duties.
Global Action is Needed to Advance Social Development Amidst Converging Crises
Oct 2024
Working Paper
The recent confluence of crises – the COVID-19 pandemic, violent conflicts, and climate change – has caused severe setbacks to central objectives of social development, such as poverty eradication, employment generation, inequality reduction, and building inclusive societies. People and societies in vulnerable situations have been hit the hardest by the converging crises. There are indications that shocks and crises are becoming ever more frequent, severe, and far-reaching – driven by the worsening effects of climate change, the growing probability of pandemics, growing geopolitical tensions, and increasingly dense global networks of trade, finance and transport. The effects of these converging crises can be severe and long-lasting, as they may exhaust public and private response capacities, cause economic scarring, and trap people in a cycle of poverty. The World Social Report (WSR 2024) estimates that the potential cumulative global economic output loss could be over $50 trillion in the 2020–2030 period, an indication of lost opportunities for social development. National social protection mechanisms can help to protect and further advance social development. These mechanisms, by limiting the adverse impacts of shocks and crises, especially on people in vulnerable situations, and by supporting short-term recovery, enhance longer-term resilience and foster sustainable and inclusive growth. Yet only 47 per cent of the global population and as few as 13 per cent in low-income countries, are estimated to have access to at least one social protection benefit. At the same time, converging crises may increase the cost of providing adequate and universal social protection, while also depleting public financial resources. As a result, many developing countries, including most low- and lower-middle-income countries, would find it difficult to achieve universal social protection by 2030 without additional international support
Multi-speed Growth is Back, With a Fiscal Blind Spot
Jul 2024
Working Paper
Multi-speed growth is back: 68 developing economies are currently growing at more than 4%, 47 at between 2 and 4% and 37 at less than 2%. The projected effects on poverty are uneven. Despite a downward trend since the pandemic in 2020, an estimated 7.7% of the global population could still be living in extreme poverty in 2024, just below the pre-pandemic level of 8%, and could decrease slightly to 7.2% by 2026. Looking forward, high levels of debt and weak development financing are expected to make uneven patterns of growth and poverty more divergent. In 49 countries, net interest payments as a share of revenue are now higher than 10%, up from 27 countries a decade ago, and in 10 countries higher than 25%. Worst affected is the world’s poorest region, Sub-Saharan Africa, which accounts for 45% of countries with interest payments in excess of 10% and 50% of countries with payments higher than 25%. Indicators of debt distress and default risk remain elevated. For developing economies with a sovereign credit rating, 61% percent (54 countries) have a rating below ‘non-investment grade’ and for countries with debt assessed under the LIC-DSF 51% percent (34 countries) are rated either in or at high risk of debt distress.
Net Wealth Taxes: How They Can Help Fight Inequality and Fund Sustainable Development
Dec 2024
Working Paper
Taxing wealth can take many forms; policy makers should carefully analyse options best suited to the existing tax system and the social-economic situation in their country. Ensuring effective taxation of wealth is a tool to address inequality, increase progressivity in the tax system, and raise domestic revenues to finance sustainable development. Net wealth taxes are gaining support, fuelled by the view that all individuals and corporations must pay their fair share of taxes. Investments in technological progress and automation of tax administrations, coupled with third-party reporting, international tax cooperation in the form of exchange of information and exit taxes, are crucial elements that could help countries to efficiently and effectively levy a net wealth tax.
Leveraging Strategic Foresight to Mitigate Artificial Intelligence (AI) Risk in Public Sectors
May 2025
Working Paper
The Sustainable Development Goals Report 2024 warns that with less than one-fifth of targets on track, the world is failing to deliver on the promise of the Sustainable Development Goals (SDGs). Artificial Intelligence (AI) holds significant potential to accelerate the implementation of the SDGs by enhancing efficiency, fostering innovation, and improving decision-making across various sectors such as health, education, climate change, water, food, and energy. However, the unpredictable trajectory of AI development, coupled with its complex ethical, social, and political ramifications, necessitates a structured approach to anticipate and navigate its potential impacts. Strategic foresight exercises are essential in this context, enabling stakeholders to proactively identify and address emerging challenges and opportunities associated with AI. By leveraging collective intelligence and scenario planning, strategic foresight exercises can help ensure that AI technologies are developed and deployed responsibly, thereby increasing the likelihood of their positive contribution to sustainable and inclusive growth. Such forward-thinking methodologies are critical to mitigating risks and harnessing AIs transformative power in advancing the SDGs. This policy brief explains how strategic foresight can inform and guide public sectors in anticipating unexpected challenges and effectively harnessing AI technologies.
United States Tariff Shockwaves: Impact on the Arab Region
Jun 2025
Working Paper
This policy brief examines recent United States tariff shockwaves and the 90-day tariff pause, highlighting both direct impacts – particularly on Bahrain, Egypt, Jordan, Lebanon, Morocco and Tunisia – and indirect spillovers through weaker demand from China and the European Union, and falling oil prices. Preliminary estimates for 2025 suggest moderate macroeconomic effects for the Agadir Agreement countries and limited impacts for the Gulf Cooperation Council economies. The brief underscores rising fiscal vulnerabilities and calls upon Arab States to strengthen regional integration, diversify trade and engage with the United States to enhance economic resilience.
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