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Achieving The Sustainable Development Goals Will Require Extraordinary Effort By All
The pandemic’s impact on the world’s poor has been especially harsh. COVID-19 may have pushed about 100 million people into extreme poverty in 2020 alone, while the UN warns that in some regions poverty could rise to levels not seen in 30 years. The current crisis has derailed progress toward basic development goals, as low-income developing countries must now balance urgent spending to protect lives and livelihoods with longer-term investments in health, education, physical infrastructure, and other essential needs.
In a new study, we propose a framework for developing countries to evaluate policy choices that can raise long-term growth, mobilize more revenue, and attract private investments to help achieve the Sustainable Development Goals. Even with ambitious domestic reforms, most low-income developing countries will not be able to raise the necessary resources to finance these goals. They