investments to sustainable development
TRANSCRIPT
Investments to Sustainable Development
Needs Extra Fund for Fight to Climate Change
Syful [email protected]://bd.linkedin.com/in/syful-islam-10549b72
What is Sustainable Development??According to World Bank "Development that meets the needs of the present without compromising the ability of future generations to meet their own needs."
The successful achievement of MDGs by 2015. A further progression was needed to agree and extend development goals from 2015-2030. On 25 September 2015, the 193 countries of the UN General Assembly adopted the 2030 Development Agenda titled Transforming our world: the 2030 Agenda for Sustainable Development. UN member states have agreed on a set of 17 goals with associated 169 targets for sustainable development.
What is Sustainable Development Goals??
The proposed Global Goals
The major challenges of SDGs stand out:1. Making the SDGs simple to Communicate2. Monitoring agenda for the Goals3. Financing the SDGs
A ultimate challenge lies in financing the
SDGsBased on historic trends and economic growth projections, gross capital formation between now and 2030 has been estimated to be of the order of US$400 trillion, or over US$25 trillion annually.
Estimates US$6 trillion investments in infrastructure annually
Need more fund for climate-change mitigation
To face financing challenges give more emphasize on
Reorganization of public expenditure Strengthen the tax administration Improve the climate for private investment Improving supervision in the financial sector Restore the finances of the development Sector Improve the targeting of social payments
Mobilize Resources to Development Sectors Reduce inflation rate Create single digit interest rate Perfect uses of ODA funds Financial leverage for Development Projects
Needs additional Fund for Fight to Climate Change
Implement the assurance undertaken by the countries under the UN Framework Convention on Climate Change to mobilize jointly $100 billion every year by 2020 to deal with the unique needs of the developing nations.
Bangladesh requirements supplementary Fund to mitigate Climate Change Risks
Climate change now affects all over the world particularly developing countries. It is currently disrupting economies, affecting lives and countries very dearly.
The Most Climate Vulnerable Country is Bangladesh
According to Climate Change Vulnerability Index Bangladesh is Most Climate Vulnerable Country and feel the economic impacts of climate change most intensely.
To attain SDGs Bangladesh needs strong ODA Need PPP project to mitigate Climate risks Private sectors need more investment on Development Project
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