ABSTRACT
Accelerating the implementation of the Sustainable Development Goals (SDGs) after the setback from the COVID-19 crisis demands that SDG financing be upscaled, from billions to trillions annually, in order to close the so-called financing gap. The current finance mechanisms for the SDGs are based on purpose or mission with blended finance, which alleviate the speculative threat and volatility of private finance. Assessing and monitoring the contextual impact of investments decisions have also become central to assure the stability of long-term goals. To accelerate and close the financing gap however, there is an urgent need for restructuring the global governance of finance to account for the voice of developing countries, and to channel finance locally for a more resilient economic system.
