By Shanta Rao
UNITED NATIONS (IDN) – As the United Nations assesses the implementation of its 2030 Agenda for Development, including its 17 Sustainable Development Goals (SDGs), the estimated funding needs keep skyrocketing — from the initial millions and billions to trillions of dollars annually.
The President of the General Assembly, Ambassador Peter Thomson of Fiji, said on April 18 that SDG financing, including the eradication of extreme poverty by 2030, is going to cost about $6 trillion annually — and then to a hefty $30 trillion through 2030.
At the same time, the Addis Ababa Action Agenda (AAAA), which outlines the implementation of the 17 SDGs, points to an infrastructure gap of some $1 trillion to $1.5 trillion annually in developing countries, while estimates of the global gap generally range from $3 trillion to $5 trillion annually.