The 2024 Financing for Sustainable Development Report warns of a crisis in sustainable development, emphasizing that financing challenges threaten the achievement of the SDGs and climate action. International estimates indicate a need for over $4 trillion annually in additional investment for developing countries, a stark increase since pre-pandemic times. Weak enabling environments hinder progress, with disparities in financing and inadequate policy frameworks. Urgent action is required to bridge financing gaps, reform institutions, rebuild trust, and chart new development pathways. The upcoming Fourth International Conference on Financing for Development in 2025 is seen as a crucial opportunity to address these issues and steer global financing towards sustainability.

Resource: https://desapublications.un.org/publications/financing-sustainable-development-report-2024