ECOSOC - A.pdf -

Please enable JavaScript to view the full PDF

ECOSOC Topic A: Mobilizing Financial Resources To Achieve Sustainable Development Goals In Developing Countries. Summary: In 2015, the United Nations Member States adopted The 2030 Agenda for Sustainable Development in hopes of improving the quality of around the globe. These 17 goals are centered not only on economic growth but sustainability, well-being and innovation. Note that these goals are directed to both developed and underdeveloped countries, for its of main importance to find an efficient way to fund and finance the projects. Topic Outline: The economy behind the achievement of these goals is a major regard to the UN. It is estimated that the annual cost for a decent development in the area may go up from USD 3.3 to 4.5 trillion. Furthermore, developing countries are facing an average annual gap of USD 2.5 trillion US dollars. With the Official Development Assistance (ODA) being an essential mechanism for financing developing countries, a way to increase its secured fund of USD 146.6 billion must be found. This fund is far from what’s needed in order to fulfill the agenda and due to its mentioned level of importance for the next 15 years, solutions for efficient financing are well needed. After defining eight Millennium Development Goals for the 2000s and not really achieving the past goals the signed countries are demanded to be up to the task. Sustainable Development Goals: GOAL 1: No Poverty GOAL 2: Zero Hunger GOAL 3: Good Health and Well-being GOAL 4: Quality Education GOAL 5: Gender Equality GOAL 6: Clean Water and Sanitation GOAL 7: Affordable and Clean Energy GOAL 8: Decent Work and Economic Growth GOAL 9: Industry, Innovation and Infrastructure GOAL 10: Reduced Inequality GOAL 11: Sustainable Cities and Communities GOAL 12: Responsible Consumption and Production GOAL 13: Climate Action GOAL 14: Life Below Water GOAL 15: Life on Land GOAL 16: Peace and Justice Strong Institutions GOAL 17: Partnerships to achieve the Goal Involved countries are expected to discuss new and efficient ways of funding the process to achieve these SDGs along with finding methods to improve the already funding systems such as ODA, foreign investment and co-operation between affected and developing countries. Questions to consider: ● What specific frameworks are needed in order to efficiently finance development for developing countries? ● How can the current financial system form the ODA be improved since it is proved to be effective but underachieving? ● What non-governmental aid can be accepted and under what circumstances? ● What measures should global powers take in order to enhance development in these countries without compromising their own? ● How do we achieve a smarter, leaner system for tackling development issues while making it relevant and attractive for the government, development partners and the private sector? Sources: 1. https://unsdg.un.org/sites/default/files/Unlocking-SDG-Financing-Good-Practic es-Early-Adopters.pdf 2. https://www.oecd-ilibrary.org/docserver/dcr-2014-5-en.pdf?expires=158036165 4&id=id&accname=guest&checksum=7773192F16A031A42C28FF8FDEA3DF5E 3. Sustainable Development Goals. (n.d.). Retrieved from https://sustainabledevelopment.un.org/sdgs 4. FInancing for development. (n.d) from https://www.un.org/sustainabledevelopment/financing-for-development/ 5. The economics of the sustainable development goals. (2018, January 3). Retrieved from https://www.un.org/sustainabledevelopment/financing-for-development/