Publication Date
2025-02-13
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Abstract
We began this volume by highlighting the role of the upcoming Fourth International Conference on Financing for Development (FfD4) in 2025 of closing the gap between ‘aspiration and financing’. To fulfil the aspiration, we will need a pearl of collective wisdom to overcome the key challenges in financing many of the SDGs as outlined in the 2030 Agenda. This will be particularly important for the developing economies as they will need to mobilize money by involving both the public and the private sectors to work together at scale. But more so, the challenge is fundamentally related to promoting effective governance as it warrants the re-orientation of how public and private actors (including the third sector) interact with each other in a system that achieves results in all the dimensions of sustainable development: environmental, social, and economic. In this final chapter, we consider both academic and practitioner perspectives to delve into both the challenges and opportunities in financing sustainable development. The overriding conclusion is to recognise that while innovative financing solutions are imminent in dealing with the rising challenges such as climate change and achieving SDGs, it needs to be achieved by taking into account the risks, transparency, and voice of the developing countries.
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Arora R and Sarker T (2025) Conclusion. In: Arora R and Sarker T (Eds) Financing of Sustainable Development Goals (SDGs): Challenges and Opportunities. Cham, Switzerland : Palgrave Macmillan.
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Book chapter