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Financing for Sustainable Development Goals (SDGs) in the era of COVID-19 and beyond
Sarker, T.
Sarker, T.
Publication Date
2023-02
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© European Association of Development Research and Training Institutes (EADI) 2022 Reproduced in accordance with the publisher's self-archiving policy.
The final publication is available at Springer via https://doi.org/10.1057/s41287-022-00571-9
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Yes
Open Access status
openAccess
Accepted for publication
28/11/2022
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Abstract
The economic and social impact of covid-19 pandemic both on developing and developed countries has been significant. In addition to the impact of the pandemic, the current Ukraine war has also led to severe supply chain disruptions leading to a sharp increase in food and commodity prices globally. Due to a combination of external shocks and the impact of the pandemic global economic growth is expected to slow down from 6.1% in 2021 to 3.2% in 2022 and further to 2.7% in 2023 (IMF 2022). The above factors have led to a sharp increase in government expenditure constraining both developed and developing countries' fiscal capacity. This has further implications for the achievement of SDGs especially for low-income countries. The challenge for developing countries in the current scenario is to mobilise adequate resources both from domestic and international sources, not just for the achievement of SDGs as such, but also to sustain the livelihoods, health, and welfare of people. This special issue aims to examine some of these issues in the context of developing countries.
Version
Accepted manuscript
Citation
Arora RU and Sarker T (2023) Financing for Sustainable Development Goals (SDGs) in the era of COVID-19 and beyond. European Journal of Development Research. 35: 1-19.
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Article