07
Feb
The gap between development financing needs and available resources could swell to USD 6.4 trillion by 2030 without a major overhaul of the financing system, according to a new OECD report.
The Global Outlook on Financing Sustainable Development 2025: Towards a more resilient and inclusive architecture shows that although total external finance to developing countries reached USD 5.24 trillion in 2022, it remained significantly below the USD 9.24 trillion estimated to be required annually to achieve the 2030 Agenda.
Financing needs have risen...