Graduation ceremony, United States. Photo by Ulrika Svensson
In September 2015, UN member countries adopted a set of 17 Sustainable Development Goals (SDGs) “to end poverty, protect the planet, and ensure prosperity for all”. Each goal has specific targets to be achieved until 2030.
It is estimated that achieving the SDGs will cost from roughly US$ 3 trillion to US$ 14 trillion (United Nations, Report of the Intergovernmental Committee of Experts on Sustainable Development Financing, A/69/315, New York, 2014).
As the landscape of development financing has changed significantly over the past few years, given that flows from traditional sources have diminished gradually in size and amount, the United Nations has exhorted the private sector (in addition to governments and civil society) to be engaged and involved with funding efforts.
The IEF will work independently, or in collaboration with international organizations and other relevant players, to produce high-caliber research and policy recommendations on how the impact economy could contribute to achieving and financing the UN Sustainable Development Goals (SDG) at the local, national and global levels.