Partnership For The Goals

SUSTAINABLE DEVELOPMENT GOALS 17 - PARTNERSHIP FOR THE GOALS

Sustainable Development Goal 17 (SDG 17 or Global Goal 17) is about "partnerships for the goals." One of the 17 Sustainable Development Goals established by the United Nations in 2015, the official wording is: "Strengthen the means of implementation and revitalize the global partnership for sustainable development". The Goal has 17 targets to be achieved by 2030, broken down into five categories: finance, technology, capacity building, trade and systemic issues. Progress towards targets will be measured by 25 indicators.

SDG 17 refers to the need for cross sector and cross country collaboration in pursuit of all the goals by the year 2030. It is a call for countries to align policies. SDG 17 is a vision for improved and more equitable trade, as well as coordinated investment initiatives to promote sustainable development across borders. It is about strengthening and streamlining cooperation between nation-states, both developed and developing, using the SDGs as a shared framework and a shared vision for defining that collaborative way forward. It seeks to promote international trade, and help developing countries increase their exports to ensure a universal rules-based and equitable trading system that is fair, open and beneficial to all.

With US$5 trillion to $7 trillion in annual investment required to achieve the SDGs, total official development assistance reached US$147.2 billion in 2017. This, although steady, is below the set target. In 2016, six countries met the international target to keep official development assistance at or above 0.7 percent of gross national income. In 2017, international remittances amounted US$613 billion, with 76 percent invested in developing countries. The bond market for sustainable business is also growing. In 2018 global green bonds reached US$155.5billion, up to 78 percent from 2017.

Humanitarian crises brought on by conflict or natural disasters have continued to demand more financial resources and aid. Even so, many countries also require official development assistance to encourage growth and trade. The global progress map for SDG 17 shows that significant and major challenges remain in the majority of the world. Many regions of strong economic status perform very poorly, like the United States and much of Europe.

Sources: https://en.wikipedia.org/wiki/Sustainable_Development_Goal_17