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Home News Approaches for better resource mobilization to finance Africa’s Sustainable Development Goal

Approaches for better resource mobilization to finance Africa’s Sustainable Development Goal

2 March 2020NewsMaria Ismaili

Undoubtedly, one of the key challenges to achieving the Sustainable Development Goals (SDGs) over the next decade will be the ability to mobilize resources to finance them. Indeed, estimates by the Brookings Institution suggest that sub-Saharan Africa will need $574 billion per year until 2030 to finance the SDGs. While projected spending in a few countries, such as Botswana or Mauritius, will meet their SDG financing needs, for the vast majority of countries in the region, there is a substantial financing gap totaling $256 billion per year.

 

Read More: https://www.brookings.edu/blog/africa-in-focus/2020/01/17/approaches-for-better-resource-mobilization-to-finance-africas-sustainable-development-goals/

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The « Marrakech Pledge » for « Fostering Green Capital Markets in Africa » is a commitment by all African Capital Markets Regulators and Exchanges to act collectively in favor of sustainable development by enabling the establishment of Green Capital Markets in Africa with the aims to promote Africa as a prominent regional green financial marketplace and an attractive destination for green and climate-resilient investments.

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Secretariat of Marrakech Pledge 2016-2020

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