Report summary:
Press release (25 March 2021):
- UN: COVID-19 could lead to a lost decade for development (pdf)
- 联合国：COVID-19新冠疫情大流行可导致发展进程出现“失去的十年” (pdf)
- ONU: la COVID-19 pourrait conduire à une décennie perdue pour le développement (pdf)
- ONU: La COVID-19 podría conducir a una década pérdida para el desarrollo (pdf)
- UN: COVID-19 könnte zu einem verlorenen Jahrzehnt für Entwicklung führen (pdf)
Note by the Secretary-General:
- م كت م األمي العام*: تمويل التنمية المستدامة (E/FFDF/2021/2)
- 秘书长的说明: 可持续发展筹资 (E/FFDF/2021/2)
- Note by the Secretary-General: Financing for Sustainable Development (E/FFDF/2021/2)
- Note du Secrétaire général: Financement du développement durable (E/FFDF/2021/2)
- Записка Генерального секретаря: Финансирование устойчивого развития (E/FFDF/2021/2)
- Nota del Secretario General: Financiación para el desarrollo sostenible (E/FFDF/2021/2)
Data update following release of 2020 ODA data (23 April 2021):
The 2021 Financing for Sustainable Development Report (FSDR) of the Inter-agency Task Force on Financing for Development warns that COVID-19 could lead to a lost decade for development. The report highlights the risk of a sharply diverging world in the near term where the gaps between rich and poor widen because some countries lack the necessary financial resources to combat the COVID-19 crisis and its socioeconomic impact. Short-term risks are compounded by growing systemic risks that threaten to further derail progress, such as climate change. The report recommends immediate actions to prevent this scenario and put forward solutions to mobilize investments in people and in infrastructure to rebuild better. It also lay outs reforms for the global financial and policy architecture to ensure that it is supportive of a sustainable and resilient recovery and aligned with the 2030 Agenda.
Additional Materials:
CSO comments on the report*:
- Civil Society FfD Group’s Comments to the 2021 FSDR Draft Outline
- Input from the NGO Committee on Financing for Development to the 2021 IATF Report Outline
*Disclaimer: The views and opinions expressed in the papers are those of the authors from external stakeholders and do not reflect the official position of the Task Force members.
The 2021 Financing for Sustainable Development Report (FSDR) of the Inter-agency Task Force on Financing for Development warns that COVID-19 could lead to a lost decade for development. The report highlights the risk of a sharply diverging world in the near term where the gaps between rich and poor widen because some countries lack the necessary financial resources to combat the COVID-19 crisis and its socioeconomic impact. Short-term risks are compounded by growing systemic risks that threaten to further derail progress, such as climate change. The report recommends immediate actions to prevent this scenario and put forward solutions to mobilize investments in people and in infrastructure to rebuild better. It also lay outs reforms for the global financial and policy architecture to ensure that it is supportive of a sustainable and resilient recovery and aligned with the 2030 Agenda.