OECD Financing for Sustainable Development

The OECD report highlights a 70% widening of the financing gap for Sustainable Development Goals (SDGs) in developing countries due to COVID-19, which has drastically reduced external private finance. It discusses the need for alignment of financial assets towards achieving SDGs while addressing issues such as transparency, accountability, and coherence in sustainable finance. Recommendations for the G20 include promoting innovative financing instruments and bridging gaps between various finance communities to enhance support for sustainable development.