UN Secretary-General Ban Ki-moon recently said that more than $100 billion would be needed to achieve the MDGs in 2015. Goals 8B and C contain promises to increase foreign development assistance (ODA), but no specific targets have been set for developed countries. However, at the G8 summit in Gleneagles, Scotland, in 2005, many donor countries reaffirmed their commitment to provide official development assistance amounting to 0.7 per cent of gross national income by 2015. It seems that these developments are organized on a global scale. Internet penetration increased from about 6% of the world`s population to 43% between 2000 and 2015. Formally established in 2012, the Global Partnership is now led by four co-chairs representing key stakeholders involved in development cooperation, including governments and non-state actors. Its work is led by a 25-member steering committee that reflects the spirit of inclusive partnerships and a «whole-of-society» approach needed to achieve the 2030 Agenda. More information about the tour can be found here. 17.13. Improve global macroeconomic stability, including through coordination and policy coherence Of all the Millennium Development Goals, MDG 8 is the only one that addresses the responsibility of the richest countries to assist the poorest States in meeting their development and human rights obligations. Although it covers a wide range of transnational policy issues, including trade, development assistance and debt, it is the only MDG target that does not set concrete quantitative benchmarks to be achieved by 2015.
The World Bank Group helped developing countries cope with the impact of the 2008 financial crisis and continues to help developing countries cope with ongoing economic uncertainty by increasing trade-related lending from $1.9 billion at the end of FY12 to $2.7 billion in FY13. 17.14 Improving policy coherence for sustainable development Towards the end of the twentieth century, aid flows declined, but this was reversed at the beginning of the new millennium. Official development assistance (ODA) from member states of the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) increased by 66% between 2000 and 2014, reaching a peak of $135.2 billion in 2013. Goal 8A of the goal sets the goal of «further developing an open, rules-based, predictable and non-discriminatory trading and financial system.» Unfortunately, the word «just» has been removed from the wording of the operationalization of the Millennium Declaration in the MDGs – and this refers to the hidden history of global trade, that of inequality and unfair rules. A country`s external debt affects its solvency and vulnerability to economic shocks. In 2000, the debt burden of developing countries was 12.0 per cent, but by 2013 it had fallen to 3.1 per cent – measured as the share of external debt service in export earnings. The improvement is due to trade expansion, better debt management, significant debt relief for the poorest countries and favourable credit conditions in international capital markets. For this reason, the Task Force on the MDG Gap noted in 2009 that «future ODA flows to poor countries are under threat at a time when they need to be increased to protect hard-won progress towards the Millennium Development Goals and counteract the effects of the global slowdown». The economic slowdown threatens not only to hamper developing countries` future progress towards the 2015 deadline, but also to reverse the hard-won progress towards the MDGs over the past 10 years. 17.4 Assist developing countries in achieving long-term debt sustainability through coordinated actions to promote debt financing, debt relief and, where appropriate, debt restructuring, and to manage the external debt of heavily indebted poor countries in order to reduce debt distress.
the global financial crisis of 2008, whose full impact on the results of the Millennium Development Goals has not yet been identified, put to the test. However, rather than being a pretext to bypass the poorest countries through increasing protectionism and budget cuts in foreign aid, the crisis only reinforces the need for rich countries to increase their commitments to provide aid and distribute equitably. 17.11 Significant increase in developing countries` exports, in particular with a view to doubling the share of least developed countries in world exports by 2020 17.16 Strengthening the global partnership for sustainable development, complemented by multi-stakeholder partnerships that mobilize and exchange knowledge, skills, technology and financial resources to achieve the Sustainable Development Goals in all countries for support; Developing countries in particular are even more alarming that the top five donors (the United States, France, Germany, the United Kingdom and Japan in 2009), which account for more than 60% of total OECD aid, would only reach the targets of 0.7% by 2043 if current trends continue. In addition, further efforts are needed to ensure that official development assistance is distributed through channels that ensure aid effectiveness, focus on the least developed countries and are reinforced by human rights norms and principles. To combat the growing scourge of COVID-19 disinformation, the United Nations has launched Verify, an initiative to increase the volume and reach of reliable and accurate information on three topics: science (to save lives), solidarity (to promote local and global cooperation) and solutions (to advocate for support for affected populations). Targets 8E and 8F call on developed countries to work with the private sector to ensure better access to essential medicines and technologies for developing countries. .