A renewed focus on achieving the Sustainable Development Goals (SDGs) will be essential as countries seek to rebuild from the coronavirus disease (Covid-19) pandemic, says ADB’s first report showcasing its contributions to the 2030 Agenda for Sustainable Development.
Commenting on the report on Monday, ADB President Masatsugu Asakawa said that achieving the SDGs will require vast sums of finance to be mobilised from the widest range of sources in support of the agenda at a time when governments face mounting pressure on their budgets and soaring public debt.
“In 2021, as we map a path to recovery from the pandemic, we must refocus on the SDGs.
ADB’s investments must meet the highest standards of sustainable development and deliver real results that help countries realize the vision set out in Strategy 2030 and rebuild for the SDGs,” Asakawa further said.
The year 2020 was to be the start of a decade of action to accelerate progress on the SDGs, but the Covid-19 pandemic has threatened the region’s prospects for achieving the goals.
Asia and the Pacific were already off track to meet these ambitious goals before the pandemic began.
The ensuing crisis is estimated to have pushed 162 million people in the region back into poverty, and economic growth in developing Asia contracted for the first time in 60 years.
At the same time, there has been limited progress on SDGs that protect the environment, and the region is at the front lines of the climate change crisis. TLTP