The Sustainable Development Goals and development co-operation
The recent adoption of the Sustainable Development Goals and the Paris Agreement on Climate Change represent a fundamental shift in the policy environment for development. Erik Solheim, Chair of the OECD Development Assistance Committee, writes about the practical implications of this shift in a post on the OECD Insights blog. While official development assistance (ODA) will continue to play an important role in financing transformation, Solheim writes that achieving the objective of sustainable development calls for the mobilisation of more and better resources from both the public and private sectors. "The Sustainable Development Goals envision a new growth model, one that is inclusive, sustainable and resilient. In the face of mounting global challenges, a new approach to growth requires consideration of how the benefits of growth are distributed, the impact on the environment and the stability of the global financial and economic system. A growth strategy incorporating all these elements does not involve following a single recipe. This is because no single recipe exists."