Why the UN's 17 Sustainable Development Goals are not on track to be financed soon

Why the UN's 17 Sustainable Development Goals are not on track to be financed soon | Global Stage

The world faces a sustainable development crisis, and while most countries have strategies in place, they don’t have the cash to back them up. How far off track are we with the financing needed to support the UN’s 17 Sustainable Development Goals, ranging from quality education and health care to climate action and clean water?

Shari Spiegel, who runs the UN’s Financing for Sustainable Development Office, sat down with GZERO’s Tony Maciulis at a Global Stage event for the IMF-World Bank Spring Meetings this week. She explains that the SDGs were off track even before the pandemic and that now, owing to global crises, many poorer countries have slipped backwards.

“We actually started backtracking on many of these goals as countries were under enormous stress, and particularly the poorest countries,” she said, noting that the global output of many of the poorest nations has fallen by 30% — and some, such as the Small Island Developing States, by 40%. This has led to an enormous finance divide — raising SDG financing and investment gaps from $2 trillion a few years ago to around $4 trillion today.

So how can the UN restrengthen multilateralism and, in turn, help narrow this gap? Watch here.

For more of our 2024 IMF/World Bank Spring Meetings coverage, visit Global Stage.

More from GZERO Media

Supporters greet the Democratic lawmakers who left the state to deny Republicans quorum, as they return to the House, as the attempt to redraw the state's 38 congressional districts continues, at the Texas State Capitol, in Austin, Texas, U.S. August 18, 2025.
REUTERS/Nuri Vallbona

Today, Texas’s legislature could hand Republicans five new congressional seats – and set off a red hot redistricting battle ahead of the 2026 midterms.

Five years ago, Microsoft set bold 2030 sustainability goals: to become carbon negative, water positive, and zero waste—all while protecting ecosystems. That commitment remains—but the world has changed, technology has evolved, and the urgency of the climate crisis has only grown. This summer, Microsoft launched the 2025 Environmental Sustainability Report, offering a comprehensive look at the journey so far, and how Microsoft plans to accelerate progress. You can read the report here.

Armenian Prime Minister Nikol Pashinyan and Iranian President Masoud Pezeshkian shake hands as they meet with the media to make a joint statement following their talks in Yerevan, Armenia, August 19, 2025.
Hayk Baghdasaryan/Photolure via REUTERS

$3 billion: Armenia and Iran pledged to triple bilateral trade to $3 billion this week, just days after Yerevan inked a US-brokered peace deal with Azerbaijan.

An Indian paramilitary soldier guards a road during India's 79th Independence Day celebrations in Srinagar, Jammu and Kashmir, on August 15, 2025. Prime Minister Narendra Modi issues a stern warning to Pakistan, stating that India will not tolerate nuclear blackmail anymore and will give a befitting reply to the enemy. He asserts that India has now set a ''new normal'' of not differentiating between terrorists and those who nurture terrorism.
Photo by Firdous Nazir/NurPhoto

For four days in May, two nuclear rivals stood at the brink of a potentially catastrophic escalation, one that could impact a fifth of the world’s population.