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Why the UN's 17 Sustainable Development Goals are not on track to be financed soon
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.
Ghana, Accra, 2023-02-16. Young schoolchildren in uniform learning multiplication tables. Illustration image of children in a school in Ghana. A little girl is at the blackboard reciting in front of the class.
To get rich, Ghana needs to wise up
About a quarter of all the chocolate you eat comes from Ghanaian cacao, so with prices at all-time highs, Ghanaian farmers should be raking it in. Instead, they’re selling at fixed prices to a government that’s struggling to settle its debts after a crushing $30 billion default last year.
On Monday, Ghana failed to reach a debt deal to restructure $13 billion in debt, breaching the terms of its International Monetary Fund bailout and pushing the country to the brink. According to the IMF, Ghana is borrowing too much in the same high-interest rate environment that led to the original default. If the government cannot formulate a plan that meets IMF standards, it risks $360 million in upcoming relief.
Nonetheless, the IMF is optimistic that the children of today’s cacao farmers will be driving the global economy in a decade or two. “The 21st century will be the African century,” said economist Michele Fornino on Monday at the IMF/World Bank spring meetings in Washington, DC. He pointed to the increasing numbers of young Africans joining the global workforce, contrasting it with the population slowdowns in Europe, East Asia, and North America that will diminish their economic clout.
But it all depends on getting those kids to school. About one in four children in Ghana is unable to attend school, a rate well below other developing countries. Improving that number will be crucial but difficult if Ghana stays trapped in perpetual cycles of debt and default.
Fornino pointed to South Korea, once among the poorest countries in the world before the vaunted “Miracle on the Han River” transformed it into a wealthy, globally connected society. “South Korean GDP would be one-third of what it is today without the improvements in education that began in 1970,” he said, and the IMF’s long-term goal is to help Ghana and other African countries make the most of similar demographic dividends.
Graphic Truth: Apprenticeships are on the rise
Whether it’s the price of college, the promise of the gig economy, or simply the desire to get paid while training, apprenticeships are having a moment. In the US, this surge has coincided with an 8% drop in undergraduate college enrollment; in Canada, it comes amid high youth unemployment.
In short, young people want options for brighter futures. As a result, apprenticeships are increasingly becoming an alternative to expensive four-year college degrees, or as a way to forge new careers mid-life. Apprentices get all the benefits of other employees, including wages, while getting valuable on-the-job training.
After dipping during the pandemic, the number of apprenticeship registrations jumped 12% in 2022 to an all-time high in Canada. In the US, they rose 22% between 2020 and 2021 and saw an 82.1% jump between 2008 and 2021.
But this isn’t just a COVID-fueled trend. SAIT, one of Canada's largest post-secondary institutions for apprenticeships, has seen a 20% increase in enrollment over the last two years. So apprenticeships are likely to increase even more in the coming years.
University of Pennsylvania President Liz Magill testifies before the House Committee on Education and the Workforce in Washington.
A bad case of “academentia” that needs to be cured
This week Claudine Gay, Sally Kornbluth, and M. Elizabeth Magill, the presidents of Harvard, MIT, and the University of Pennsylvania, were brought before the House Committee on Education and the Workforce to speak about the dangerous rise of antisemitism on campus, especially since the Oct. 7 attacks.
The Israel-Hamas war has triggered an alarming rise in antisemitic incidents on and off campus and also a rise in Islamophobic incidents. It was so bad that back on Nov. 14, President Joe Biden released an action plan to combat antisemitic and Islamophobic events on US campuses.
So the university presidents were steeped in this issue and knew tensions had been running high. They came to Washington prepared – well, prepared for something, at least.
Sadly, expectations for these kinds of hearings are low. Politics in Washington today is more like eye surgery done with a pickax, so no one predicted a nuanced, academic discussion with three illustrious leaders. Still, what happened under the big marble-top circus of politics was a genuine surprise.
Amid the usual grandstanding, ax-grinding, partisan preening, camera mugging, sound-bite fishing — and there was a lot of that on culture war issues like “wokeism” – something noteworthy happened.
At five hours and 23 minutes into the hearing — you can watch it here – New York Republican Rep. Elise Stefanik, who graduated from Harvard in 2006, asked a basic question of the three presidents.
Here is part of the transcript, with Stefanik questioning the president of Penn, Dr. Magill.
Stefanik: … Does calling for the genocide of Jews constitute bullying or harassment?
Magill: If it is directed or severe and pervasive, it is harassment.
Stefanik: So, the answer is yes?
Magill: It is a context-dependent decision, Congresswoman.
Stefanik explodes in incredulity: This is the easiest question to answer yes, Ms. Magill.
Magill (smiles, oddly): If the speech becomes conduct. It can be harassment, yes.
Stefanik: Conduct meaning … committing the act of genocide? The speech is not harassment?
Stefanik gave Magill one more shot at the answer and got nowhere before asking Dr. Gay, president of Harvard, the same question.
Stefanik: Does calling for the genocide of Jews violate Harvard's rules of bullying and harassment, yes or no?
Gay: It can be, depending on the context.
You get the idea.
Apparently, on campuses, calling for genocide is bullying only in certain contexts (when is it not?) and only when it turns into action.
Remember, Stefanik was not asking here if the presidents would shut down such speeches on campus. Or take action. She asked a basic, theoretical question of whether calling for the genocide of Jews constituted bullying and harassment. Not a single president answered yes.
This was academentia at its worst. The term, of course, is not medical; it describes hyper-intelligent academics who appear to have lost touch with reality. So caught up in nuance and qualifiers that they can’t answer a simple question.
Imagine for a moment, someone asking, “Is calling for the genocide of all Muslims an act of bullying or harassment? Or the killing of all women? Or the killing of all African Americans, or LGBTQ people?"
Even if US academics uphold the First Amendment, which, in the US, protects hate speech — that was not the question. The question was simply whether calling for the genocide of a specific group hit the threshold of bullying on campus.
How hard is that? Harder than we thought.
Free speech in the US versus Canada is handled very differently. In Canada, there are reasonable limits to speech, and the Criminal Code section 319 is clear that hate speech and antisemitic speech are indictable offenses and are liable for imprisonment.
Context matters as well. Hate crimes against the Jewish, African-American, Muslim, and LGBTQ communities are all up, according to recent stats. The latest FBI hate crimes data shows a 25% rise in antisemitic hate crimes between 2021 and 2022 — which is more than half of all reported hate crimes — against a population that comprises less than 2.4% of the US population. Crimes against the LGBTQ, Black, and Muslim Americans are also overrepresented, but FBI Director Christopher Wray said this week that antisemitism is reaching “historic levels.”
The same is true in Canada, where most hate crimes still target the Jewish population, but the Muslim and Black populations are also targeted.
While the Israel-Hamas war is deeply polarizing, and confusing, there are not two sides to hate. University presidents should not have to duck behind talking points and prepared statements to answer a basic question about human decency. And university students should not have to learn in hate-filled environments. We need to trust our places of education now more than ever, not less.
Higher education should not mean lower common sense.
The Graphic Truth: Indians hold 40% of Canadian student visas
The fallout from allegations that India was behind the assassination of Hardeep Singh Nijjar has thrown Indo-Canadian relations into the lurch. Each side has expelled a diplomat from the other, and India’s Embassy in Canada stopped processing visas – a serious diplomatic gesture, no doubt, but the material impacts are likely to be small. Only around 80,000 Canadians visited India in 2021 out of more than 1.5 million foreign tourists.
But if Canada responds in kind, it will be a very different story. Indian students represent a staggering 40% of the 807,000 foreign student visa holders in Canada, more than every other nationality combined save China. The number of Indians studying in the Great White North skyrocketed from just 2,210 in 2000 to 171,505 in 2018 — also the year Indian students first outnumbered Chinese students. Their population has since nearly doubled, and Indian students now represent approximately 0.8% of the entire population of Canada.
Here’s the twist: Even before the row over Nijjar’s murder, Canada was seriously considering capping student visas. The country is in the midst of a severe housing shortage, and efforts to alleviate the situation are falling short. The province of Ontario needs to build around 150,000 new houses every year for the next several years to rectify the situation — and they’re managing around 40,000. Capping the number of foreign students competing for limited housing might be politically expedient, but it would be a devastating blow to the Canadian universities that depend upon international tuition rates.
Is life better than ever for the human race?
Pinker shares his counterintuitive take on the state of the world. How does his optimism (as welcome as it might be) stack up against the undeniable sorry state of the world today? From war in Ukraine to a persistent pandemic to a resurgence of extreme global poverty, things feel...bad. And yet, Pinker remains relatively positive.
Watch GZERO World with Ian Bremmer every week at gzeromedia.com/gzeroworld and on US public television. Check local listings.- Ian Explains: Is the world better today thanks to human progress? ›
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Racial makeup of undergraduate students in the U.S. (2010-2021)
The Graphic Truth: Hispanic college enrollment has surged
September 15 marked the beginning of Hispanic Heritage Month, and as the United States enters a new era in college admissions following the Supreme Court’s decision to strike down race-based affirmative action protections this summer, many worry that the new rules could hurt the chances of aspiring students from traditionally marginalized communities.
New data from the Department of Education indicates the number of Hispanic students grew nearly 30% between 2010 and 2021, and made up over a fifth of the enrolled student body in 2021. Hispanic people as a whole were one of the fastest growing demographic groups in the U.S. at the time, accounting for more than half of the total population increase between 2010 and 2020. Here’s a look at racial makeup of undergraduate students in the U.S. over the last several years.
Staving off default: How unsustainable debt is threatening human progress
Three-fifths of the world's lowest income countries are debt distressed and in danger of default. Navid Hanif, assistant secretary-general for economic development at the United Nations, tells GZERO's Tony Maciulis that we need to make debt more sustainable by restructuring it. Hanif believes multilateral development banks, such as the World Bank, should offer affordable longer-term loans with lower interest rates to allow least developed countries better opportunities to deal with crises like climate change, poverty, and educating children.
During a conversation at the World Bank/IMF spring meetings in Washington, DC, Hanif explains how a financial divide will eventually become a development divide, which is not good for the world. He explains the urgency of the growing debt problem.
However, Hanif also expresses optimism about the potential for progress coming after years of the pandemic, citing the growth in people gaining access to the internet and a renewed commitment to climate goals.