Center for Policy and Dialogue recently stressed the integration of the Social Development Goals (SDGs) in the national planning process and institutional mechanism. This would be one of the five challenges, the others being inclusion in the financial and non-financial resources, institutional mechanism for implementation, monitoring data and lastly participation and accountability.
In a keynote presentation, finance was claimed to be the key component of delivery for achieving the SDGs. It has to be harnessed through domestic resources, enhancing tax and maximizing its use.The Intergovernmental Committee of Exports on Sustainable Development Financing (ICESDF) reported that it would require US $5-7 trillion per year upto 2030, for achieving the SDGs. This equates to average annual investment of 3% GDP for Bangladesh. Developing countries have to spend much of that on food security, climate change, health and education.
Bangladesh was found to have some challenges from previously to possess a structure for achieving the stipulated goals. Data monitoring would be difficult as Bangladesh do not have one-third of the indicators from the 300 indicators proposed. Additionally, 20% of the 17 goals of the SDGs are not prioritized nationally. The MDGs faced lacking institutional implementation mechanisms, which should be overturned in attaining the SDGs.
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