17. PARTNERSHIPS TO ACHIEVE THE GOAL
GOAL 16. Promote just, peaceful and inclusive societies
The SDGs can only be realized with strong global partnerships and cooperation.
A successful development agenda requires inclusive partnerships — at the global, regional, national and local levels — built upon principles and values, and upon a shared vision and shared goals placing people and the planet at the centre.
Many countries require Official Development Assistance to encourage growth and trade. Yet, aid levels are falling and donor countries have not lived up to their pledge to ramp up development finance.
Due to the COVID-19 pandemic, the global economy is projected to contract sharply, by 3 per cent, in 2020, experiencing its worst recession since the Great Depression.
Strong international cooperation is needed now more than ever to ensure that countries have the means to recover from the pandemic, build back better and achieve the Sustainable Development Goals.
- Net Official Development Assistance flows by member countries of the Development Assistance Committee (DAC) of the Organization for Economic Cooperation and Development totaled $147.4 billion in 2019.
- 79 per cent of imports from developing countries enter developed countries duty-free
- The debt burden on developing countries remains stable at about 3 per cent of export revenue
- Trade, foreign direct investment and remittances all projected to decline by up to 40 per cent in 2020.
- Almost half of the world’s population is not connected to the internet, particularly in poor countries.