Global finance in transition: Reforming the global financial system for the SDGs

In this episode, Guillaume Lafortune, Vice President of the Sustainable Development Solutions Network (SDSN), discusses the critical theme of long-term financing for sustainable development and the need for reform in the global financial architecture. He highlights the challenges hindering the progress of the Sustainable Development Goals (SDGs) and the estimated financing gap for the SDGs. Guillaume emphasizes the importance of investing in energy and water for high returns and the systemic financial difficulties impacting developing countries. He also discusses the role of multilateral development banks and the need for a long-term affordable financing system. Guillaume concludes by highlighting the opportunities for reforming the global financial architecture. Takeaways The progress of the SDGs has been lacking or slowing, and there is a significant financing gap for the SDGs. Investing in energy and water can provide high returns and contribute to sustainable development. Systemic financial difficulties impacting developing countries' efforts towards achieving the SDGs. Reforming the global financial architecture is crucial, and there are opportunities to make significant progress. Want to learn more about sustainable development and learning? Subscribe to SDG Learncast on podcast apps. Visit the UN SDG:Learn website at ⁠⁠⁠www.unsdglearn.org⁠⁠⁠ to get the latest learning offers on the 2030 Agenda and SDGs. The transcript of the podcast is available at ⁠⁠⁠https://www.unsdglearn.org/podcast/.