Goals That Sustain

The Sustainable Development Goals (SDGs) are a universal framework, applicable within and across all countries. And because advanced economies have so much more financial firepower being devoted to Covid-19 mitigation and recovery, they also have the opportunity to accelerate global gains.

In addition to taking the lead to ensure adequacy of resources to fight the pandemic everywhere, the largest and fastest-growing economies can be drivers in better management of the global commons – climate, oceans and biodiversity – on which all life depends.

Advanced economies also have disproportionate power to change the rules of the global economy in ways that promote equity and sustainability. For example, the OECD/G20 Inclusive Framework is showing signs of progress on fair taxation of multinationals – a proposal that, if accepted, would transfer far more money to developing countries than all foreign aid put together, even if not always to the countries that need the resources most. This and other tax fairness measures could substantially raise developing-country revenues.

Covid-19 has underscored the great challenge embedded in achieving the SDGs. However, it has also demonstrated that the SDGs are not ‘nice to have’ goals; they are ‘need to have’ milestones for the resilient global economy that must be built. Great feats tend to be anchored in corresponding heights of ambition.

From ‘Sustainable Development Goals: How Can They Be a Handrail for Recovery?’,

The Brookings Institution


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