2020 Financing for Sustainable Development Report: International Development Cooperation

Cover of the 2020 Financing for Sustainable Development Report

The 2030 Agenda for Sustainable Development will place significant demands on public budgets and capacities that require scaled-up and more effective international support, including both concessional and non-concessional financing. Yet, in 2018, official development assistance (ODA) declined by 4.3 per cent and remains well below the 0.7 per cent commitment in the Addis Agenda. The decline was due in large part to a decrease in financing for refugees in donor countries; however, gross ODA to least developed countries (LDCs) also fell by 2.2 per cent in real terms. The Inter-agency Task Force on Financing for Development calls on ODA providers to reverse the decline in ODA, particularly to LDCs, and strongly reiterates previous calls for ODA providers to step up their efforts to meet commitments made in the Addis Ababa Action Agenda.

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