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Financing for Sustainable Development Report 2024

Why is it in the news?

  • United Nations Department of Economic and Social Affairs has released Financing for Sustainable Development Report 2024.

 Key highlights

  • Financing gap for developing countries estimated at $2.5 trillion to $4 trillion annually.
  • Developing countries face significant disparities in access to long-term and contingency financing.
  • Policy, regulatory, and tax frameworks not adequately aligned with Sustainable Development Goals (SDGs).
  • Systemic risks such as the Covid-19 pandemic and increased frequency of disasters strain national financing frameworks.
  • Average GDP growth rates in developing countries declined to just over 4% annually between 2021 and 2025.
  • Median debt service burden for Least Developed Countries (LDCs) reached 12% in 2023.
  • Other concerns include digitization-induced risks and rising geopolitical tensions.


  • Building tax capacity to enhance tax revenue for SDG delivery.
  • International development cooperation to mobilize additional financial resources, such as a new approach to blended finance focused on sustainable trade and responsible business conduct.
  • Intensified action to address debt challenges faced by developing countries.
  • Enhancing coherence between trade, investment, and sustainable development.
  • Funding for data and statistical systems to generate actionable insights for advancing SDGs.

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