April 2019
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Rising debt, tax evasion and illicit financial flows key hindrances to financing the 2030 Agenda for Sustainable Development

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Rising debt, tax evasion and avoidance and illicit financial flows are among the principal structural global impediments to domestic resource mobilization that are hindering the achievement of the Sustainable Development Goals (SDGs), as highlighted  by the Director of the Regional Commissions NY Office during the “Conference on Financing Sustainable Development – Curbing Illicit Financial Flows” organized by the Economic and Social Commission for Western Asia (ESCWA) in Beirut, Lebanon on 28-29 November 2018.

Since an estimated global annual investment of US$ 5 – 7 trillion is needed to implement the SDGs, urgent international and regional efforts to strengthen countries’ capacities to mobilize domestic resources were discussed.

Taking a cue from the United Nations Secretary General’s recently launched Strategy for Financing the 2030 Agenda for Sustainable Development (2018-2021), the Conference aimed to propel the transformative transition from ‘funding to financing’ measures, as well as pave the path towards deploying the necessary actions to combat Illicit Financial Flows. This Conference will serve as an important milestone ahead of the High-level Dialogue on Financing for Development and the High-Level Political Forum Leaders’ Summit in 2019.

Presentation