The Millennium Development Goals (MDGs) were a narrow set of eight goals and 18 targets focused on developing countries. In contrast, the MDGs’ successors – the Sustainable Development Goals (SDGs) adopted in September 2015 at the United Nations General Aassembly, apply across the world.
The duty of establishing post-2015 goals was the product of the Rio+20 summit in 2012, which tasked a working group, represented by 70 countries, with drawing up a report which went to the UN’s 190 member governments in July 2014.
The SDGs feature 17 goals, with 169 associated targets, ranging from ensuring access to energy, water, education and healthcare, to improving infrastructure and industrialisation and tackling inequality.
As the goals of development policy are changing so, too, are their financing.
The clear message from the donor community at the Financing for Development Conference in Addis Ababa in July 2015, where ministers agreed on how to fund the new targets, was that direct aid will not be increased sufficiently to meet the goals and that the need for multi-stakeholder collaboration – with the private sector and domestic revenues playing a crucial role – will be more important than ever.
Sovereign is a supporter of the 2030 Agenda for Sustainable Development and uses the Global Goals and related targets as guiding principles in our work with stakeholders in the development field.
Sovereign has created inclusive partnerships – a central tenet of sustainable development – over many years and is an advocate of policy coherence, robust legislative frameworks and resource mobilization for sustainable development as defined by Agenda 2030.
We work with governments, the private sector and other stakeholders across the development community to ensure that these policy objectives remain on track.