Sustainable Development Report 2022 UPSC: Relevance
- GS 2: Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources
Sustainable Development Report 2022: Context
- Recently, UN SDSN has released the Sustainable Development Report 2022 where it has revealed that for the second year in a row, the world is no longer making progress on the SDGs.
Sustainable Development Report: Key findings
- Peace, diplomacy, and international cooperation are fundamental conditions for the world to progress on the SDGs towards 2030 and beyond.
- For the second year in a row, the world is no longer making progress on the SDGs.
- Rich countries generate negative international spillovers notably through unsustainable consumption.
- A global plan to finance the SDGs is needed.
- The report highlights five priorities towards a global plan to finance the SDGs.
- First, the G20 should declare its commitment to channel far larger flows of financing to developing countries so that they can achieve economic development and meet the SDG targets.
- Second, the G20 should greatly increase the lending capacity and annual flows of the Multilateral Development Banks (MDBs), but also through greater leverage of their balance sheets.
- Third, the G20 should support other measures as well – notably large-scale philanthropy, and refinancing of debts falling due – to bolster SDG finance for the LICs and LMICs.
- Fourth, the IMF and the credit-rating agencies need to redesign the assessments of debt sustainability, taking into account the growth potential of developing countries and their need for far larger capital accumulation.
- Fifth, developing countries need to strengthen their debt management and creditworthiness by integrating their borrowing policies with tax policies, export policies, and liquidity management, all to prevent future liquidity crises.
SDG report India
- The report shows that India is not placed well to achieve the SDGs and its preparedness has worsened over the years in comparison with other countries.
- India’s rank in the global Sustainable Development Report, 2022 has slipped for the third consecutive year. Sustainable Development Report India rank: 121.
- India continues to face major challenges in achieving 11 of the 17 SDGs, which has pushed down its global ranking on SDG preparedness.
- The progress in around 10 of these goals that include SDG 2 on ending hunger, SDG 3 on good health and well being and SDG 6 on clean water and sanitation.
- With eight years left to meet the global goals on sustainable development, according to the report, the country is off-track.
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