Eleven multilateral development banks (MDBs) and the IMF have so far mobilised $230 billion to reduce the impact of the coronavirus pandemic in 2020 and 2021 - $75 billion of which will be directed the poorest countries by the end of the year, according to their first joint report on financing Sustainable Development Goals (SDGs).
The European Investment Bank (EIB) contributed to this report published on 10 December, at a time when the pandemic threatens to reverse progress towards SDGs.
This report highlights collective and individual MDBs efforts to support countries to achieve all of the SDGs.
“The Covid-19 pandemic has reinforced the relevance of the 17 SDGs as a roadmap for inclusive, sustainable, green and resilient recovery. In responding to the crisis, countries and their development partners have an opportunity to refocus on the SDGs”, according to the report.
In a press release, the EIB states that it has been developing a new mapping methodology for measuring and reporting on its contribution to each of the 17 SDGs, both in financial terms as well as in terms of physical project outputs and outcomes. (Original version in French by Aminata Niang)