UNDP Issue Brief: Financing Development in Times of Change

The gap between public resources and the funding targets for SDGs requires that a systematic and efficient revenue mobilisation modality is implemented, whilst at the same time, new alternative and innovative sources of funding are explored. The COVID-19 crisis response creates an unprecedented opportunity to invest long term to build better by spending on human capital, social protection systems, and in sustainable resilient infrastructure and technology. To achieve this, the government would do well to implement an integrated financing strategy that sets out a coherent framework for mobilising the necessary scale of development finance from diverse public and private sector resources.