GOVEARN: SDGs-Financing-Technology Triangle

Are we all in-sync?

According to the World Bank Group “The World Bank Group’s Twin Goals, the SDGs, and the 2030 Development Agenda. The Sustainable Development Goalsadopted in 2015 are an historic global achievement. … Among the 17 SDGs, ending extreme poverty is goal number one, and it is the same for the World Bank Group. [where] The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity for people and the planet, now and into the future. At its heart are the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all countries — developed and developing — in a global partnership. They recognize that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth — all while tackling climate change and working to preserve our oceans and forests.”

Goals 1 through 5 and 10 are related to advancing Global Citizens health, education, living standards & equality, and nutrition. Goals 6, 7, and 11, and 13 through 15 are related to environmental quality, clean energy, and the prime source of life being water and maritime life. Goals 8, 9, 11 and 12 are more related to development and consumption. Goal 16 is about peace and goal 17 is about PARTNERSHIPS.

Any observer could relate the 17 goals in categories according to sustainable development principles of balanced development of people, place, and profit. The question now is how could SDGs be implemented in real life terms?

Well, The World Bank Group and The United Nations are not expected to go door to door and nudge every citizen of the world to participate in the implementation of the SDGs to meet its targets by 2030, and are not required — and in fact not able to — push governments to go beyond their limited public budgets abilities to accelerate SDGs implementation. The matter of the fact is that both entities are providing the platform for member countries that endorsed the 2030 Agenda to incorporate sustainable practices into their respective public projects that eventually should lead to the implementation of the SDGs — if applied properly.

Though the suggestion of world organizations going door to door may seem unachievable, Dr. Mahmoud Mohieldin, the World Bank Group Senior Vice President for the 2030 Development Agenda, United Nations Relations, and Partnerships, is almost doing that — going door to door effort — promoting, educating, and encouraging the global community to put SDGs to action and to ensure they have enough knowledge and facilitation to meet the 2030 agenda. According to the World Bank Group “​The Senior Vice Presidency for the 2030 Development Agenda, United Nations Relations and Partnerships (SVPMM) maintains extensive contacts throughout the World Bank Group, the United Nations and other partners in order to build and manage various political, intergovernmental and inter-agency partnerships across a range of thematic and technical agendas. Led by Senior Vice President Mahmoud Mohieldin, the unit has offices in Washington DC, New York, and Geneva.”

Recently, reports signals from the international organizations presented that meeting the SDGs 2030 agenda — with the current status quo — could be delayed if an immediate and deliberate intervention is not exercised by the entities and individuals responsible on the actual work on the ground. In our humble opinion, this group consists of countries that endorsed the 2030 agenda and their respective citizens, that also are the global citizens in this context.

Now, lack of funding for public projects — worldwide — and the attention given to the more pressing development issues internally in each country may be looked at as the prime reason for delaying the 2030 agenda implementation. In this perspective, we factor in all of the stems represented by lack of funding which may be reflected in fiscal policies priorities, international investment in-flows/out-flows dynamics, trade balance, public policy and administration priorities, public budget constraints of sources and uses, private capital preferences and risk tolerance, country financial ratings and markets disparity, just to name few.

What is the solution? Capital mobilization could be one.

Utilizing financial technology through establishing the first blockchain based solution to crowdfund and mobilize raised capital. to be directed to fill in the gaps of public projects believed to be helping the implementation of the SDGs three categories, is exactly what we are building.