Common purpose, common future: transforming finance for sustainable development to combat the COVID-19 and climate crises

two women carrying large baskets up a hill.
Image: WaterAid/ Sibtain Haider

The Sustainable Development Goals (SDGs) and the Paris climate commitments are ambitious but vital. They will require sustained investment. While a significant portion will be provided by the private sector, a major share will also have to come from the public sector.

The COVID-19 pandemic is hitting developed and developing countries hard, and its economic impact will be severe. With less than a decade to go to achieve the Sustainable Development Goals (SDGs) which aim to eradicate extreme poverty, progress will stall – and in many cases reverse – when faced with the dual crises of COVID-19 and climate change, unless urgent action is taken.