Recovery, Renewal, Resilience

Lessons for Resilience

Consider how to utilise the Sustainable Development Goals (SDGs) as a foundation for economic recovery and renewal
Economic strategy

The SDGs, represent the world's agreed economic, social, and environmental targets for 2030, and can act as a common scorecard to ensure there are objective standards for assessing progress. Localising the ambition of the SDGs to develop local economic development strategies can help integrate social and environmental standards within local economic agendas, reduce disparities between regions, generate local business opportunities and jobs, and aim to include all marginalized communities. Consider how the SDG framework can support inclusive and diversified economic growth:

  • Integrate SDG targets into on-going budget reviews process, thereby improving resource allocation and performance evaluation
  • Examine the link between ongoing public policies, the SDG targets and budget expenditures
  • Analyse the official indicators related to budget-planning instruments
  • Partner with the private sector to launch impact investment initiatives that address the SDGs, recovery and renewal from COVID-19 and sustainable economic renewal
Source link(s):