The Spending Challenge for Reaching the SDGs in Sub-Saharan Africa

Delphine Prady () and Mouhamadou Sy ()
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Delphine Prady: International Monetary Fund
Mouhamadou Sy: International Monetary Fund

The European Journal of Development Research, 2023, vol. 35, issue 5, No 5, 1102-1126

Abstract: Abstract This paper documents the additional spending that is required for sub-Saharan Africa (SSA) to achieve meaningful progress in Sustainable Development Goals (SDGs) by 2030. Benin and Rwanda are presented in detail through case studies. The main lessons are (i) average additional spending across SSA is significant, at 19% of GDP in 2030; (ii) countries must prioritize their development objectives according to their capacity to deliver satisfactory outcomes, (iii) financing strategies should articulate multiple sources given the scale of additional spending, and (iv) strong national ownership of SDGs is key and should be reflected in long-term development plans and medium-term policy commitments.

Keywords: Sustainable development goals; Fiscal policy; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: I15 O15 O23 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1057/s41287-022-00563-9

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