How to Assess Spending Needs of the Sustainable Development Goals: The Third Edition of the IMF SDG Costing Tool
IMF How To Notes, December 14, 2023
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- How to Assess Spending Needs of the Sustainable Development Goals: The Third Edition of the IMF SDG Costing Tool
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Bibliographic details
- Authors: Piergiorgio M Carapella, Tewodaj Mogues, Julieth C Pico-Mejia, Mauricio Soto
- Published: December 14, 2023
- Series: IMF How To Notes
- DOI: https://doi.org/10.5089/9798400258787.061
Overview and scope
- Technical overview and description of the 3rd edition of the IMF SDG costing tool.
- Focused on estimating additional spending needs to achieve a strong performance in selected SDGs for:
- Human capital development: health and education.
- Physical capital development: infrastructure, in particular water and sanitation, electricity, and roads.
- The 3rd edition includes data and methodological updates and generally remains faithful to the original approach described in Gaspar et al. (2019).
Key quantitative findings
- Global additional spending needed to achieve a strong performance in the selected SDGs in 2030: US$3.0 trillion (3.4 percent of 2030 world GDP).
- Average additional SDG cost for LIDCs in 2030: 16.1 percent of 2030 LIDC GDP.
- Average additional SDG cost for EMEs in 2030: 4.8 percentage points of their GDP in 2030.
- Additional cost for AEs in 2030: under 0.2 percent of their 2030 GDP.
Methodology and updates
- Builds on the original approach in Gaspar et al. (2019) with data and methodological updates.
- Produces desk estimates of additional spending needs across the selected sectors and goals.
Implications and interpretive points
- Large heterogeneity across country groups: LIDCs face substantially higher additional spending needs (16.1 percent of GDP) relative to EMEs (4.8 percentage points of GDP) and AEs (under 0.2 percent of GDP).
- Aggregate global financing needs are concentrated in human capital (health and education) and core infrastructure (water and sanitation, electricity, roads).
Publication metadata
- Authors: Piergiorgio M Carapella, Tewodaj Mogues, Julieth C Pico-Mejia, Mauricio Soto
- Date: December 14, 2023
- Pages: 37
- Series: How-To Note No 2023/005
- Issue: 005
- Volume: 2023
- DOI: https://doi.org/10.5089/9798400258787.061
- ISBN: 9798400258787
Source: IMF How To Notes — "How to Assess Spending Needs of the Sustainable Development Goals: The Third Edition of the IMF SDG Costing Tool".
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