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New Africa Sustainable Development Report highlights urgent need for increased financing

|Comments and Research
23 July 2024

Africa photo by  Ninno JackJr on UnsplashThe recently released 2024 Africa Sustainable Development Report (ASDR) has underscored a critical message: without significant increases in development financing, Africa's progress towards sustainable development goals (SDGs) and the African Union's Agenda 2063 is at serious risk.

The report, launched on July 16, 2024, during the High-Level Political Forum on Sustainable Development in New York, serves as a wake-up call for governments, organizations, and private sector actors to mobilize resources and implement innovative solutions to address pressing challenges.

Background and Context

Africa's development landscape is characterized by a complex interplay of opportunities and challenges. The continent has made strides in areas such as poverty reduction, gender equality, and access to education and healthcare. However, the ASDR reveals that less than six percent of the measurable SDG targets are currently on track to be achieved by 2030. The report identifies critical areas requiring

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