Broad in scope and high in ambition, the SDGs have been criticised for being overly aspirational, making them difficult to achieve. Many advocate for a narrower agenda or setting priorities within the SDG framework. With five years to go, this year’s report on the SDGs reflects halting progress, with only 18% of the SDGs on track, nearly half progressing too slowly, and close to a fifth even regressing below the 2015 level. Although the report shows a modest track record on eradicating global poverty, which is only 1.5 percentage points less than in 2015 and predicted to stagnate by 2030, there are areas of progress in the last decade, such as substantial decreases in under-five and maternal deaths, reductions in HIV/AIDS and malaria mortality rates, improvement in the share of women in national parliaments, increases in social protection, access to safe drinking water, sanitation and basic hygiene services.
Aside from debate on the progress and challenges in achieving the goals, there is little doubt that to tackle poverty, protect the planet, and ensure prosperity for all, the world must work together. A global framework, like the SDGs, is a requisite, especially for the developing world, which faces greater development deficits.
Developing countries, which are bearing the brunt of escalating climate change, rising political and economic uncertainty, and stagnant global trade, are facing a widening SDG financing gap, which reached $4 trillion this year. Since 2020, higher borrowing costs have pushed developing countries into deeper debt, with global public debt reaching a record $102 trillion in 2024. This has further constrained these countries from investing in sustainable development, making the SDGs even more unattainable.
There are many ways the framework for SDGs can be made responsive; for instance, countries can be supported in sequencing goals based on national capacity and context, progress can be linked to incentives like access to financing or partnerships, along with a greater push towards localisation and context-specific targets.
The current crisis in development presents an opportunity for developing countries, which have long advocated for multilateral reform, to take the lead in shaping the future of global sustainability governance. By forging coalitions based on shared experiences and challenges, and focusing on a combination of innovative financing, localisation of solutions, and regional cooperation, developing countries can steer the SDG agenda.