Productive growth

Sustained and inclusive economic growth is an essential requisite for poverty eradication and sustainable development. Productive infrastructure, access to ICT and new technologies, and a stable macroeconomic environment are some of the most important determinants of long-term growth. These are some of the topics covered in this theme of SDG Pulse, along with the domestic and international mechanisms available to finance these policies.

As shown in the statistics and insights presented in SDG Pulse, there are great opportunities to use infrastructure, new technologies, sound economic policy and stable financing mechanisms as enablers of growth. However, these same areas, when not properly managed, could also become obstacles for development. The SDG indicators allow countries to monitor these areas and identify the most urgent priorities.

Available data on these SDG indicators show a mixed picture. On one hand, there has been significant progress in developing economies in many areas, including access to ICT technologies among the population and a growing weight as transport hubs for global trade. On the other hand, there are also important concerns in many countries regarding access to international sources of financing for development and debt sustainability, concerns that have only grown more acute in light of stresses brought on from the aftermath of the COVID-19 pandemic and the war in Ukraine. In terms of domestic resource mobilization, illicit financial flows are increasingly considered as a significant threat to sustainable development, requiring concerted national and international efforts to contain it.

The weight of international financing sources for LDC economies has remained stable since 2005, representing more than 12 per cent of their GNI in 2021.
UNCTAD & OECD SDG indicator 17.3.1
120 countries had signed a bilateral investment treaty with an LDC in 2021.
UNCTAD SDG indicator 17.5.1

Donor countries continue to fall short on their ODA commitments.
SDG indicator 17.2.1
International maritime transport was heavily impacted in 2020 and continues to be impacted by capacity shortages, weighing on global trade.
SDG indicator 9.1.2
Access to ICT technologies, including broadband connections, continues to rise in developing regions, but they still lag behind the levels of developed regions.
SDG indicator 17.6.1
As external debt stocks in the developing world expand, debt servicing continues to affect the ability to finance development, especially in low-income economies.
Pilots will help to find feasible country-specific solutions to applying the common framework for IFFs.
UNCTAD & UNODC SDG indicator 16.4.1

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