Enhancing domestic resource mobilisation key to SDGs

Govt officials, experts say at a conference

Staff Correspondent | Published: 00:05, Jul 05,2018

 
 

Enhancing domestic resource mobilisation would be the key to achieving sustainable development goals as Bangladesh would require around 20 per cent of its accumulated GDP by 2030 to achieve the goals, government officials and experts said on Wednesday.
On the first day of the three-day national conference on SDGs implementation review, they also called upon the international lenders and development partners to come up with more finance helping the government meet the resource gap.
General Economics Division of the Planning Commission and Governance Innovation Unit of the Prime Minister’s Office jointly organised the conference at Bangabandhu International Conference Centre in Dhaka.
The country will require at least $928.48 billion additional investment up to 2030 to attain the SDGs, according to the GED estimation.
Of the amount, 85 per cent is estimated to come from domestic resource while only 15 per cent is from external sources.
At the opening ceremony, state minister for finance MA Mannan urged all stakeholders including government officials, NGOs, development partners and international agencies to work diligently to achieve the targets.
Hopefully, all of you would work with the government in future in this direction, he said.
Prime minister’s principal secretary Md Nojibur Rahman said that Bangladesh needed support of the international community to minimise the resource gap to implement the SDGs as the government alone would not be able to meet the gap.
He urged the development partners and other international agencies to come forward with financing plan in this regard.
GED member Shamsul Alam said the government had already prepared national action plan and mapping for SDGs with specific responsibilities of the ministries and estimated required funds for each goals and targets.
Bangladesh will require around 20 per cent of its accumulated GDP to attain the SDGs by 2030, he said.
After the opening ceremony, a number of ministries and divisions at three different sessions made presentations on their progress and way forward.
Economic Resource Division secretary Kazi Shofiqul Azam revealed that foreign loans and grants disbursement almost doubled to more than $ 6 billion in the just concluded fiscal year 2017-2018 from $3.67 billion in previous FY 2017.
Hopefully, the rate of disbursement and use of pipeline amount would rise further, he said.
Bangladesh Bank former governor Mohammad Farashuddin, National Board of Revenue chairman Md Mosharraf Hossain Bhuiyan, Centre for Policy Dialogue executive director Fahmida Khatun also spoke at the sessions moderated by PMO’s SDGs affairs chief coordinator Abul Kalam Azad.

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