Summit year 2015
From MDGs to SDGs: financing sustainable development
2015 – the year of the German G7-Presidency – is a decisive one for development finance; at the UN General Assembly in September, the Millennium Development Goals (MDGs) will be superseded by the Sustainable Development Goals (SDGs), which will bring together the economic, ecological and social targets and will apply equally to developing, emerging market and industrialised countries. In November/December 2015 at the COP21 climate conference in Paris a new international climate agreement will be negotiated. And prior to this in July 2015, the Financing for Development conference will be held in Addis Ababa following on from the Monterrey and Doha conferences, with the aim of designing an international financial framework for implementing the SDGs. The financing requirements resulting from the SDGs will be huge, with state development banks playing a key role in this regard.