Sustainable Development Goal 17 (SDG17 or Global Goal 17) advances "partnerships for the goals." As one of the 17 Sustainable Development Goals established by the United Nations in 2015, SDG17 aims to "strengthen the means of implementation and revitalize the global partnership for sustainable development." SDG17 refers to the need for the nonhegemonic and fair cross sector and cross country collaborations in pursuit of all the goals by the year 2030. The framework calls on international stakeholders to coordinate their efforts toward accomplishing the SDGs.
SDG 17 is a vision for improved and more equitable trade, as well as coordinated investment initiatives to promote sustainable development across borders. It is about strengthening and streamlining cooperation between nation-states, both developed and developing, using the SDGs as a shared framework and a shared vision for defining that collaborative way forward. It seeks to promote international trade and an equitable trading system. The Goal has 17 targets to be achieved by 2030, broken down into five categories: finance, technology, capacity building, trade and systemic issues. Progress towards targets will be measured by 25 indicators. All these targets are regarded as means of implementation targets. Text was copied from this source, which is available under a Creative Commons Attribution 4.0 International License
With US$5 trillion to $7 trillion in annual investment required to achieve the SDGs, total official development assistance reached US$147.2 billion in 2017. This, although steady, is below the set target. In 2016, six countries met the international target to keep official development assistance at or above 0.7 percent of gross national income. In 2017, international remittances amounted US$613 billion, with 76 percent invested in developing countries. The bond market for sustainable business is also growing. In 2018 global green bonds reached US$155.5 billion, up to 78 percent from 2017.
Humanitarian crises brought on by conflict or natural disasters have continued to demand more financial resources and aid. Even so, many countries also require official development assistance to encourage growth and trade. The global progress map for SDG 17 shows that significant and major challenges remain in the majority of the world. Many regions of strong economic status perform very poorly, like the United States and much of Europe.
Background The Sustainable Development Goals are a collection of 17 global goals set by the United Nations to be implemented by the year 2030. A successful sustainable development agenda requires partnerships between governments, the private sector and civil society. These inclusive partnerships built upon principles and values, a shared vision, and shared goals that place people and the planet at the center, are needed at the global, regional, national and local level.
Sustainable Goal 17 targets long-term investments to empower sectors and companies in need, more adaptable in developmental countries. Its main aim reaches improving the following aspects of a country that include: energy, infrastructure, transportation systems, IT infrastructure to different communications technologies channels.
The framework of development covers evaluating and following up with rules and regulations, the sector's structure to attract more investment projects to the country and thus improving its economical standards.
Targets, indicators and progress
SDG 17 has 19 targets and 25 indicators. Below is the list of all the targets with a short version and a long version of the titles. For all the other indicators, data and world maps are available to visualize progress.
Target 17.1: Mobilize resources to improve domestic revenue collection
Target 17.1 is formulated as: "Mobilize resources to improve domestic revenue collection: Strengthen domestic resource mobilization, including through international support to developing countries, to improve domestic capacity for tax and other revenue collection."
This target has two Indicators: Indicator 17.1.1: Total government revenue as a proportion of GDP, by source Indicator 17.1.2: Proportion of domestic budget funded by domestic taxes
Target 17.2: Implement all development assistance commitments Target 17.2 is formulated as: "Implement all development assistance commitments: Developed countries to implement fully their official development assistance commitments, including the commitment by many developed countries to achieve the target of 0.7 per cent of gross national income for official development assistance (oda/gni) to developing countries and 0.15 to 0.20 per cent of oda/gni to least developed countries; oda providers are encouraged to consider setting a target to provide at least 0.20 per cent of oda/gni to least developed countries."
This target has one Indicator: Indicator 17.2.1 is the "Net official development assistance, total and to least developed countries, as a proportion of the Organisation for Economic Co-operation and Development (OECD) Development Assistance Committee donors' gross national income (GNI)".
Target 17.3: Mobilize financial resources for developing countries Target 17.3 is formulated as: "Mobilize financial resources for developing countries: Mobilize additional financial resources for developing countries from multiple sources."
This target has two Indicators: Indicator 17.3.1: Foreign direct investment, official development assistance and South-South cooperation as a proportion of gross national income Indicator 17.3.2: Volume of remittances (in United States dollars) as a proportion of total GDP
Some of the implications of COVID-19 are related to the fall of remittances from $554 to billions by 2019 to US$445 billion on 2020, This situation will affect low and middle income countries as well as poor households.
Target 17.4: Assist developing countries in attaining debt sustainability Target 17.4 is formulated as: "Assist developing countries in attaining debt sustainability: Assist developing countries in attaining long-term debt sustainability through coordinated policies aimed at fostering debt financing, debt relief and debt restructuring, as appropriate, and address the external debt of highly indebted poor countries to reduce debt distress."
This target has one Indicator: Indicator 17.4.1 is the "Debt service as a proportion of exports of goods and services".
Target 17.5: Invest in least-developed countries Target 17.5 is formulated as: "Invest in least developed countries: Adopt and implement investment promotion regimes for least developed countries."
This target has one Indicator: Indicator 17.5.1 is the "Number of countries that adopt and implement investment promotion regimes for developing countries, including the least developed countries".
"Global foreign direct investment is expected to decline by up to 40% in 2020."
Target 17.6: Knowledge sharing and cooperation for access to science, technology and innovation Target 17.6 is formulated as: "Knowledge sharing and cooperation for access to science, technology and innovation: Enhance north-south, south-south and triangular regional and international cooperation on and access to science, technology and innovation and enhance knowledge sharing on mutually agreed terms, including through improved coordination among existing mechanisms, in particular at the united nations level, and through a global technology facilitation mechanism."
This target has one Indicator: Indicator 17.6.1 is the "Fixed Internet broadband subscriptions per 100 inhabitants, by speed". (this indicator used to be Number 17.6.2)
In 2020 it was proposed to delete the former Indicator 17.6.1 (Number of science and/or technology cooperation agreements and programs between countries, by type of cooperation).
Target 17.7: Promote sustainable technologies to developing countries Target 17.7 is formulated as: "Promote sustainable technologies to developing countries: Promote the development, transfer, dissemination and diffusion of environmentally sound technologies to developing countries on favorable terms, including on concessional and preferential terms, as mutually agreed.
This target has one Indicator: Indicator 17.7.1 is the "Total amount of funding for developing countries to "promote the development, transfer, dissemination and diffusion of environmentally sound technologies"
Target 17.8: Strengthen the science, technology and innovation capacity for least-developed countries Target 17.8 is formulated as: "Strengthen the science, technology and innovation capacity for least developed countries: Fully operationalize the technology bank and science, technology and innovation capacity-building mechanism for least developed countries by 2017 and enhance the use of enabling technology, in particular information and communications technology."
This target has one Indicator: Indicator 17.8.1 is the "Proportion of individuals using the Internet".
Despite the increase of the global share related to internet access the digital divide persist.
Target 17.9: Enhanced SDG capacity in developing countries Target 17.9 is formulated as: "Enhance SDG capacity in developing countries: Enhance international support for implementing effective and targeted capacity-building in developing countries to support national plans to implement all the sustainable development goals, including through north-south, south-south and triangular cooperation."
This target has one Indicator: Indicator 17.9.1 is the "Dollar value of financial and technical assistance (including through north–south, South‑South and triangular cooperation) committed to developing countries".
Target 17.10: Promote a universal trading system under the WTO
Target 17.10 is formulated as: "Promote a universal trading system under the WTO: Promote a universal, rules-based, open, non-discriminatory and equitable multilateral trading system under the world trade organization, including through the conclusion of negotiations under its Doha development agenda."
This target has one Indicator: Indicator 17.10.1 is the "Worldwide weighted tariff-average".
Target 17.11: Increase the exports of developing countries Target 17.11 is formulated as: "Increase the exports of developing countries: Significantly increase the exports of developing countries, in particular with a view to doubling the least developed countries' share of global exports by 2020." This target has one Indicator: Indicator 17.11.1 is the "Developing countries' and least developed countries' share of global exports".
Target 17.12: Remove trade barriers for least-developed countries Target 17.12 is formulated as: "Remove trade barriers for least developed countries: Realize timely implementation of duty-free and quota-free market access on a lasting basis for all least developed countries, consistent with world trade organization decisions, including by ensuring that preferential rules of origin applicable to imports from least developed countries are transparent and simple, and contribute to facilitating market access."
This target has one Indicator: Indicator 17.12.1 is the "Weighted average tariffs faced by developing countries, least developed countries and small island developing States".
Target 17.13: Enhance global macroeconomic stability Target 17.13 is formulated as: "Enhance global macroeconomic stability: Enhance global macroeconomic stability, including through policy coordination and policy coherence." This target also highlights the need for reforms in taxation, investment, and international financial institutions such as the IMF and World Bank to better support sustainable development goal.