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Financing the SDGs: How Bangladesh May Reshape Its Strategies in the Post-COVID Era?

Author

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  • Kazi Arif Uz Zaman

    (Bangladesh Bank (the Central Bank of Bangladesh))

Abstract

COVID-19 has acutely arrested the attainment of sustainable development goals (SDGs). Internal mobilization of resources got slimmed as the government's expenditure on health and social safety nets have increased. External sources are also constricted owing to the uncertainties over the cross-border investment and economic recovery process of the countries. A government study in 2017 projected that Bangladesh, on average, would need an additional USD 68.83 billion from internal sources and USD 11.03 billion from external sources since 2021 to accomplish its SDGs by 2030. Using autoregressive distributed lag (ARDL)forecasting techniques, this paper re-estimated future flows of all SDGs funding sources, e.g., fiscal revenues, private sector investment, non-government organizations (NGOs), public–private partnerships, foreign direct investments, and foreign grant still 2030 under the purview of the COVID-19. Revised allocation estimated by this study reveals that private investment and NGOs would need to contribute higher than the 2017 estimation during 2021–2025 while only private investment needs to be higher during 2026–2030.

Suggested Citation

  • Kazi Arif Uz Zaman, 2023. "Financing the SDGs: How Bangladesh May Reshape Its Strategies in the Post-COVID Era?," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 35(1), pages 51-84, February.
    • Handle: RePEc:pal:eurjdr:v:35:y:2023:i:1:d:10.1057_s41287-022-00556-8
    DOI: 10.1057/s41287-022-00556-8
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    More about this item

    Keywords

    SDG financing; Post-COVID; ARDL model; Resource mobilization; Bangladesh;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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