Le President of the African Development Bank Group (AfDB) emphasized the urgent need to significantly increase the funding to achieve the Sustainable Development Goals (SDGs).

A press release says AfDB President Akinwumi A. Adesina pointed to a growing annual financial deficit of $4 trillion, a gap that threatens to derail efforts to achieve the SDGs by 2030. The president said the current annual deficit of $4 trillion, up from $2.5 trillion in 2015, has been fuelled by recent global economic pressures and the lingering impacts of the Covid-19 pandemic. He highlighted five key areas where immediate action and innovative financing are crucial: climate change, food security, access to energy, health security, and mobilizing more resources for the SDGs