Achieving the SDGs has become even harder amid the pandemic. The Covid-19 shock has eradicated past achievements and made financial resources much scarcer. Covid measures have led to rising debt levels around the world, impeding the fight against poverty, the long-term strengthening of health systems and SDG achievement in general. Refinancing debt on capital markets may also be difficult given that the fall-out of the pandemic for economies has only begun to unfold. Solutions for financing long-term debt and debt restructuring that enable countries to finance SDG-supporting investments are urgently needed.
