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Financing the Sustainable Development Goals in Developing Asia: Social Protection Goals

Event | 15 - 16 February 2017 Lotte Hotel, Seoul, Republic of Korea

Background

In September 2015, the United Nations adopted the Sustainable Development Goals (SDGs) consisting of 17 goals and 169 targets to be achieved by 2030. These were set out to complete the unfinished business of the Millennium Development Goals, and to adopt a much broader development agenda.

Preliminary research indicates that meeting the SDGs could consume as much as 15% of GDP; countries like Lao PDR and Myanmar will face serious fiscal challenges. If SDGs are to be seriously pursued, long-term national, financial, and fiscal planning would have to take these new obligations into account. Detailed cost estimates and fiscal space analyses for full compliance with the SDG requirements should be done early to establish meaningful medium to long-term financial planning processes. However, policy makers in ADB’s developing member countries (DMCs) lack the capacity to accurately estimate the fiscal implications of meeting the SDGs.

To close this knowledge gap, ADB initiated research on economic methods to estimate the fiscal implications of meeting the SDGs, and pilot applications of the methods. Due to the large number of SDGs and DMCs, the research was limited to SDGs relevant to social protection, and applied in five countries (Indonesia, Myanmar, Mongolia, Timor-Leste, and Viet Nam). The methods, however, can be applied to all DMCs and extended to other kinds of SDGs.

On 24–27 October 2016, ADB convened a workshop at the OECD Korea Policy Center in Seoul to review the methodology and the status of data collection and analyses. Upon completion of the research, policy makers in DMCs will need training on application of the methods to estimate the fiscal requirements of the SDGs. The ADB Institute, in partnership with ADB, will present the findings of the five case studies and provide training in applying these methods for officials of DMCs.

ADB’s main partner for this event will be the Social Development Thematic Group. The OECD Korea Policy Center and ILO are also partners in the original research project and will participate in the event.

Objectives

  • To enhance the capacity of policy makers to estimate the fiscal requirements of meeting the SDGs;
  • To improve methods for estimating fiscal requirements of the SDGs;
  • To identify examples of estimated fiscal impacts of the SDGs; and
  • To recommend policies for implementing the social protection agenda of the SDGs.

Participants

About 29 people including ADB and ADBI funded participants. Participants and speakers will be drawn from ministries involved in finance and social protection in ADB’s DMCs.

Output

  • Better understanding of fiscal requirements of meeting the SDGs;
  • Improved methods for estimating them;
  • Better understanding of social protection policies and their implementation; and
  • A publication showing the method and examples in 5 countries.

How to register

By invitation only.

Language

English

Partners

Asian Development Bank (ADB), International Labour Organization (ILO), and OECD Korea Policy Center

Time of event

09:00 - 18:00