The institutions coordinating global sustainability governance
Led by Mara Wendebourg
Global sustainability governance relies on many institutions to cooperate. The High Level Political Forum (HLPF) orchestrates the implementation of the SDGs and provides a platform for states to share their voluntary national reviews. Yet, the HLPF has failed to provide political leadership and coordination in the implementation of SDGs. Hence, institutional arrangements need to be amended to adjust procedural rules. Moreover, Inter-Agency Expert Group on SDG Indicators (IAEG-SDGs) is mandated to develop and provide technical support for the implementation of indicators and monitoring framework. However, the IAEG-SDG does not have any formal arrangements with the HLPF and its membership is restricted to member states and members of regional commissions and regional and international agencies.
In addition, the financial architecture supporting the completion of the SDGs requires the implementation of the Addis Ababa Action Agenda. This includes mechanisms for fair and effective resolution of debt crises and the adjustment of multilateral development banks and funds to support SDGs. Guidelines and standards for de-risking and transparency mechanisms are also needed so that public financing can cascade to private sector financing without increasing a country’s debt.
This research explores ideas for reforming the institutional arrangements of these different key institutions in global sustainability governance.