Since the agreements on the 2030 Agenda and the Financing of development (AAAA) agreement in 2015, the member countries of the United Nations have agreed that domestic and foreign direct investment are expected to be aligned with the 2030 Agenda.
The 17 SDGs of the 2030 Agenda are supposed to be achieved in an integrated manner focusing at the same time on social, economic and environmental sustainability and be implemented in a transparent, inclusive and participatory manner.
In order to achieve these 17 goals and guiding principles, very substantial financial investment will be required. According to the 2014 World Investment Report (WIR) by the United Nations Conference on Trade and Development (UNCTAD), approximately 4 trillion USD will be required every year in developing countries alone for the SDGs to be achieved by2030.
The New Diplomacies are needed to help state and non-state actors find common ground and engage in mutually beneficial cooperation. This presentation will highlight key interactions between the New Diplomacies that is Economic, Commercial, Business, IGO (intergovernmental organization) and CSO Diplomacy.