UNDP is hosting four sessions during the Building Bridges Action Days this year, with a focus on sovereign debts and investment opportunities in Africa.

The overlaying of crises has aggravated the financing needs for the Sustainable Development Goals (SDGs), especially among low-income and vulnerable countries. 25 developing economy governments have external debt service payments higher than 20 percent of total revenue – the highest number of countries in more than 20 years. Coupled with rising debt burdens this considerably shrinks space for spending on essential services. In tackling the debt crisis and lack of access to affordable financing, the UN has called for an SDG stimulus to address the immediate binding constraints on financing and mobilize investments for the SDGs in developing countries.  

In cooperation with the FC4S in Nairobi, Kigali and Lagos, UNDP promotes a discussion and exchange about the environment for SDG investments in these jurisdictions and Africa more broadly, the conditions and collaborations needed to build pipelines of SDG investments in the continent, and the perception of financial centres concerning risks and opportunities for investments in Africa. 

Register to participate at UNDP’s events at Building Bridges Week 2023 on https://registration.buildingbridges.org/  

Consult the full program of the Building Bridges Action Days on https://www.buildingbridges.org/2023-edition/actiondays/