Analysis of sources and tools for attracting financial resources to finance the Sustainable Development Goals in Ukraine

Analysis of sources and tools for attracting financial resources to finance the Sustainable Development Goals in Ukraine

November 23, 2022

Achieving the Sustainable Development Goals (SDGs) by 2030 requires substantial financial investments, while countries have increasing opportunities to engage new and additional sources of financing, as well as to use a variety of innovative financing approaches.

The purpose of this study was to conduct an analysis of the main sources of funding, as well as tools for attracting financial resources that can be directed to the implementation of the Sustainable Development Goals in Ukraine.

The purpose of this research was to analyse the main sources of funding, as well as tools for attracting financial resources that can be used to achieve the Sustainable Development Goals in Ukraine. This document describes the content, world practice and relevance to Ukrainian context, advantages and obstacles of using development financing sources (Section  2) and tools (Section  3). The analysis includes the most common globally financing sources and tools that are or can be used in Ukraine. Based on the analysis, Section  4 of this document presents main recommendations for representatives of the Government of Ukraine in respect of attracting various types and forms of development financing, as well as main conclusions based on the analysis result.

 The analysis was carried out by Ernst & Young LLC (EY) as part of the implementation of the program "Promoting Strategic Planning and Financing of Sustainable Development at the National and Regional Level in Ukraine" together with UNDP and the Office of Sustainable Development Goals, created with the financial support of the Governments of Sweden and Switzerland.

The report has been prepared before the start of the full-scale war in Ukraine. However, the conclusions and recommendations for sustainable development remain relevant during and after the war.