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An important challenge is embedded in the
title of this year’s report: Time for Hard Choices.
In a financing world which is both simple
and complex, the choices are numerous and
what follows are hard decisions about the
allocation of resources. A multilateral
approach to today’s global challenges will
need to use evidence to show its competitive
advantage. From here on, the financing
The intention of this report is to wake us up to the
reality that the financing of the United Nations
development system (UNDS) is currently in the
spotlight of a complex reform agenda. At the same time,
financing is a crucial dimension of a multilateral
approach to addressing the world’s urgent development
challenges. The report showcases the complexities and
innovations within Sustainable Development Goal
(SDG) financing and the need for a firm multilateral
approach when it is best for SDG achievement.