Countries, Land-locked Developing Countries, Small Islands Developing States, and
countries in vulnerable situations.
91. Responsibility for raising the domestic public revenues necessary for the core
economic and social functions – for example to ensure a social protection floor and to
remedy exclusion – rests primarily with each national government. National laws and
policies are to dedicate adequate and timely resources to these purposes, while public
institutions are to act in the public interest. This includes environmentally and socially
sound policies, promotion of human rights, strong institutions and the rule of law.
However, domestic efforts need to be complemented by a supportive international
environment.
92. Urgent action is needed to mobilize, redirect, and unlock the transformative
power of trillions of dollars of private resources to deliver on sustainable development
objectives. Long-term investments, including foreign direct investment (FDI), are needed
in critical sectors, especially in developing countries. These include sustainable energy,
infrastructure and transport, as well as information and communications technologies.
The public sector will need to set a clear direction. Review and monitoring frameworks,
regulations and incentive structures that enable such investments must be retooled to
attract investments and reinforce sustainable development. National oversight
mechanisms such as supreme audit institutions and oversight functions by legislature
should be strengthened.
93. Efforts to increase the effectiveness of development cooperation need to be
enhanced based on basic principles of country ownership, results focus, inclusive
partnerships, transparency and accountability.
94. Long-term decarbonization of our economies; access to energy, water and food;
and sustainable agriculture, industry, infrastructure or transport will ultimately be
achieved through the same investments at the project level. In addition, it will be
important to consider that many of the investments to achieve the SDGs will take place at
the sub-national level and led by local authorities.