Leveraging South-South cooperation to finance the SDGs

Progress towards the Sustainable Development Goals (SDGs) in the Global South is being threatened by the mounting challenges facing developing countries due to the repercussions of the COVID-19 pandemic and the prolonged Russia-Ukraine war, and receding aid from traditional donor countries. As the achievement of the SDGs remains more relevant than ever, this brief proposes the creation of a Global South Development Assistance Committee (DAC) as an institutional structure to coordinate South-South development cooperation and enhance its effectiveness in order to achieve the SDGs. SDG17, which seeks to revitalise partnerships for sustainable development, can offer a guiding framework to shape the modalities and focus of South-South cooperation for SDGs in the areas of trade, finance, and technology.