Increasing cooperation for sustainable development: imperatives for India’s G20 Presidency
This paper highlights the imperatives for India’s G20 Presidency for promoting development cooperation towards the achievement of the Sustainable Development Goals (SDGs). Given its unique development cooperation model—more precisely, its development partnership model—India can utilise its G20 presidency to push the sustainability agenda. This will help bridge the North-South divide in sustainable development financing. The paper recommends the creation of a G20 Development Finance Institution (DFI) to facilitate finance flows to the developing countries and open up new pathways towards Agenda 2030. Combining the best features of North-South cooperation, the DFI will focus on social returns, rather than economic.