The Road to the SDGs

PURPOSE X The unprecedented magnitude of the pandemic’s impacts has jeopardised the economic wellbeing of citizens and institutions worldwide. It has also shown the lack of readiness of MCs to manage the anticipated scale of loss, both in population and financial terms. X In this context, the role of MDBs is crucial in addressing the need to set up short-, medium- and long-term containment policy measures and regulations to pre- empt future multidimensional crises. X In addition, most of IsDB’s MCs will need to intensify investments in critical healthcare infrastructure and systems in the medium and long term. Areas for focus include: – Quickly containing the rise in infected patient volumes – Managing supply and demand proactively – Creating contingency for local production facilities and critical medical equipment, including testing – Providing adequate treatment. METHOD X The rapid reaction of the MDB community has already proved critical in managing and mitigating the COVID-19 crisis. X In his capacity as the chairman of the Heads of MDBs meetings for 2020, IsDB President chaired a brainstorming session to chart the future of MDBs. X Recent months have seen MDBs refocusing on the SDGs as they set new post-COVID-19 trajectories. In fact, MDBs are aware of the need to provide additional support to MCs to reposition them on the 2030 targets of the SDGs. X Attainment of the SDGs at country level is affected by: Micro-economic trends: – Shift to online and digital purchasing – Protect customers and employees from contracting or spreading COVID-19 – Flexible resource allocation – Take advantage of the close supply stores – Shift to value for money. Macro-economic trends: – Progressive shift to regional/national value chains – Increase focus on improving health conditions – Scale up financial resources towards health infrastructure investment. T he COVID-19 pandemic has triggered a significant global shift in economic, financial, social and health models, with profound implications on how MDBs operate A post-COVID-19 unifying vision for MDBs Recent months have seen MDBs refocusing on the SDGs as they set new post-COVID-19 trajectories [ 214 ] SDGs