Established by the UN Secretary General, António Guterres, the Task Force on Digital Financing of the SDGs is mandated to identify how digitalization will reshape finance and to identify, theorize, and propose how best this transformation can support the financing of the SDGs, which, according to the UN require and estimated $5-7 trillion in annual investment. This undertaking requires consideration of the broader context of finance, technology, and the SDGs, and the narrowing to those areas of SDG financing that are changing due to digitalization. The World Economic Forum is supporting the UN in this effort through leading the work related to capital markets. As such, the group is answering four core questions:
- What is the current experience in harnessing the digitalization of finance in pursuit of the SDGs?
- What are the high-impact opportunities for digital financing of the SDGs today and in the future?
- What are the main impediments to realizing these opportunities and the risks associated with them, and how might those impediments be overcome?
- What actions are needed by which actors, including the United Nations, to overcome impediments and realize the identified opportunities?