NAIROBI– Kenya plans to float various bonds to raise funds to implement projects to achieve the United Nations Sustainable Development Goals (SDGs), says Treasury Principal Secretary (Assistant Minister) Kamau Thugge.
Apart from working with the private sector, the government is mulling floating green bonds and SDG bonds, Thugge said here Tuesday, adding that the Treasury was working with the Ministry of Foreign Affairs to identify projects which required international collaboration or partnerships.
When it comes to the roll-out of the SDGs, almost all the 156 countries which are signatories to the goals are behind schedule. The 2018 SDG index and dashboard ranks Kenya at position 119 in the implementation of the SDGs with the country scoring poorly in efforts to deal with hunger, poor sanitation and affordable and clean energy.
The United Nations estimates that achieving the SDGs by the target year of 2030 will require 5.0 trillion TO 7.0 trillion US dollars to be invested in developing countries each year.
Speaking during the ongoing 73rd United Nations General Assembly session in New Yiork, Thugge said the Treasury was working with the Ministry of Foreign Affairs to come up with an inventory of projects that require international financial backing.
Source: NAM NEWS NETWORK