Pakistan requires $100 Billion to meet SDGs: IMF

May 4, 2021

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According to the International Monetary Fund, Pakistan will need to increase its annual spending on education by 5.7 percent of GDP, on health by 6 percent of GDP, approximately $ 24.5 billion to be invested in electricity, and $ 76 billion in road networks to achieve the Sustainable Development Goals (SDGs) of the UN by 2030.

The IMF issued its working paper ‘Pakistan: The Need for Sustainable Spending on Achievement (SDGs)’ in which it has stated that achieving the SDGs in key sectors will require an additional 16.1% of GDP by 2030 from the public and private sectors combined.

Pakistan has made progress in key areas, however Its current performance in key SDG sectors lags behind the competition. The results of Pakistan’s sustainable development goals in the areas of education, health, electricity, water and sanitation were lower than the average for emerging market and developing countries. Pakistan’s performance in education, water supply and sanitation is also below the average for countries with a per capita GDP of $ 3,000. He added that with the rapid population growth, Pakistan needs to redouble its efforts to make further progress towards the sustainable development goals.

Low academic performance is mainly associated with lower spending in education by the country, but there is also room for increased spending efficiency. Total annual (public and private) spending on education must be increased by 5.7% of GDP to achieve the SDGs (from 3.9% in 2018 to 9.6% in 2030).