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Ms. Dora Benedek, Mr. Edward R Gemayel, Mr. Abdelhak S Senhadji, and Alexander F. Tieman
The COVID-19 pandemic hit countries’ development agendas hard. The ensuing recession has pushed millions into extreme poverty and has shrunk government resources available for spending on achieving the United Nations Sustainable Development Goals (SDGs). This Staff Discussion Note assesses the current state of play on funding SDGs in five key development areas: education, health, roads, electricity, and water and sanitation, using a newly developed dynamic macroeconomic framework.
Ms. Dora Benedek, Mr. Edward R Gemayel, Abdelhak S Senhadji, and Alexander F. Tieman

necessarily represent the views of the IMF, its Executive Board, or IMF management. JEL Classification Numbers: Q01, H11, H20, H87, O23, I15, I25, F35. Keywords: Sustainable Development Goals, Development, Fiscal Policy, Structural Reform. Authors’ E-mail Address: DBenedek@imf.org , EGemayel@imf.org , ASenhadji@imf.org , ATieman@imf.org Contents EXECUTIVE SUMMARY I. INTRODUCTION II. A FRAMEWORK FOR ASSESSING DEVELOPMENT STRATEGIES III. THE SETBACK FROM THE PANDEMIC IV. IMPROVING THE ODDS A. Public policies and structural reforms B