The role of the private sector, as well as updated financial markets, will be essential
by ALIFAH ZAINUDDIN/ pic by MUHD AMIN NAHARUL
THE realisation of the sustainable development goals (SDGs) can only be done through constant engagement and cooperation between government agencies and the private sector, said Prime Minister Tun Dr Mahathir Mohamad (picture).
He said the expected financial burden to fulfil SDGs is beyond the capacity of the government and cannot be met by official development assistance.
“I would like to highlight that achieving the ambitious global SDGs — which include ending poverty, improving global health, ensuring universal education and mitigating climate change by 2030 — will require a substantial amount of funding,” Dr Mahathir said in his address at the Malaysia SDG Summit 2019 in Kuala Lumpur yesterday.
“The role of the private sector, as well as updated financial markets, will be essential,” he added.
Malaysia has put in place an institutional framework to facilitate the operationalisation of SDGs at all levels, said the veteran leader. He said efforts will continue to be taken to ensure coordinated action involving all sectors of society.
“The Shared Prosperity Vision 2030 (SPV2030) will continue this policy imperative in the next decade with equitable growth of each value chain, class, community and geography to create a stronger sense of harmony, stability and unity among the people by 2030.
“Significantly, all these blueprints or roadmaps in developing Malaysia are underpinned with one common factor — sustainable development. They are Malaysia’s commitment to sustainable development and we will continue to align our policies and strategies on the same path,” he said.
In line with the SPV2030, Dr Mahathir said Malaysia will also place emphasis on governance reforms based on two core principles, namely integrity and good governance.
“The principles of integrity and good governance will be applied across six identified sectors including political governance, public sector administration, public procurement, legal and judicial, law enforcement and corporate governance.
“This is expected to result in favourable outcomes such as strengthening accountability and integrity, elevating the credibility of the legal system in tandem with social change and improving the people’s perception and trust towards public administration and institutions,” he said.
Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said much of the SDGs form the basis of the SPV2030 and in the construction of the 12th Malaysia Plan (12MP).
“We need to recalibrate our policies to SDGs so that we can achieve the targets. Currently, we are still in the process of engaging all stakeholders on the 12MP. The SDGs will be incorporated in the 12MP,” Azmin said, citing the government’s revision of its poverty measure to the multidimensional poverty index which was more inclusive.
“We are looking at SDGs in totality. There are some we have embarked on such as SDG No 16 (establishing peace, justice and strong institutions). But these objectives will not succeed without everyone’s participation,” he said.