FINANCIAL INTEGRITY FOR SUSTAINABLE DEVELOPMENT Report of the High Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda

The 2030 Agenda for Sustainable Development envisioned global transformation to end poverty and promote resilience, supported by the Addis Ababa Action Agenda on Financing for Development. However, six years post-agreement, progress has faltered, exacerbated by COVID-19 and pre-existing systemic challenges, hindering states from generating necessary domestic resources. These impacts are gendered, hindering progress towards gender equality. Illicit financial flows (IFFs) from tax abuse and corruption further deplete resources, worsening inequalities, instability, and public trust.

The FACTI Panel assessed the limitations of current systems and recommended addressing IFFs to recover resources with transformative potential. Tackling IFFs requires systemic solutions, international cooperation, and robust policy frameworks. The Panel proposes a Global Pact for Financial Integrity for Sustainable Development to mobilize resources and enhance multilateral efforts, significantly benefiting both developing and developed countries by promoting financial integrity and sustainability.