Why Take Action?
The Global Challenge
Many developing countries lack widespread basic infrastructure – roads, sanitation, water, electrical power, and phone, internet, and other information and communication technologies (ICTs). This creates a major barrier to doing business, inhibits innovation and entrepreneurship, and limits access to health care and education.
The lack of access to safe drinking water for over 660 million people translates to a demand for water-related infrastructure. Sustainalytics has reported
that global water demand is expected to increase 50% by 2030, requiring $25 trillion in water infrastructure.
With regard to internet access – which 60% of the world’s population currently lacks – the UN says a shortage of 900,000 skilled ICT workers
is still expected in 2020.
Schools, hospitals and clinics comprise another area of infrastructure where there is acute financing need to achieve the SDGs, says the Institute for Human Rights and Business
(IHRB): “the sums involved are enormous and the timeframe is short.”