The number of intemnational imvestment projects announced in developing countries in sectors relevant to the Sustainable Development Goals (SDGs) increased by 15%in 2022. Howewer, the growth was unbalanced, vith some SDG sectors showing only slow progress. It was also uneVen, with negative trends in LDCs (9%) and stagnation in many other developing cOuntries. Preliminary data for 2023 H1 suggests that the number of projects in developing countries fel by 7%relative to 2022H1.UNCTAD’srewiewat the midpoint of the 2030 agenda shows thatthe annual SDG investment gap in developing countries is now about $4 trilion. If the SDG investment needs to 2030 are to be met, some $30 trilion of additional investment must be found ower the next eight years. More than half of the gap, or $2.2 trilion relates to the energy transition alone.The curent investment gap is 60% higher than the (already significant) gap of S2.5 trillion estimated by UNCTAD in 2014 on the eve of the adoption of the SDGs. The increase is the result of shortfals in the years since 2015, combined with the efects of multiple global challenges, including the pandemic and the food, fuel and finance crises.