Recent and unfolding conflicts have elevated the intricate nexus of peace and development and the need for strategic action on the multidimensional impact faced particularly by Global South countries. With just 35% of the SDG targets on track for achievement by 2030 , further challenges to progress just four years to target date raise red flags on the prospects of development gains being rolled back or lost. In increasingly interconnected regional and global economies, disruptions generated by conflict propagate through networks of trade, finance, energy markets, food systems, and human mobility — cascading across borders, amplifying existing vulnerabilities, and generating secondary crises that disproportionately burden developing countries. Even conflicts occurring far beyond national borders can trigger multi-layered development shocks, over which countries exercise little control yet bear disproportionate consequences --- such as sudden spikes in energy prices, disruptions to...