The great goal of the main meeting of the UN General Assembly is to unlock innovative and practical solutions in order to close the expanding disagreements between the rich and the poor.
The Department of Economic and Social Affairs of the UN, which drives the UN efforts to finance the Tsur, notes that although financial problems are being established, \”there is a window of opportunities if we act now.\”
Financial gap
Most developing countries suffer from serious debt problems. And every third country around the world is currently at high risk of transferring the financial crisis, according to the UN.
These countries cannot finance the progress on the CUR if they are faced with exorbitant borrowing costs and pay more on healthcare or education.
Innovative approaches
“Developing countries are faced with the cost of borrowing eight times higher than the developed long-long countries,” warned the UN Secretary General Antonio Guterierires, “and each of the three countries of the world is currently undergoing a high risk of financial crisis.
“More than 40 percent of people living in extreme poverty are in countries with serious debts.”
Conducted every four years since 2015, a high -level dialogue this year takes place at a critical moment, when only about 15 percent of the targets of the CUR are in the way.
Member states noted that although progress has been achieved in all areas of the ABABA -Abab -ABAB ATS -a roadmap for financing the CUR -many of its financial obligations remain unsatisfied.
They added that the contesting economic prospects in the conditions of the prolonged consequences of the Covid-19 pandemic, conflicts and strengthening of climate change provided financing for the CUR under increased pressure.
Innovative approaches
According to Mr. on Gutheris, persistently scaling the funding of the CUR will require innovative approaches, bold political decisions and new sources of financing.
Member states welcome the proposal of the UN Secretary General on the CRG stimulus in the amount of at least 500 billion US dollars per year in order to significantly increase the affordable, long-term financing for development.
They also support his call for deeper and long -term reforms in international financial architecture, which currently does not serve a security network for all countries and exacerbates inequality.
Solutions must be systemic
“It is clear that the systemic problems of financing for sustainable development require a systematic solution: reform of world financial architecture,” said the UN chief.
He also calls on to the new moment Bretton Woods, when countries can get together to agree on a new global financial architecture, which reflects today’s economic realities and relations of the authorities.
“Together we must turn this moment of the crisis at the time of the opportunity, find joint solutions to financing to restore global solidarity and create a new impetus for sustainable development and climatic actions,” said Mr. Gaterryz.
