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Add to Preferred Sources“Uneven growth, rising debt levels, possible upticks in financial volatility, and heightened global trade tensions” are hampering progress on reaching the Sustainable Development Goals (SDGs), UN chief António Guterres told the Forum on Financing for Development during what he called “a critical moment” to “accelerate action for sustainable development”.
Ministers, senior UN officials, high-level finance officials, civil society, business representatives and local authorities, are meeting at UN Headquarters for the four-day FfD Forum.
Mr. Guterres said climate change, greenhouse gas emissions, and technologies disrupting labor markets, were a major challenge, saying:
“We are here today as part of an effort to coordinate an urgent global response to reverse these trends.”
Noting that development aid remains essential, “especially for the poorest countries”, the UN chief shone a light on the importance of countries themselves generating more funding, including by increasing tax revenue and the impact of the investment.
“National policy frameworks are key to reducing risks, creating an enabling business environment, incentivizing investment in public goals, and aligning financial systems with long-term sustainable development”, he stated.
Original source: UN News
Published on 15 April 2019