Guterres calls for G20 to agree $500 billion annual stimulus for sustainable development

Guterres calls for G20 to agree $500 billion annual stimulus for sustainable development

So far, the global financial system has failed to effectively cushion the impacts of current crises impacting the Global South the most: the COVID-19 pandemic, the war in Ukraine and the ongoing climate emergency. “Today’s poly-crises are compounding shocks on developing countries – in large part because of an unfair global financial system that is short-term, crisis-prone,…

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