Annual cost for reaching the SDGs? More than $5 trillion: UNCTAD

Annual cost for reaching the SDGs? More than $5 trillion: UNCTAD

According to the UN Conference on Trade and Development (UNCTAD), this represents between $1,179 and $1,383 per person, per year.  The study factors in 50 SDG indicators across 90 countries, covering three quarters of the global population.  For the world’s 48 developing economies, the shortfall is estimated at $337 billion annually, if they are to…

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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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