According to UN estimates, the world is facing an annual financing gap of about $4 trillion to achieve sustainable development, leaving countries with hardly any resources to invest in better education, healthcare, renewable energy or social protection. “The Sustainable Development Goals (SDGs) are hanging by a thread, and with them, the hopes and dreams of…
The so-called Revolving Facility is an initiative of the Global Fund to Fight AIDS, Tuberculosis and Malaria, a UN partner that invests $4 billion annually to stamp out these deadly diseases and strengthen health systems in more than 100 countries. The Revolving Facility will negotiate improved supply terms for health products using advanced market commitments,…
Briefing ambassadors on Africa Day, Under-Secretary-General Rosemary DiCarlo presented the latest UN report on securing predictable, sustainable and flexible resources for AU-led peace support operations mandated by the Council. The changing nature of conflict in Africa has forced the partners to adapt their operations in response to new and evolving challenges. Secure funding stream “The…
Will contact the government after Eid to start the implementation, Malik Bustan. Photo: Screen grab Karachi: Open market currency dealers will approach the government again next week to begin the process of providing $24 billion in interest-free financing to overseas Pakistanis. Talking to Express Tribune, President of Exchange Companies Association of Pakistan Malik Bustan said…
There are so many conflicts, humanitarian disasters, extreme weather events and economic upheavals taking place in the world, that a new word is being used to describe the current state of affairs: the “polycrisis”. The word appeared in 2022, a year that began with tentative hopes that the global economy would begin to recover from…
The report based on research by the Economist Impact partnership across 13 African countries, A Triple Dividend: The health, social and economic gains from financing the HIV response in Africa, estimates that millions of lives will also be saved if funding is forthcoming. Not only would there be between 40 and 90 per cent fewer new…
Photo courtesy of Saudi Media In the meeting of the Board of Executive Directors of the Islamic Development Bank, the financing of 3 projects for socio-economic development has been approved. According to the Saudi media report, the approval of financing of 3 projects worth 403 million dollars for socio-economic development. According to the report, $318…
The announcement of petroleum subsidy has created a new challenge. Photo: File Islamabad: To partially cover the gap of $6 billion in external payments, the government has relied on the $9.7 billion pledge made by the international community to help flood victims in January this year. The government of Pakistan is still busy settling the…
