SDG stimulus could unlock $148 billion in debt savings: UNDP

PNP DeskFebruary 22, 2023September 10, 202405 mins

The report – Building blocks out of the crisis: The UN’s SDG Stimulus Plan – was issued ahead of the G20 Finance Ministers and Central Bank Governors Meeting in Bangalore, India, which begins on Friday. UNDP has called for action to protect developing nations from the impact of today’s overlapping crises while also ensuring that…

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

PNP DeskFebruary 17, 2023September 10, 202407 mins

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,…