Original title: United Nations Secretary-General calls for a new Bretton Woods moment to address development financing issues
China News Service, United Nations, September 20 (Reporter Wang Fan) United Nations Secretary-General Guterres called for the establishment of a new Bretton Woods moment when attending the high-level dialogue on development financing at the United Nations Headquarters in New York on the 20th to deal with sustainable development. Development financing issues.
Guterres said that development financing is the “fuel” to promote progress on the 2030 Agenda and the Paris Agreement. However, this “fuel” is being depleted, causing the “engine” of sustainable development to stall. Currently, the financing gap for the SDGs is estimated at $3.9 trillion per year. He stressed that of all the issues, funding was probably the most important.
Guterres said that the deadline to achieve the 2030 Sustainable Development Goals has passed halfway, and today only about 15% of the Sustainable Development Goals are progressing as expected. Not only that, the lasting impact of the COVID-19 pandemic, conflicts and intensifying climate change have all challenged the global economic outlook and put development financing under increasing pressure.
Guterres said that in order to help developing economies survive this financing crisis, some sincere efforts have been made, including the “Debt Service Suspension Initiative” launched by the Group of 20 and the allocation of funds by the International Monetary Fund. Special Drawing Rights, but this is not enough.
Guterres said, “The systemic problem of financing sustainable development requires a systemic solution: reforming the global financial architecture.” “I hope you will support these proposed reforms at future meetings.”
It is understood that this call has received positive response from United Nations member states. At the same time, member states also welcome Guterres’s annual Sustainable Development Goals stimulus package of at least US$500 billion and an effective debt relief mechanism.
Since the adoption of the Addis Ababa Action Agenda of the Third International Conference on Financing for Development in 2015, the High-level Dialogue on Financing for Development has been held every four years, during the UN General Assembly High-Level Week and the Sustainable Development Goals Summit. Carry out successively. (over)
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2023-09-21 02:15:00
