UN meeting to help developing economies stricken by COVID-19 to tap emergency relief resources
The United Nations on 2 June brought together representatives from banks, funds and financial institutions that are working to mobilize US$1.2 trillion dollars in humanitarian and economic relief to developing countries reeling under the impact of COVID-19 to help expedite the flow of these resources to countries in need.
The meeting, the Financing for Development Forum’s second extraordinary meeting to offer concrete approaches to boost financing for rapid response and a sustainable recovery is being held under the auspices of the UN’s Economic and Social Council (ECOSOC).
Private sector leaders commit to mobilizing resources to build back better from COVID-19
In a meeting convened by United Nations Secretary-General António Guterres on 10 June, leaders of prominent financial institutions and businesses pledged to scale-up sustainable investments globally, especially in countries most in need as a result of the COVID-19 pandemic.
The Global Investors for Sustainable Development Alliance issued a statement vowing greater action to confront the global economic crisis driven by the COVID-19 pandemic and keep the Sustainable Development Goals on track.