Report

The present report was prepared pursuant to General Assembly resolution 78/136, entitled “International financial system and development”. The report provides an overview of current and emerging challenges for the international financial system in providing long-term financing for sustainable development in the context of a rapidly growing financing gap.

The present report, submitted pursuant to General Assembly resolution 78/140, provides an overview of progress made on combating illicit financial flows, as well as recommendations to strengthen international coordination. In the report, the Secretary-General emphasizes the importance of tackling illicit financial flows in achieving the Sustainable Development Goals. He identifies areas for tackling taxrelated illicit financial flows that can be addressed in United Nations processes.