In a report released today, members of the Global Investors for Sustainable Development Alliance (GISD) identify more than 60 concrete measures to accelerate and scale up funding for the United Nations Sustainable Development Goals (SDGs).
Earlier this month, the new Toolkit on the Taxation of Offshore Indirect Transfers (OIT) launched that has the potential to plug loopholes, which deprive developing countries of billions of dollars each year.
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.
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.
High-Level Event on Financing for Development in the Era of COVID-19 and Beyond
28 May 2020 (8 a.m - 12 p.m. EST), New York
Risk-informed development cooperation and global cooperation will be vital in efforts to "build back better" after COVID-19, according to Mr. Navid Hanif, Director of the Financing for Sustainable Development Office, UN DESA. As part of a series on Global Public Investment and the future of foreign aid appearing on the Development Initiatives blog, Mr. Hanif's article describes how COVID-19 has reinforced the need for global cooperation and collaboration.
The 193 UN Member States of the United Nations called for coordinated and decisive global action to arrest the fallout from the COVID-19 pandemic and rebuild strengthened and resilient economies. The Member States joined together in a consensus outcome document at an informal meeting of the Financing for Development (FfD) Forum of the United Nations Economic and Social Council (ECOSOC) today.
The 2020 Financing for Sustainable Development Report of the Inter-agency Task Force on Financing for Development outlines measures to address the impact of the unfolding global recession and financial turmoil, especially in the world’s poorest countries.
The Report's recommendations are based on joint research by the entire UN system, including more than 60 agencies and other international institutions, led by UN-DESA, with the IMF, World Bank, WTO, UNCTAD, and UNDP taking leading roles.
The Financing for Sustainable Development Office (FSDO) is fully, remotely operational during the COVID-19 pandemic. At present, all in-person events have been adjusted to meet virtually or have been postponed.
Resources on COVID-19 and financing for sustainable development