To complete the process, please follow the instructions in the email we just sent you.Member States noted that while progress has been made across all action areas of the Addis Ababa Action Agenda - the roadmap for financing the SDGs - many of its finance commitments remain unmet.pandemic, conflicts and intensifying climate change have put financing for the SDGs under increased pressure.According to Mr.
Member States welcome the UN Secretary-General's proposal for an SDG Stimulus of at least $500 billion US dollars per year to significantly increase affordable, long-term financing for development. They also support his call for deeper and longer-term reforms to the international financial architecture, which currently fails to serve as a safety net for all countries and exacerbates inequalities."It is clear that the systemic problems of financing for sustainable development require a systemic solution: reforms of the global financial architecture," said the UN chief.
He is also calling for a new Bretton Woods moment, when countries can come together to agree on new global financial architecture that reflects today's economic realities and power relations. "Together, we must turn this moment of crisis into a moment of opportunity, find joint financing solutions to rebuild global solidarity, and create new momentum for sustainable development and climate action," Mr. Guterres said.
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Africa: Tinubu Seeks Reform of Global Finance Bodies in Africa's InterestPresident Bola Tinubu yesterday sought the reform of the global finance bodies in Africa's interest as he engaged in bilateral discussion with South African president, Cyril Ramaphosa, in New York City, ahead of the United Nations General Assembly.
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