Concluding Financing for Development Forum, Ministers Reaffirm Commitment to Strengthen Multilateral Cooperation, Solidarity in Combating Ill Effects of COVID-19

15 Apr

Ministers and other high-level officials concluded the 2021 Forum on Financing for Development Follow-up today, reaffirming their commitment to strengthen multilateral cooperation and solidarity to combat COVID-19’s frustration of global implementation of the 2030 Agenda for Sustainable Development, tenuous even before the unprecedented crisis exacerbated existing ones.

Short-Term Financing, Creation of Repo Market Crucial to Assist Poor Countries Facing Escalating Debt, Economic Contraction, Speakers Tell Financing for Development Forum

14 Apr

Poor countries are facing severe setbacks on their development paths, encumbered by ballooning debts, high risks of default and limited ability to inject desperately needed liquidity into their markets, economic experts told the Forum on Financing for Development today, as they offered ideas for ensuring a more equitable global recovery from the pandemic during three interactive panels.

Panels Seek Ways to Avoid Global Post-COVID Recovery That Leaves Some Behind, as Forum on Financing for Development Continues

13 Apr

The Economic and Social Council continued its annual Forum on Financing for Development today, holding two interactive panel discussions, during which speakers proposed potential solutions to COVID-19’s devastating impact on infrastructure investment — lagging even before the novel coronavirus struck — and sought ways to avoid a global post-pandemic recovery that leaves some behind.