The global economy is under severe stress and the Sustainable Development Goals (SDGs) are in "need of urgent rescue", the deputy UN chief told the Financing for Development Forum on Monday.
"Financing for developing is an essential part of the solution," Deputy Secretary-General Amina Mohammed said on behalf of the UN chief, adding that so far, the global response has fallen far short.
For this reason, the Global Crisis Response Group on Food, Energy and Finance was established to ensure high-level political leadership; get ahead of the food security, energy, and financing challenges; and implement a coordinated global response, she informed participants.
53% of the global population had no social protection benefits at all in 2020. With better financing, governments can do better.
