UN sets out bold solutions to rescue SDG finance

(United Nations News) Taking urgent steps to deliver on the Sustainable Development Goals (SDGs) by 2030, world leaders launched a high-level dialogue on Financing for Development on Wednesday. 

The big objective of the major UN General Assembly meeting is to unlock innovative and practical solutions to close the widening divisions between rich and poor.

The UN Department of Economic and Social Affairs which drives the UN’s effort on SDG financing, notes that although fiscal challenges are mounting, “there is a window of opportunity if we act now.”

Most developing countries suffer from severe debt problems. And one in three countries around the world is now at high risk of suffering a fiscal crisis, according to the UN.

These countries cannot fund progress on the SDGs if they are facing exorbitant borrowing costs and paying more on debt servicing than on health or education. 

Read more at: United Nations News

Source: CARICOM TODAY