UN Correspondent Society & Diplomatic Review & UNNGO PeaceeverTV Compiled reports from UNECOSOC：COVID-19 has sent the global economy into a tailspin. A global recession is now all but certain, as the global economy is set to contract significantly this year. Vulnerabilities caused by inequality, unsustainable debt and climate change are being amplified by the pandemic. Global poverty is set to rise for the first time since 1990. Our efforts towards implementing the 2030 Agenda are at risk of being reversed.
These extraordinary times require extraordinary measures. The UN Secretary-General has issued a strong call to action on a number of extraordinary measures to address the unprecedented crisis triggered by the COVID-19 pandemic. Efforts to recover from this crisis must be aligned with the 2030 Agenda and need to go beyond approaches of the past. The response to the pandemic also needs to act as a wake-up call on climate change, which is another existential threat to livelihoods around the world.
For this we are particularly posted Global Investors for Sustainable Development (GISD) Alliance About global investment Defined file, In order to understand the UN Economic and Social Council’s global investment Important policy measures.
The magnitude of financing required to implement the 2030 Agenda for Sustainable Development is significant, yet to date, levels of investment have been insufficient. While public resources will be essential, the mobilization of the private sector is critical to the implementation of the Sustainable Development Goals.
To help address this shortfall, the Secretary-General is convening the Global Investors for Sustainable Development (GISD) Alliance as part of his Strategy for Financing the 2030 Agenda for Sustainable Development. The group is aimed at leveraging the insights of private sector leaders to remove impediments and implement solutions for mobilizing resources for sustainable development.
The Alliance has a two-year timeline, from October 2019 to October 2021. It will focus on facilitating solutions relating to:
increasing the available supply of long-term investment for sustainable development;
realizing SDG investment opportunities in developing countries;
enhancing the impact of private investment on sustainable development.