Press Conference by Deputy Secretary-General

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25-Mar-2021 00:29:39
Press Conference by Amina J. Mohammed, Deputy Secretary-General, on the launch of the Financing for Sustainable Development Report.

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The COVID-19 pandemic has reversed development gains for millions in poor countries, creating an even more sharply unequal world, according to a new UN report released on Thursday. 

“What this pandemic has proven beyond all doubt is that we ignore global interdependence at our peril. Disasters do not respect national boundaries”, Deputy Secretary-General Amina Mohammed said at a press conference to launch the report.

“The global economy has experienced “the worst recession in 90 years, with the most vulnerable segments of societies disproportionately affected”, said the Inter-agency Task Force on Financing in their Financing for Sustainable Development Report 2021, pointing out that some 114 million jobs have been lost, and about 120 million people have been plunged back into extreme poverty.

The highly uneven response to the pandemic has “widened the already yawning disparities and inequities within and between countries and peoples”, according to the 60 international agencies that authored the report.

And while an historic $16 trillion in stimulus and recovery funds released by governments worldwide have helped to stave off the worst effects, less than 20 per cent of it was spent in developing countries.

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