UN / FINANCING FOR DEVELOPMENT CLOSING SESSION

Preview Language:   Original
15-Apr-2021 00:01:53
UN Deputy-Secretary-General Amina J. Mohammed said the “diverging world we are hurtling towards is a catastrophe for all” and stressed that it is “both morally right and economically rational to help developing countries overcome” the COVID-19 crisis. UNIFEED

Available Language: English
Type
Language
Format
Acquire
Original
SD PAL
Original
HD NTSC
Original
HD PAL
/
English
Other Formats
Description
STORY: UN / FINANCING FOR DEVELOPMENT CLOSING SESSION
TRT: 1:53
SOURCE: UNIFEED
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 15 APRIL 2021, NEW YORK CITY

SHOTLIST:

FILE - NEW YORK CITY

1. Tilt up, UN headquarters exterior

15 APRIL 2021, NEW YORK CITY

2. Wide shot, Deputy-Secretary- General at dais in General Assembly Hall
3. SOUNDBITE (English) Amina J. Mohammed, Deputy-Secretary-General, United Nations:
“The diverging world we are hurtling towards is a catastrophe for all. It is both morally right and economically rational to help developing countries overcome this crisis. While the efforts made so far to support the most vulnerable are welcome, they remain insufficient to avoid the risk of a lost decade of development. Extraordinary measures continue to be critical to keep vulnerable economies afloat. We also need structural transformations to protect the global economy against future crises, and to secure a brighter future for all.”
4. Wide shot, Deputy-Secretary- General at dais in General Assembly Hall
5. SOUNDBITE (English) Amina J. Mohammed, Deputy-Secretary-General, United Nations:
“While some countries near a vaccination rate of one-third of their population, the average in Africa remains under 1 per cent. This is a moral blight on the international community. I call upon all governments, development partners and private sector actors to finance equitable vaccination for all as a matter of utmost urgency. To start, we must close the funding gap and fill the COVAX Facility.”
6. Wide shot, Deputy-Secretary- General at dais in General Assembly Hall
7. SOUNDBITE (English) Amina J. Mohammed, Deputy-Secretary-General, United Nations:
“The challenges we face today go beyond the COVID-19 pandemic and include the climate crisis, drought, hunger, malnutrition and heightened insecurity, all of which will be 7 exacerbated by the long-term economic effects of the inequality virus. Our recovery efforts must tackle all these challenges head on. As we close the Forum, I urge us all to take immediate action for a timely and adequate global response that would put us on track for a prosperous, sustainable and equal world, and the implementation of agenda 2030.”
8. Wide shot, Deputy-Secretary- General at dais in General Assembly Hall

STORYLINE:

UN Deputy-Secretary-General Amina J. Mohammed said the “diverging world we are hurtling towards is a catastrophe for all” and stressed that it is “both morally right and economically rational to help developing countries overcome” the COVID-19 crisis.

Speaking at the closing session of the 2021 Financing for Development Forum in New York today (15 Apr), Mohammed said COVID-19 is leading to an even more unequal world for millions in developing countries, who are seeing their development gains reversed. She added that the pandemic has laid bare and exacerbated the vulnerabilities in economies and societies, leading some to describe COVID-19 as the inequality virus.

The Deputy-Secretary-General said while advanced economies were able to increase their fiscal expenses by more than 13 per cent of their Gross Domestic Product, many developing countries face ballooning debt burdens, constrained fiscal spaces and high costs of borrowing, and have been limited in their ability to respond to the pandemic.

She added, “The diverging world we are hurtling towards is a catastrophe for all. It is both morally right and economically rational to help developing countries overcome this crisis. While the efforts made so far to support the most vulnerable are welcome, they remain insufficient to avoid the risk of a lost decade of development. Extraordinary measures continue to be critical to keep vulnerable economies afloat. We also need structural transformations to protect the global economy against future crises, and to secure a brighter future for all.”

Mohammed underscored three priorities for action, namely ensuring access to vaccines for all, alleviating debt and liquidity pressures and promoting investment.

The UN official said, “While some countries near a vaccination rate of one-third of their population, the average in Africa remains under 1 per cent. This is a moral blight on the international community. I call upon all governments, development partners and private sector actors to finance equitable vaccination for all as a matter of utmost urgency. To start, we must close the funding gap and fill the COVAX Facility.”

Mohammed said the challenges the world faces today “go beyond the COVID-19 pandemic and include the climate crisis, drought, hunger, malnutrition and heightened insecurity, all of which will be exacerbated by the long-term economic effects of the inequality virus.” She stressed that recovery efforts “must tackle all these challenges head on.” She urged participants to take immediate action for a “timely and adequate global response that would put us on track for a prosperous, sustainable and equal world, and the implementation of agenda 2030.”
Series
Category
Corporate Subjects
Creator
UNIFEED
Alternate Title
unifeed210415b
Asset ID
2612838