UN / SUSTAINABLE DEVELOPMENT GOALS
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STORY: UN / SUSTAINABLE DEVELOPMENT GOALS
TRT: 01:58
SOURCE: UNIFEED
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS
DATELINE: 25 APRIL 2023, NEW YORK CITY / FILE
SHOTLIST:
FILE - NEW YORK CITY
1. Wide shot, United Nations Headquarters
25 APRIL 2023, NEW YORK CITY
2. Med shot, Guterres at dais, ECOSOC chamber
3. SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“Just 12 percent of the Sustainable Development Goal targets are on track. Progress on 50 percent is weak and insufficient. Worst of all, we have stalled or gone into reverse on more than 30 percent of the SDGs. Unless we act now, the 2030 Agenda will become an epitaph for a world that might have been.”
4. Wide shot, speakers at dais, ECOSOC chamber
5. SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“The litany of lost opportunities has many causes. Chief among them is the fundamental inequality and injustice in international relations that runs from global institutions, including the United Nations, through the international financial architecture, to private banks and credit ratings agencies. These institutions reflect the global reality of 78 years ago. They are out of date – and out of time.”
6. Wide shot, speakers at dais, ECOSOC chamber
7. SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“This is the background to our call for an SDG Stimulus and for deep reforms to the international financial architecture – key recommendations in today’s report. The SDG Stimulus aims to scale up affordable long-term financing for all countries in need by at least 500 billion dollars a year.”
8. Wide shot, speakers at dais, ECOSOC chamber
9 SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“I repeat my call for a new Bretton Woods moment. Developing countries must have a far greater voice in global financial institutions. We need a financial system that ensures the benefits of globalization flow to all by putting the needs of developing countries at the centre of all its decisions.”
10. Wide shot, speakers at dais, ECOSOC chamber
STORYLINE:
The UN Secretary-General, António Guterres, said, “Unless we act now, the 2030 Agenda will become an epitaph for a world that might have been.”
Today (25 Apr), Guterres briefed Member States on the Special Edition of his report on ‘Progress towards the Sustainable Development Goals (SDGs),’ which tracks the implementation of the 2030 Agenda for the SDGs.
He warned that, halfway to the deadline for the 2030 Agenda, we are leaving more than half the world behind.
“Just 12 percent of the Sustainable Development Goal targets are on track. Progress on 50 percent is weak and insufficient. Worst of all, we have stalled or gone into reverse on more than 30 percent of the SDGs,” Guterres said.
According to the report, the COVID-19 pandemic and the triple crisis of climate, biodiversity, and pollution are having a devastating impact, amplified by the Russian invasion of Ukraine.
The number of people living in extreme poverty today is higher than four years ago.
To current trends, only 30 percent of all countries will achieve SDG 1 on poverty by 2030.
Hunger has also increased and is back at 2005 levels.
Gender equality is some 300 years away.
At the same time, inequalities are at a record high and growing.
Just 26 people have the same wealth as half of the world’s population.
Emissions continue to rise, and carbon dioxide concentrations are at their highest level in two million years.
The extinction risk has increased by 3 percent since 2015.
More than one species in five is now threatened with extinction.
The UN Secretary-General said that many developing countries cannot invest in the SDGs because they face a financing black hole.
Before the pandemic, the annual SDG funding gap was 2.5 trillion US dollars.
According to the Organization for Economic Cooperation and Development (OECD), that figure is now at least 4.2 trillion dollars.
And many developing countries are buried under a mountain of debt.
One in three countries worldwide is at high risk of a fiscal crisis.
Developed countries recovered from the pandemic by adopting expansionary fiscal and monetary policies and have largely returned to pre-pandemic growth paths.
But developing countries could not do so, partly because their currencies would collapse.
Vulnerable middle-income countries are denied debt relief and concessional financing, and the Common Framework for Debt Treatment is not working.
Turning to the financial markets, they face interest rates up to 8 times higher than developed countries.
Flows of Official Development Assistance are far below the long-standing commitment of 0.7 percent of Gross Domestic Product (GDP).
Last year, the International Monetary Fund allocated $650 billion in Special Drawing Rights – the main global mechanism to boost liquidity during crises.
Based on current quotas, the countries of the European Union received a total of 160 billion dollars in Special Drawing Rights (SDRs), while African countries with three times the population received 34 billion dollars.
Climate finance is also far below commitments.
Developed countries still need to deliver the $100 billion promised annually in 2020.
Despite the commitment made in Glasgow to double adaptation finance by 2025, far is the parity in funding for adaptation and mitigation.
Guterres said that the agreements reached in 2015 in New York, Addis, and Paris stand for peace and prosperity, people, and the planet, and that these promises are now in peril.
He said, “The litany of lost opportunities has many causes. Chief among them is the fundamental inequality and injustice in international relations that runs from global institutions, including the United Nations, through the international financial architecture, to private banks and credit ratings agencies. These institutions reflect the global reality of 78 years ago. They are out of date – and out of time.”
The UN Secretary-General also reminded Member States that the 2030 Agenda is an agenda of justice and equality, inclusive, sustainable development, and human rights and dignity for all.
Still, it requires fundamental changes to how the global economy is organized.
He continued, “This is the background to our call for an SDG Stimulus and for deep reforms to the international financial architecture – key recommendations in today’s report. The SDG Stimulus aims to scale up affordable long-term financing for all countries in need by at least 500 billion dollars a year.”
The SDG Stimulus has three main areas for action, Guterres explained.
First, a massive surge in finance.
Multilateral Development Banks should transform their business models and accept a new approach to risk.
This includes leveraging their funds to attract trillions of dollars of private finance into developing countries.
Multilateral Development Banks should also broaden their eligibility criteria for concessional finance, giving access to vulnerable middle-income countries in need.
Second, the SDG Stimulus tackles the high cost of debt through a new initiative to enable countries in distress to exchange short-term debt for longer-term instruments at lower interest rates.
Third, contingency financing must be expanded.
Special Drawing Rights should be better channeled to countries that need them, including through Multilateral Development Banks.
According to the UN Chief, these three measures can be taken immediately within the current system to turn the situation around.
Still, they will not solve the fundamental issue of “our unjust and dysfunctional global financial system,” which would require deep reforms.
He stated, “I repeat my call for a new Bretton Woods moment. Developing countries must have a far greater voice in global financial institutions. We need a financial system that ensures the benefits of globalization flow to all by putting the needs of developing countries at the centre of all its decisions.”
The report includes five other important recommendations.
First, it calls for all Member States to recommit to action to achieve the SDGs at national and international levels between now and 2030 by strengthening the social contract and reorienting their economies towards low-carbon, resilient pathways aligned with the Paris Agreement.
Second, it urges governments to set and deliver on ambitious national benchmarks to reduce poverty and inequality by 2027 and 2030.
This calls for a focus on areas that hold the key to progress: from expanding social protection and jobs to tackling the crisis in education, from gender equality to digital inclusion.
Third, the report calls for a commitment from all countries to end the war on nature.
Among other measures, it urges them to support the Acceleration Agenda for climate action and to deliver on the new Global Biodiversity Framework.
Fourth, it calls on governments to strengthen national institutions and accountability, requiring new regulatory frameworks and more robust public digital infrastructure and data capacity.
And fifth, it calls for greater multilateral support for the UN development system and decisive action at the 2024 Summit of the Future.
TRT: 01:58
SOURCE: UNIFEED
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS
DATELINE: 25 APRIL 2023, NEW YORK CITY / FILE
SHOTLIST:
FILE - NEW YORK CITY
1. Wide shot, United Nations Headquarters
25 APRIL 2023, NEW YORK CITY
2. Med shot, Guterres at dais, ECOSOC chamber
3. SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“Just 12 percent of the Sustainable Development Goal targets are on track. Progress on 50 percent is weak and insufficient. Worst of all, we have stalled or gone into reverse on more than 30 percent of the SDGs. Unless we act now, the 2030 Agenda will become an epitaph for a world that might have been.”
4. Wide shot, speakers at dais, ECOSOC chamber
5. SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“The litany of lost opportunities has many causes. Chief among them is the fundamental inequality and injustice in international relations that runs from global institutions, including the United Nations, through the international financial architecture, to private banks and credit ratings agencies. These institutions reflect the global reality of 78 years ago. They are out of date – and out of time.”
6. Wide shot, speakers at dais, ECOSOC chamber
7. SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“This is the background to our call for an SDG Stimulus and for deep reforms to the international financial architecture – key recommendations in today’s report. The SDG Stimulus aims to scale up affordable long-term financing for all countries in need by at least 500 billion dollars a year.”
8. Wide shot, speakers at dais, ECOSOC chamber
9 SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“I repeat my call for a new Bretton Woods moment. Developing countries must have a far greater voice in global financial institutions. We need a financial system that ensures the benefits of globalization flow to all by putting the needs of developing countries at the centre of all its decisions.”
10. Wide shot, speakers at dais, ECOSOC chamber
STORYLINE:
The UN Secretary-General, António Guterres, said, “Unless we act now, the 2030 Agenda will become an epitaph for a world that might have been.”
Today (25 Apr), Guterres briefed Member States on the Special Edition of his report on ‘Progress towards the Sustainable Development Goals (SDGs),’ which tracks the implementation of the 2030 Agenda for the SDGs.
He warned that, halfway to the deadline for the 2030 Agenda, we are leaving more than half the world behind.
“Just 12 percent of the Sustainable Development Goal targets are on track. Progress on 50 percent is weak and insufficient. Worst of all, we have stalled or gone into reverse on more than 30 percent of the SDGs,” Guterres said.
According to the report, the COVID-19 pandemic and the triple crisis of climate, biodiversity, and pollution are having a devastating impact, amplified by the Russian invasion of Ukraine.
The number of people living in extreme poverty today is higher than four years ago.
To current trends, only 30 percent of all countries will achieve SDG 1 on poverty by 2030.
Hunger has also increased and is back at 2005 levels.
Gender equality is some 300 years away.
At the same time, inequalities are at a record high and growing.
Just 26 people have the same wealth as half of the world’s population.
Emissions continue to rise, and carbon dioxide concentrations are at their highest level in two million years.
The extinction risk has increased by 3 percent since 2015.
More than one species in five is now threatened with extinction.
The UN Secretary-General said that many developing countries cannot invest in the SDGs because they face a financing black hole.
Before the pandemic, the annual SDG funding gap was 2.5 trillion US dollars.
According to the Organization for Economic Cooperation and Development (OECD), that figure is now at least 4.2 trillion dollars.
And many developing countries are buried under a mountain of debt.
One in three countries worldwide is at high risk of a fiscal crisis.
Developed countries recovered from the pandemic by adopting expansionary fiscal and monetary policies and have largely returned to pre-pandemic growth paths.
But developing countries could not do so, partly because their currencies would collapse.
Vulnerable middle-income countries are denied debt relief and concessional financing, and the Common Framework for Debt Treatment is not working.
Turning to the financial markets, they face interest rates up to 8 times higher than developed countries.
Flows of Official Development Assistance are far below the long-standing commitment of 0.7 percent of Gross Domestic Product (GDP).
Last year, the International Monetary Fund allocated $650 billion in Special Drawing Rights – the main global mechanism to boost liquidity during crises.
Based on current quotas, the countries of the European Union received a total of 160 billion dollars in Special Drawing Rights (SDRs), while African countries with three times the population received 34 billion dollars.
Climate finance is also far below commitments.
Developed countries still need to deliver the $100 billion promised annually in 2020.
Despite the commitment made in Glasgow to double adaptation finance by 2025, far is the parity in funding for adaptation and mitigation.
Guterres said that the agreements reached in 2015 in New York, Addis, and Paris stand for peace and prosperity, people, and the planet, and that these promises are now in peril.
He said, “The litany of lost opportunities has many causes. Chief among them is the fundamental inequality and injustice in international relations that runs from global institutions, including the United Nations, through the international financial architecture, to private banks and credit ratings agencies. These institutions reflect the global reality of 78 years ago. They are out of date – and out of time.”
The UN Secretary-General also reminded Member States that the 2030 Agenda is an agenda of justice and equality, inclusive, sustainable development, and human rights and dignity for all.
Still, it requires fundamental changes to how the global economy is organized.
He continued, “This is the background to our call for an SDG Stimulus and for deep reforms to the international financial architecture – key recommendations in today’s report. The SDG Stimulus aims to scale up affordable long-term financing for all countries in need by at least 500 billion dollars a year.”
The SDG Stimulus has three main areas for action, Guterres explained.
First, a massive surge in finance.
Multilateral Development Banks should transform their business models and accept a new approach to risk.
This includes leveraging their funds to attract trillions of dollars of private finance into developing countries.
Multilateral Development Banks should also broaden their eligibility criteria for concessional finance, giving access to vulnerable middle-income countries in need.
Second, the SDG Stimulus tackles the high cost of debt through a new initiative to enable countries in distress to exchange short-term debt for longer-term instruments at lower interest rates.
Third, contingency financing must be expanded.
Special Drawing Rights should be better channeled to countries that need them, including through Multilateral Development Banks.
According to the UN Chief, these three measures can be taken immediately within the current system to turn the situation around.
Still, they will not solve the fundamental issue of “our unjust and dysfunctional global financial system,” which would require deep reforms.
He stated, “I repeat my call for a new Bretton Woods moment. Developing countries must have a far greater voice in global financial institutions. We need a financial system that ensures the benefits of globalization flow to all by putting the needs of developing countries at the centre of all its decisions.”
The report includes five other important recommendations.
First, it calls for all Member States to recommit to action to achieve the SDGs at national and international levels between now and 2030 by strengthening the social contract and reorienting their economies towards low-carbon, resilient pathways aligned with the Paris Agreement.
Second, it urges governments to set and deliver on ambitious national benchmarks to reduce poverty and inequality by 2027 and 2030.
This calls for a focus on areas that hold the key to progress: from expanding social protection and jobs to tackling the crisis in education, from gender equality to digital inclusion.
Third, the report calls for a commitment from all countries to end the war on nature.
Among other measures, it urges them to support the Acceleration Agenda for climate action and to deliver on the new Global Biodiversity Framework.
Fourth, it calls on governments to strengthen national institutions and accountability, requiring new regulatory frameworks and more robust public digital infrastructure and data capacity.
And fifth, it calls for greater multilateral support for the UN development system and decisive action at the 2024 Summit of the Future.
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