"FINANCE"

UN Special Envoy for the Great Lakes region Huang Xia highlighted to the Security Council the necessity to “sustainably build on these accomplishments while firmly addressing the challenges that persist” in the region. UNIFEED

The UN Environment Programme released its Production Gap Report, which found that despite increased climate ambitions and net-zero commitments, governments still plan to produce more than double the amount of fossil fuels in 2030 than what would be consistent with limiting global warming to 1.5° Celsius." UNIFEED

The IMF is downgrading economic growth in Asia due to COVID-19 and warning that US financial tightening to combat inflation may negatively impact the region in the newly released Asia Pacific Regional Economic Outlook released Wednesday (19 Oct) in Washington, DC. IMF

At their annual meeting with United Nations Secretary-General António Guterres, the Global Investors for Sustainable Development (GISD) Alliance issued a joint statement outlining concrete actions for the future. The group is working with the UN to develop guidelines and products that align the existing finance and investment ecosystem with the Sustainable Development Goals (SDGs). UNIFEED

Virtual Press Conference by Elliott Harris, Assistant Secretary-General for Economic Development and Chief Economist, and Leila Fourie, the Global Investors for Sustainable Development Co-chair and CEO of the Johannesburg Stock, on the outcome of the 3rd Annual Meeting of the Global Investors for Sustainable Development (GISD) Alliance.

World Food Day 2021 celebrations began on 15 October 2021, with a global event where participants noted that while the challenges of global hunger, climate crisis and COVID-19 remain formidable, there is also a new momentum and energy behind efforts to transform our agri-food systems, making them more fit for purpose. FAO

The IMF’s Managing Director Kristalina Georgieva and Magdalena Andersson, the chair of the International Monetary and Financial Committee, the body that supervises the IMF’s work, held a press briefing Thursday where Andersson encouraged the multilateral leaders task force to accelerate access to vaccines and to facilitate coordination among international partners, which includes mobilizing critical financing. IMF

In his address to the second United Nations Global Sustainable Transport Conference, UN Secretary-General António Guterres said the “door is closing for action on climate, nature and pollution,” and stressed the need to “decarbonize all means of transport, in order to get to net-zero emissions by 2050 globally.” UNIFEED

Members of the International Monetary and Finance Committee (IMFC) are meeting in Washington, DC Thursday. IMF

The World Health Organization’s (WHO) 2021 Global Tuberculosis Report showed that the COVID-19 pandemic “severely impacted our fight against tuberculosis,” with TB deaths increasing for the first time in a decade. WHO