Hey changemakers! Last Wednesday, the United Nations Headquarters in New York came alive with the first-ever Biennial Summit for a Sustainable, Inclusive and Resilient Global Economy. 🌍💪
This high-stakes gathering zoomed in on how to fund the Sustainable Development Goals (SDGs) and overhaul the international financial system to leave nobody behind.
Key takeaways:
- UN Sec Gen Antonio Guterres stressed the need to revamp the global finance blueprint to tackle 21st-century challenges.
- UNGA President Annalena Baerbock highlighted a jaw-dropping $4 trillion funding gap for the SDGs and called for more seats at the table for developing nations.
- Lok Bahadur Thapa (UN Economic and Social Council) warned that trade disputes are shaking faith in multilateral systems and underlined the summit’s goal of tightening UN–finance institution links.
- IMF’s Kristalina Georgieva pointed out that global public debt could hit nearly 100 percent of GDP by 2030, urging structural reforms to unlock private-sector investment.
- South Africa’s President Matamela Cyril Ramaphosa urged the African Union, G20 and financial bodies to co-create rules so no country gets left out.
For our tech-savvy and socially aware readers in South and Southeast Asia, keep an eye on how these reforms roll out. You could see new funding streams for green startups, digital infra and community-led projects popping up near you! 🚀💡
Reference(s):
cgtn.com
