US EditionAfrica: UN Warns of $4 Trillion Shortfall Threatening Global Development Goals
- Top UN officials including Secretary-General António Guterres, and Presidents Philmon Yang and Bob Rae called for urgent action on April 28, 2025, in New York at the ECOSOC annual forum on financing for development.
- They warned that a $4 trillion annual financing gap, caused by aid withdrawal, soaring borrowing costs, and rising debt, threatens the achievement of the UN’s Sustainable Development Goals .
- Bob Rae emphasized urgent reforms to enable countries to repay debts fairly and invest in their futures, while all officials highlighted mounting trade barriers and shrinking fiscal space as critical challenges.
- More than three billion people live in nations spending more on debt interest than on health or education, with some devoting over 20 percent of revenues to debt servicing, a clear warning of possible default.
- Officials urged bold outcomes at the June 30–July 3, 2025 Fourth International Conference in Seville to rebuild the global financial system, mobilize resources, and unlock sustainable finance to meet the SDGs within five years.
11 Articles
11 Articles
Africa: UN Warns of $4 Trillion Shortfall Threatening Global Development Goals
Facing a staggering $4 trillion annual financing gap for development and mounting trade wars, top UN officials on Monday called for urgent action to rescue the Sustainable Development Goals and revive international cooperation.
Asian wealth can bridge the SDG financing gap—but philanthropy needs a strategy shift
The Sustainable Development Goals (SDGs) were first envisioned as a global blueprint for equitable growth, environmental sustainability, and social progress. Yet, nearly a decade later, the world is falling behind. The world is on track to meet just 17% of SDG targets. Progress on a third of them has either stalled or reversed. The funding gap to meet the SDG commitments now stands at $4.2 trillion a year; Asia-Pacific alone will need an additio…
UN sounds alarm on $4trn annual funding gap threatening SDGs
Seville conference seen as last lifeline to realign global financial systems for sustainable development In what could be described as a clarion call for the future of global development, top United Nations officials have warned that the world is hurtling toward failure in meeting the 2030 Sustainable Development Goals (SDGs) — unless a staggering $4 …
$4trn funding gap threatens SDGs
Top United Nations (UN) officials on Monday in New York called for urgent action to rescue the UN’s Sustainable Development Goals (SDGs) and revive international cooperation. Speaking at the Economic and Social Council (ECOSOC) annual forum on financing for development, they warned that a staggering $4 trillion annual financing gap threatened global development goals. The […] The post $4trn funding gap threatens SDGs — UN appeared first on Freed…
$4trn funding gap threatens SDGs - UN - EnviroNews - latest environment news, climate change, renewable energy
Top United Nations (UN) officials on Monday, April 28, 2025, in New York called for urgent action to rescue the UN’s Sustainable Development Goals (SDGs) and revive international cooperation. The Sustainable Development Goals (SDGs) Speaking at the Economic and Social Council (ECOSOC) annual forum on financing for development, they warned that a staggering 4 trillion dollars annual financing gap threatened global development goals. The official…
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