financing for sustainable development

The fallout from the war in Ukraine could dramatically worsen the economic outlook for developing countries already grappling with debt financing related to the COVID-19 pandemic, the UN said in a report published on Tuesday. 

Top news on Monday includes: UN chief expresses his horror over the huge blaze in Notre Dame; a deal over Hudaydah troop withdrawal beckons, but war intensifies; “global measles crisis” underway.

A major new UN-led report, involving more than 60 international organizations, warns that a comprehensive overhaul of the world’s financial system is necessary, if governments are to honour commitments to tackle critical issues, such as combatting climate change and eradicating poverty by 2030.