UN: Without urgent action, decades of development will be lost
United Nations, Sep 29 (Prensa Latina) The Secretary General of the United Nations, Antonio Guterres, assured that, unless urgent action is taken, the world will face a recession capable of ending decades of development.
This may put the 2030 Agenda completely out of reach, stressed Guterres during the high-level meeting on financing for development in the era of Covid-19 and beyond.
In the Secretary General's words, four months ago Prime Ministers Justin Trudeau of Canada and Andrew Holness of Jamaica and himself, along with more than 50 heads of state and government, called for a large-scale response to the economic devastation caused by the pandemic.
Since then, the health crisis continues to wreak havoc around the world and the response has not kept pace.
One million people died, a tragic milestone, and more than 33 million have been infected, he lamented, 'and we are now suffering the largest economic contraction since World War II.'
In addition, the world hunger crisis is entering a new and dangerous phase, warned the secretary general.
While countries, individually and together, reacted quickly to the crisis with a fiscal response of more than $11.5 trillion globally at the end of August, only 2.5 percent of this stimulus corresponds to economies in development and emerging, he noted.
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