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Bangkok - 08 Apr 2022

News Number: N/05/2022

New UN report: Financing constraints on developing countries have reversed global progress and imperil SDGs

While most developed countries have been able to finance a robust recovery from the COVID19 pandemic, fiscal constraints in developing countries have hampered their response and caused a reversal of progress. The lack of affordable financing has worsened their economic and social prospects and threatens the achievement of the Sustainable Development Goals (SDGs).

This year’s Financing for Sustainable Development Report issued by the UN Secretary-General’s Inter-Agency Task Force on Financing for Development, will show that the unequal ability to respond to the COVID-19 pandemic has had a devastating effect on the economies and progress of developing countries. The report examines how unfavourable financing terms hinder recovery in developing countries, and sets out concrete recommendations to bridge the financing divide

Note to Editor: Members of the media are invited to participate in the regional launch event and press briefing.  Spokesperson interviews with are also available upon request.

What:                Regional Launch of the 2022 Financing for Sustainable Development Report: Bridging The Finance Divide

When:               14 April 2022, Thursday, 1000 – 1100hrs (UTC+7)

Register for the link:        https://bit.ly/3qJVxEP

Key speakers:

  • Hamza Ali Malik, Director, Macroeconomic Policy and Financing for Development Division, ESCAP
  • Alberto Isgut, Acting Chief, Financing for Development Section, ESCAP
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