Unifeed
UN / PROGRESS AND PROSPECTS REPORT
STORY: UN / PROGRESS AND PROSPECTS REPORT
TRT: 1:45
SOURCE: UNIFEED
RESTRICTIONS: NONE
LANGUAGE: ENGLISH /NATS
DATELINE: 22 MAY 2017, NEW YORK CITY
RECENT
1. Wide shot, exterior, UN Headquarters
22 MAY 2017, NEW YORK CITY
2. Wide shot, press room
3. Med shot, dais
4. SOUNDBITE (English) Wu Hongbo, Head of the UN Department of Economic and Social Affairs:
“Despite the expectations of improved growth in 2017 and 2018, the current global environment bores poorly for the achievement of the SDGs. Global unemployment is expected to increase in both 2017 and 2018 with young people continuing to experience unacceptable high level of joblessness.”
5. Cutaway, photographer
6. SOUNDBITE (English) Wu Hongbo, Head of the UN Department of Economic and Social Affairs:
“Many of the challenges that countries face including slow economic growth, climate change and humanitarian crisis, have cross-border or global repercussions and it cannot be addressed by any one actor alone.”
7. Cutaway, reporters
8. SOUNDBITE (English) Wu Hongbo, Head of the UN Department of Economic and Social Affairs:
“Multilateral cooperation is essential to tackle global problems and support national efforts. A strong multilateral system along with financial and capacity support to countries most in need is essential.”
9. Wide shot, press room
Continued slow global economic growth is likely to leave about 6.5 percent of the world population extremely poor in 2030 without national actions supported by international cooperation, according to a new report issued by the United Nations today.
A continuation of the status quo would severely hamper efforts to achieve the Sustainable Development Goals by 2030. The Goals call for eliminating poverty by 2030.
According to the 2017 "Financing for Development: Progress and Prospects" report, under current trends, least developed countries (LDCs) are likely to fall short by large margins.
Wu Hongbo, Head of the UN Department of Economic and Social Affairs (DESA) told reporters Monday (22 May) in New York that “despite the expectations of improved growth in 2017 and 2018, the current global environment bores poorly for the achievement of the SDGs. Global unemployment is expected to increase in both 2017 and 2018 with young people continuing to experience unacceptable high level of joblessness.”
Projections indicating that global gross product will grow at less than 3 percent over the next two years, and with slow growth in international trade--it grew at less than 2 per cent per year in value terms 2011 to 2014, before declining by 10 per cent in 2015--prospects for the poorest remain challenging.
The report, which is led by the United Nations Department of Economic and Social Affairs, tracks progress on the Addis Ababa Action Agenda, and draws on the expertise, analysis and data from over 50 international institutions that make up the Inter-agency Task Force on Financing for Development, including the World Bank Group, the International Monetary Fund and the World Trade Organization, UNCTAD and UNDP.
The Addis Agenda, adopted at the Third International Conference on Financing for Development in July 2015, provides a global framework to support the implementation of the SDGs by ensuring the effective mobilization of resources at the national and international level.
Wu said “Many of the challenges that countries face including slow economic growth, climate change and humanitarian crisis, have cross-border or global repercussions and it cannot be addressed by any one actor alone.”
He added in “a strong multilateral system along with financial and capacity support to countries most in need is essential.”
The Addis Agenda points to an infrastructure gap of $1 trillion to $1.5 trillion annually in developing countries, while estimates of the global gap generally range from $3 trillion to $5 trillion annually.
To close these and other gaps, the report finds that there is an urgent need to increase long-term investments in sustainable development and to address economic vulnerability.
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