UN / FINANCING FOR SUSTAINABLE DEVELOPMENT PRESSER

According to a new UN report, financing challenges are at the heart of the world’s sustainable development crisis – as staggering debt burdens and sky-high borrowing costs prevent developing countries from responding to the confluence of crises they face. UNIFEED

• Video Length: 00:01:30
• Production Date: 9 April 2024
• Asset Language: English
• Personal Subject: AMINA J. MOHAMMED
• Corporate Name: DEPARTMENT OF ECONOMIC AND SOCIAL AFFAIRS - DESA; UNITED NATIONS
• Subject Topical: DEVELOPMENT; ECONOMIC DEVELOPMENT; SUSTAINABLE DEVELOPMENT GOALS; 2030 AGENDA
• MAMS Id: 3195315
• Parent Id: 3195315
• Alternate Title: unifeed240409c

Description

STORY: UN / FINANCING FOR SUSTAINABLE DEVELOPMENT PRESSER
TRT: 01:30
SOURCE: UNIFEED
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 09 APRIL 2024, NEW YORK CITY / FILE

Shotlist

FILE - NEW YORK CITY

1. Wide shot, UN Headquarters

09 APRIL 2024, NEW YORK CITY

2. Wide shot, speakers, press room
3. SOUNDBITE (English) Amina Mohammed, Deputy Secretary-General, United Nations:
“We face what I think we can say is a serious development crisis, a crisis with finance at its heart that requires an immense amount of international effort to try to turn it around. That if it's got to start now, or it is for many, many countries game over, there are just 6 years to go till 2030. Multiple global shocks mean the Sustainable Development Goals are now worryingly off track.”
4. Wide shot, speakers
5. SOUNDBITE (English) Amina Mohammed, Deputy Secretary-General, United Nations:
“At our current rate, we estimate some 600 million people will still be living in extreme poverty beyond 2030. And as the report shows finances are a crux of the problem.”
6. Wide shot, speakers
7. SOUNDBITE (English) Amina Mohammed, Deputy Secretary-General, United Nations:
“So, we urgently need a surge of investment for our sustainable development agenda, but as the report sets out, that relies on fundamental shifts in the global economy, and in the public sector leadership.”
8. Med shot, journalist
9. SOUNDBITE (English) Amina Mohammed, Deputy Secretary-General, United Nations:
“We need countries to commit to specific actions to transform economic and financial systems that deliver on sustainable development. The message of the 2024 financing for sustainable development report could not be clearer: We must choose now, either to succeed together or we will fail together.”
10. Wide shot, speakers

Storyline

According to a new UN report, financing challenges are at the heart of the world’s sustainable development crisis – as staggering debt burdens and sky-high borrowing costs prevent developing countries from responding to the confluence of crises they face.

Amina Mohammed, UN Deputy Secretary-General, briefed journalists today (9 Apr) on the ‘Financing for Sustainable Development Report 2024: Financing for Development at a Crossroads.’

The report shows that only a massive surge of financing and a reform of the international financial architecture can rescue the Sustainable Development Goals (SDGs).

The report says that urgent steps are needed to mobilize financing at scale to close the development financing gap, now estimated at USD 4.2 trillion annually, up from USD 2.5 trillion before the COVID-19 pandemic.

Meanwhile, rising geopolitical tensions, climate disasters, and a global cost-of-living crisis have hit billions of people, battering progress on healthcare, education, and other development targets.

With only six years remaining to achieve the SDGs, hard-won development gains are being reversed, particularly in the poorest countries.

If current trends continue, the UN estimates that almost 600 million people will continue to live in extreme poverty in 2030 and beyond, more than half of them women.