First Biennial Summit for Sustainable, Inclusive and Resilient Global Economy

Annalena Baerbock (centre right), President of the eightieth session of the United Nations General Assembly, addresses the first Biennial Summit for a sustainable, inclusive and resilient global economy: Implementing commitments on financing the SDGs. At her left is Lok Bahadur Thapa, Permanent Representative of Nepal and President of ECOSOC.

The Summit addresses the critical challenges facing development finance, including widening gaps between available financing and needs – a gap now estimated at over $4 trillion a year – and widespread debt distress. With existing dialogue on finance spread across multiple institutions, developing countries under-represented in decision-making, and with multilateralism under strain, the Summit seeks to align and bolster global efforts.