First Biennial Summit for Sustainable, Inclusive and Resilient Global Economy

Annalena Baerbock, President of the eightieth session of the United Nations General Assembly, at the first Biennial Summit for a sustainable, inclusive and resilient global economy: Implementing commitments on financing the SDGs.

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.