UN chief appeals for more money for SDGs

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Added On April 17, 2019

UN Secretary-General Antonio Guterres has highlighted the importance of financing for implementing the Sustainable Development Goals (SDGs) and the Paris Agreement.
 
Economy Report has more.
 
The UN chief made the remarks on Monday at his opening speech to the 2019 Economic and Social Council financing for development forum.
 
SOUNDBITE (English): ANTONIO GUTERRES, UN Secretary-General
"2019 is a defining year for implementing the Sustainable Development Goals and the Paris Agreement. So far, we are not keeping pace. We face serious challenges and evolving risks. Uneven growth, rising debt levels, possible upticks in financial volatility, and heightened global trade tensions are complicating the implementation of the Sustainable Development Goals."
 
According to Guterres, a recent study by the International Monetary Fund found that developing countries face an average annual funding gap of some 2.6 trillion U.S. dollars of investment in health, education, roads, electricity, water and sanitation.
 
SOUNDBITE (English): ANTONIO GUTERRES, UN Secretary-General
"For low-income developing countries, this means additional annual spending that can amount to as much as 15 percent of their Gross Domestic Product. Simply put: we need more money to implement the Sustainable Development Goals."
 
The ongoing forum runs until Thursday.