{"id":250309,"date":"2023-02-20T15:43:14","date_gmt":"2023-02-20T14:43:14","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=250309"},"modified":"2023-02-20T15:43:14","modified_gmt":"2023-02-20T14:43:14","slug":"un-seeks-increased-finance-for-sustainable-development","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/02\/20\/un-seeks-increased-finance-for-sustainable-development\/","title":{"rendered":"UN seeks increased finance for sustainable development"},"content":{"rendered":"<p>The United Nations has called for an immediate increase in funding for sustainable development.<\/p>\n<p>The UN Secretary-General, Ant\u00f3nio Guterres, announced the move on Monday, citing the global financial system&#8217;s failure to effectively cushion the impacts of current global crises on the Global South.<br \/>\nGuterres, who spoke at the launch of the <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/04\/08\/unicef-nigeria-must-invest-in-teachers-to-achieve-sdgs\/\">Sustainable Development Goals Stimulus<\/a>, noted that \u201cToday\u2019s poly-crises are compounding shocks on developing countries \u2013 in large part because of an unfair global financial system that is short-term, crisis-prone, and that further exacerbates inequalities.<\/p>\n<p>\u201cWe need to massively scale up affordable long-term financing by aligning all financing flows to the SDGs and improving the terms of lending of multilateral development banks.<\/p>\n<p>The Secretary-General reiterated the call for G20 countries to agree on a $500 billion annual stimulus for the SDGs.<\/p>\n<p>He stressed \u201cThe high cost of debt and increasing risks of debt distress demand decisive action to make at least $500 billion dollars available annually to developing countries and convert short-term lending into long-term debt at lower interest rates.\u201d<\/p>\n<p>Developing countries do not have the resources they urgently need to invest in recovery, climate action and the SDGs, making them poised to fall even further behind when the next crisis strikes \u2013 and even less likely to benefit from future transitions, including the green transition.<\/p>\n<p>However, as underscored by the UN Secretary-General, the SDG Stimulus, while ambitious, is achievable. He said, \u201cInvesting in the SDGs is both sensible and feasible: it is a win-win for the world, as the social and economic rates of return on sustainable development in developing countries is very high.<\/p>\n<p>\u201cUrgent political will to take concerted and coordinated steps to implement this package of interconnected proposals in a timely manner is critical.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United Nations has called for an immediate increase in funding for sustainable development. The UN Secretary-General, Ant\u00f3nio Guterres, announced the move on Monday, citing the global financial system&#8217;s failure to effectively cushion the impacts of current global crises on the Global South. Guterres, who spoke at the launch of the Sustainable Development Goals Stimulus, [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":70478,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"https:\/\/punchng.com\/un-seeks-increased-finance-for-sustainable-development\/","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[37],"tags":[57685,15760,6519,57686,3098],"class_list":["post-250309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-increased-finance","tag-sdgs","tag-seeks","tag-sustainable-development","tag-un"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UN seeks increased finance for sustainable development<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2023\/02\/20\/un-seeks-increased-finance-for-sustainable-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UN seeks increased finance for sustainable development\" \/>\n<meta property=\"og:description\" content=\"The United Nations has called for an immediate increase in funding for sustainable development. The UN Secretary-General, Ant\u00f3nio Guterres, announced the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2023\/02\/20\/un-seeks-increased-finance-for-sustainable-development\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-20T14:43:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/08\/ify_davies\/2021\/08\/13\/antonio-guterres.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"695\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Davies Ngere Ify\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" 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