Economic issues

Following are UN Deputy Secretary-General Amina J. Mohammed’s remarks, as prepared for delivery, at the World Circular Economy Forum + Climate event today:

Ministers and other high-level officials concluded the 2021 Forum on Financing for Development Follow-up today, reaffirming their commitment to strengthen multilateral cooperation and solidarity to combat COVID-19’s frustration of global implementation of the 2030 Agenda for Sustainable Development, tenuous even before the unprecedented crisis exacerbated existing ones.

Poor countries are facing severe setbacks on their development paths, encumbered by ballooning debts, high risks of default and limited ability to inject desperately needed liquidity into their markets, economic experts told the Forum on Financing for Development today, as they offered ideas for ensuring a more equitable global recovery from the pandemic during three interactive panels.

The Economic and Social Council continued its annual Forum on Financing for Development today, holding two interactive panel discussions, during which speakers proposed potential solutions to COVID-19’s devastating impact on infrastructure investment — lagging even before the novel coronavirus struck — and sought ways to avoid a global post-pandemic recovery that leaves some behind.

The Economic and Social Council opened its annual financing for development forum today amid warnings that, with more than 3 million lives lost to COVID-19 and infections still on the rise, Governments must urgently heed the lessons learned thus far if they are to avoid a lengthy global recession.

Following are UN Secretary-General António Guterres’ remarks to the opening of the 2021 Economic and Social Council Forum on Financing for Development, in New York today:

The United Nations team in Timor-Leste, led by Roy Trivedy, the Resident Coordinator, is supporting local authorities following floods that have impacted Díli and other parts of the country.  The Government says there have been more than 30 deaths and over 13,500 people are living in evacuation sites.

After La Soufriere volcano erupted today in Saint Vincent and the Grenadines, the United Nations Emergency Technical Team for Barbados and the Eastern Caribbean Countries met to discuss the pre-positioning of relief items.  The World Food Programme and the United Nations Children’s Fund are also readying supplies.

The following statement was issued today by the Spokesman for UN Secretary-General António Guterres:

The World Food Programme (WFP) said today that, due to significant funding gaps, it is cutting food rations for refugees and internally displaced people in South Sudan.  The cuts will affect nearly 700,000 of them and they will now receive 50 per cent of a full ration, down from 70 per cent.