
The Deputy Secretary-General of the United Nations, Amina Mohammed, has warned that the Sustainable Development Goals (SDGs) are at risk of slipping away due to cascading global crises, highlighting the need to reform the global financial system.
Speaking at a forum on reform during the Spring Meetings of the International Monetary Fund and the World Bank, Mohammed on Thursday called for a course correction now, as we approach the halfway point to achieving the SDGs by 2030.

Developing countries have been hit hard by soaring energy and food costs, the climate emergency, and the COVID-19 pandemic, putting them at greater risk of debt distress and undermining their ability to invest in recovery and sustainable development.
Mohammed stressed that reforms should address challenges in five inter-related areas, including reforming global economic governance, closing gaps in the sovereign debt architecture, and reshaping international public finance. Recent crises have also revealed the need to strengthen global financial safety and reset the rules of the banking and financial systems.
In recent years, developing countries have been hit hard by soaring energy and food costs, the climate emergency, and the COVID-19 pandemic. These crises have unfolded amidst rapidly tightening global financial conditions and rising borrowing costs, putting vulnerable countries at greater risk of debt distress and undermining their ability to invest in recovery and sustainable development.
Mohammed stressed that the global financial architecture is flawed and was designed for a world that no longer exists. She recalled that the UN secretary-general has proposed a global SDG Stimulus Plan of at least 500 billion U.S. dollars annually to scale-up affordable long-term financing for countries in need. This would include mobilizing official financing at scale, lowering the cost of borrowing, and providing contingency financing in times of crisis, she said.
However, Mohammed expressed concern that the international community is not finding common ground, and that the G20 in particular remains at an impasse. She warned that failing to listen to clear calls for change would be a mistake, leading to the decoupling of the global financial system and an unravelling of multilateralism at large.
Mohammed pointed to upcoming opportunities to build a coalition of like-minded leaders to drive an ambitious financing package for the SDGs and climate action, including the Bridgetown Initiative, a “Global Financing Pact” summit in June convened by French President Emmanuel Macron, and the SDG Summit and High-Level Dialogue on Financing at UN Headquarters in September.
She stressed that reforms should address challenges in five inter-related areas, starting with reforming global economic governance to broaden and strengthen the representation of developing countries in the governance of international institutions. She also called for closing gaps in the sovereign debt architecture, reshaping international public finance, strengthening global financial safety, and resetting the rules of the banking and financial systems.
Mohammed emphasized that most of these reforms are already being discussed by the international community, but it is now time to bring these disparate discussions together and build the political will required to transform these ambitions into reality. #
apartments ellicott city md linear apartments brigham apartments
Im grateful for the article.Really looking forward to read more. Awesome.
Asking questions are actually fastidious thing if you are not understanding something totally, however this piece of writing presents pleasant understanding yet.
Hi there colleagues, how is all, and what you want to say concerning this paragraph, in my view its really remarkable designed for me.
Aw, this was an incredibly good post. Spending some time andactual effort to create a top notch article… but what can I say…I hesitate a whole lot and don’t manage to get anything done.
Very neat article post.Much thanks again. Will read on…
I will right away grab your rss as I can’t find your e-mail subscription link or newsletter service. Do you have any? Kindly let me know so that I could subscribe. Thanks.
You have brought up a very excellent points, regards for the post.
lasix side effects: lasix tablet – lasix dosage
Dead pent content, thank you for selective information. “The last time I saw him he was walking down Lover’s Lane holding his own hand.” by Fred Allen.
Thank you for the auspicious writeup. It actually was a enjoyment account it. Glance complex to more delivered agreeable from you! By the way, how could we keep up a correspondence?
I really like what you guys tend to be up too. This kind of clever work and exposure! Keep up the amazing works guys I’ve included you guys to blogroll.
I want to to thank you for this good read!! I certainly enjoyed every little bit of it. I have you saved as a favorite to look at new things you postÖ
Greetings! Very useful advice within this article!It’s the little changes that will make the greatest changes.Many thanks for sharing!
This is a very good tip particularly to those fresh to the blogosphere. Simple but very precise infoÖ Many thanks for sharing this one. A must read post!
buspar dosage buspirone dosages buspirone stopping
Major thankies for the blog.Really thank you! Really Great.