Financing for Sustainable Development Report 2024

Recently, United Nations Department of Economic and Social Affairs launched the ‘Financing for Sustainable Development Report 2024.’

Major Findings

Sustainable Development Crisis

  • The world grapples with a sustainable development crisis, compounded by geopolitical tensions, climate disasters, and a global cost of living crisis.
  • These challenges impede progress on crucial development targets, jeopardizing the well-being of billions.

Finance Divide

  • Developing countries bear the brunt of exorbitant debt burdens and soaring borrowing costs, hindering their ability to respond to multifaceted crises effectively.
  • The report reveals that developing countries pay around twice as much on average in interest on their total sovereign debt ....
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