The sixth edition of the Finance report was published on June 5 for the development of the fourth International Conference (FFD 4) on financing for development held in Sevia in Spain.
According to the report, developing countries are facing huge financial decrease of $ 2.5 to $ 4 trillion to achieve sustainable development goals.
This crisis is especially deeper in the Asia-Pacific, where the challenges among countries are becoming more complicated due to geopolitical instability and economic pressure worldwide.
It is feared that it can disrupt progress towards poverty, climate steps and elimination of economic recovery.
“This challenge and immediate opportunity are in any place other than the UN Secretary General and SCAP Executive Secretary Armida Salsiyah Alishavana. It is not any other place except Asia and the Pacific. It is an opportunity that we can lay the foundation of more skilled, justified and sustainable economics.”
Report
- Domestic revenue: Many governments are unable to increase adequate resources. The tax system is not skilled and the possibility of imposing taxes on property and high prosperity is not being fully used.
- Private sector: Capital markets are still underdeveloped and rarely reach economic housing from money, clean power, public health or private sector.
- Public Debt O crisis is increasing: Many countries are fighting the debt crisis. The report emphasizes the need to take the orrow responsible, the transparency of the public finance and a better combination of the Debt solution.
- Develop matches of sustainable finance with targets: When countries plan to invest in both economic and environmental benefits, they can get better results for long -term and inclusive development.
Roadmap for a suitable economy
The report is advised to resolve technically accurate, financially effective and policy -applied regional reality.
The report is advised to strengthen the regulatory structure, improve quality and promote innovative financial equipment, so that more countries can get effective access to sustainable capital.
Hist Tihasik Partnership and Regional Leader
The escap has published this Report for the first time with Organizations Such as the Asian Development Bank (ADB), Climate Bond Initiative, International Renewable Energy Agency (IRNA) Unfccccccccccccc.cccccccccccccc.cccccccccccccccccccracy
Its purpose is to constantly strengthen capital markets, provide money for energy change and develop a project pipeline for SDGs.
The report was more clearly warned that if appropriate steps were not taken timely, the Asia-Pacific region could be lagging behind in global development competition.
However, if the region shows the adventure leadership, it can also become a sustainable development guide for the whole world.