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KIU International Desk: UN Deputy Secretary-General Holds Virtual Meeting With UN Member Finance Ministers on Global Economic Recovery

kiu-international-desk-un-deputy-secretary-general-holds-virtual-meeting-with-un-member-finance-ministers-on-global-economic-recovery

KIU, Western Campus – The United Nations (UN) Deputy Secretary-General, Amina Mohammed has addressed ministers from UN Member States and representatives from international institutions, during a virtual meeting on Tuesday to solidify a “menu” of policy options for post-pandemic recovery and beyond, which will be presented to world leaders later this month, according to a UN report.

According to the report, Mohammed told financial ministers that although the crisis has affected everyone, the consequences will be worse for the world’s most vulnerable citizens. 

“Between 70 to 100 million people could be pushed into extreme poverty; an additional 265 million people could face acute food shortages by the end of this year, and an estimated 400 million jobs have been lost: disproportionately, of course, affecting women”, the report quotes Mohammed as saying. 

The meeting on "Financing for Development in the Era of COVID-19 and Beyond" was the initiative of the UN Secretary-General and the Prime Ministers of Jamaica and Canada, launched in May. 

The aim is to present what the organizers described as “a single ambitious menu of policy options” to address recovery in the short term, but also to mobilize the resources needed to achieve the Sustainable Development Goals (SDGs) by 2030 and to create a resilient global financial system over the long term. 

Picture credit: UN