The UN belongs to you, deputy chief tells youth advocates in Spain — Global Issues

UN Deputy Secretary-General Amina Mohammed, and the head of its urban development agency, UN-Habitat, Maimunah Mohd Sharif, were in Spain in the context of World Cities Day, observed annually on 31 October, and the event took advantage of their visit. 

Young people are an integral part of a growing network of local and global voices uniting around the Sustainable Development Goals (SDGs), which promise a more just, equitable and “greener” world by the 2030 deadline. 

A seat at the table 

As strong advocates for climate action and social justice, they have a key role in efforts to achieve sustainable development that benefits both people and the planet. 

After delivering a few opening remarks, Ms. Mohammed underscored why it was necessary to have youth at the table, especially given the current global crises.  

The UN continues to highlight how factors such as the COVID-19 pandemic, the climate emergency and conflicts, including fallout from the war in Ukraine, are affecting millions and putting the SDGs in jeopardy. 

The Deputy Secretary-General spoke of how youth and gender must be mainstreamed across the UN system and reflected in all its work. 

Ms. Mohammed also asked her audience how she and the UN can support them. 

Leaders of tomorrow 

With young people comprising more than 60 per cent of the global population, and some 70 per cent of all city dwellers, they are both city innovators and the leaders of tomorrow, said Ms. Sharif. 

She recalled that as far back as the Habitat III UN conference on housing and sustainable urban development, held in Quito, Ecuador, in 2016, young people came up with their own benchmark to review global progress thus far. 

UN entities in Spain were encouraged to invite youth representatives from different sectors to participate in the dialogue. 

Knowledge and advocacy 

They included Lina Amir, youth representative from the UN refugee agency, UNHCR, who shared her perspective from the health and prevention sector. She spoke about how young people are discouraged from taking part in politics, for example, due to factors such as fear and insecurity. 

Ms. Amir suggested that knowledge is necessary to overcome this, and decision makers should create more programmes that help young people gain confidence. She added that more intergenerational spaces need to be established to find common solutions, while dedicated spaces must be created to incorporate youth opinions in political debates.

José Martín from the non-profit CIFAL Málaga, said promoting youth leadership requires two things: training and advocacy.

Youth should gain a deep understanding of the world, and of environmental, social and economic sustainability, as well as the 2030 Agenda as a roadmap for the future, he said, and this training should be mainstreamed across all educational levels – from kindergarten to university.

Advocacy should take place through dynamic and practical workshops, where young people become leaders and can share their opinions and perspectives.  

UN belongs to youth 

In her closing remarks, Ms. Mohammed stated that every generation needs to be proactive.   

Today’s young people have social media platforms at their disposal, and while these can be great communications tools, she warned that they can cause people to have a narrow view of things, instead of seeing the wider world and multiple perspectives. 

She spoke of the importance of representation, and the need to open spaces for youth, adding that young people themselves should also make their voices heard.  

The Deputy Secretary-General said the UN must also let young people speak, and really listen to them.  

She agreed that an intergenerational conversation is needed, as well as new forms of community that cast aside the silos that separate us across society, such as young and old, parliamentarians and voters, for example. 

Finally, she reminded participants that the UN belongs to youth, so they themselves must make the UN their own, and reshape it. Democracy also belongs to the young, she added, but lately many do not vote, meaning they are not represented. 

She called for youth to defend democracy, fight for it, and safeguard youth rights.

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‘Act Local to Go Global’ provides universal theme for World Cities Day — Global Issues

In his message marking World Cities Day, the UN chief highlighted the critical role urban areas have in achieving the Sustainable Development Goals (SDGs). 

The SDGs outline global action and targets across 17 critical areas including poverty reduction, gender equality and clean energy. 

“On World Cities Day, let us resolve to work with cities to build a sustainable, inclusive, and resilient world for all,” he said. 

‘Backsliding’ on SDGs 

The SDGs were agreed by countries in 2015, and Mr. Guterres noted that next year marks the mid-point on the path to the 2030 deadline. 

However, an honest look so far reveals a bleak picture, he added. 

“Across a range of critical goals – from poverty and hunger to gender equality and education – we are not seeing progress, but backsliding,” said the Secretary-General. 

“The consequences are dramatic: escalating climate chaos, growing poverty, rising inequalities, and more.” 

Change course now 

The Secretary-General stressed that “we must change course – and we can”

In line with the Day’s theme – ‘Act Local to Go Global’ – he said the SDGs are “global in scope, but implementation is local”, meaning that their implementation happens largely in cities. 

Currently, more than half the global population lives in urban areas, rising to two-thirds by 2050. 

Cities also generate over 80 per cent of global economic activity, and account for over 70 per cent of carbon emissions. 

Leading the ‘green’ transition 

The Secretary-General pointed out that many cities are already leading the transition to renewable energy, setting credible net-zero targets and building climate-resilient infrastructure. 

“I encourage them to work with their governments and sister cities across the world to share experiences and help raise ambition,” he advised. 

The UN chief underlined that the actions cities take locally towards sustainability will be felt across the world. 

Furthermore, he added that “the transformative policies they pioneer today can catalyze change that will save lives and livelihoods everywhere tomorrow.” 

ADB/Ariel Javellana

The Pudong District is home to many of Shanghai’s best-known buildings.

Celebrations return to Shanghai 

The global celebrations for World Cities Day are held in a different city each year. Shanghai served as host of the first celebrations back in 2014, and the festivities returned there this year. 

Shanghai is China’s largest city, and the country’s President sent a congratulatory letter which was read by Party Secretary of the Shanghai Municipality, Chen Jining. 

Other dignitaries who addressed the opening ceremony were the Minister of Housing and Urban-Rural Development, Ni Hong, and the Mayor of Shanghai Municipal Government, Gong Zheng. 

‘Urban October’ ends 

World Cities Day, held annually on 31 October, closes out a month of advocacy for sustainable urbanization, or “Urban October”. 

Like the Secretary-General, the head of the UN agency that promotes a better urban future for all highlighted why countries must step up the pace. 

“We have only about 87 months, 380 weeks or 2,600 days left to implement the 2030 Sustainable Development Goals. The best way to do so is by ensuring our cities and communities are sustainable. The time to act is now,” said Maimunah Mohd Sharif, Executive Director of UN-Habitat

A government priority 

UN-Habitat has been advocating for the localization of SDGs since the endorsement of the 2030 Agenda for Sustainable Development. The agency’s work in this area is guided by what it calls by a partnership-based territorial approach, human rights, and multilevel governance. 

“The priority for any responsible government is to ensure that the quality of life for its citizens and to make cities more child friendly, accessible for the elderly, greener, and friendlier,” said UN Resident Coordinator in China, Siddharth Chatterjee. 

The global celebrations for World Cities Day 2022 were held both in-person and online.  They were livestreamed at the UN complex in Nairobi, Kenya, the home city of UN-Habitat. 

Representatives from China, Eritrea and Kenya attended the Nairobi ceremony, while more than 350 people from around the world joined the hybrid event, with over a dozen UN Member States participating online from Nairobi.  

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Global jobs market set to deteriorate amid Ukraine war shocks: ILO — Global Issues

Estimates from ILO for the third quarter of 2022, indicate that the level of hours worked was 1.5 per cent below pre-pandemic levels, amounting to a deficit of 40 million full-time jobs.

Inflation up, wages down

The 10th edition of the Monitor on the World of Work confirms that rising inflation is causing real wages to fall in many countries.

This comes on top of significant declines in income during the COVID-19 crisis, which affected low-income groups most in many countries. The report finds that labour market inequalities are likely to increase, contributing to a continued divergence between developed and developing economies.

According to the Monitor, a set of multiple and overlapping crises, compounded by the Ukraine war and subsequent negative spill-over effects, have materialized over 2022 which have impacted the world of work deeply.

Food and energy in flux

The effects are being felt through food and energy inflation, declining real wages, growing inequality, shrinking policy options and higher debt in developing countries.

A slowdown in economic growth and aggregate demand will also reduce demand for workers as uncertainty and worsening expectations affect hiring.

The Monitor finds that worsening labour market conditions are affecting both employment creation and the quality of jobs, pointing out that there is already data that suggests a sharp labour market slowdown.

At the beginning of 2022, the number of global hours worked was recovering strongly, notably in higher-skilled occupations and among women.

However, this trend was driven by an increase in informal jobs, jeopardizing 15 years of progress trend towards formalization.

Solidarity, to end war

ILO says that a strong commitment is needed to initiatives such as the UN Global Accelerator on Jobs and Social Protection; its objective is to create 400 million jobs and extend support to the four billion people who have nothing to fall back on should they fall sick or get hurt at work.

A rapid end to the conflict in Ukraine, as demanded in the resolutions of the ILO Governing Body, would further contribute to improving the global employment situation, the UN agency noted.

“Tackling this deeply worrying global employment situation, and preventing a significant global labour market downturn, will require comprehensive, integrated and balanced policies both nationally and globally,” said ILO Director-General, Gilbert Houngbo.

“We need the implementation of a broad set of policy tools, including interventions in the prices of public goods; the rechannelling of windfall profits; strengthening income security through social protection; increasing income support; and targeted measures to assist the most vulnerable people and enterprises.”

© UNICEF/Alessio Romenzi

A 13-year-old boy works in a mechanic’s shop in Syria.

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UN Resident Coordinators a key link in achieving development goals — Global Issues

Ambassadors and UN leaders recently reaffirmed their support for the Organization’s Resident Coordinators, who lead teams servicing more than 160 countries and territories.

These 130 senior officials are the Secretary-General’s designated representatives in the field and coordinate UN operational activities for development.

They are critical to achieving the Sustainable Development Goals (SDGs), agreed by the UN’s 193 Member States seven years ago, which promise a more just, equitable and “green” world by 2030.

A force for solutions

Resident Coordinators were at UN Headquarters this month for a series of interactive sessions with the Secretary-General, the Deputy Secretary-General, UN Sustainable Development Group principals and Member State representatives, to review progress and challenges, four years into UN development system reforms.

This marked their first in-person gathering since the onset of the pandemic.

During his meeting with them, Secretary-General António Guterres called on Resident Coordinators to keep ambitions high, as they are the “UN development system’s biggest convening force to forge solutions” in countries at a time of myriad challenges.

He also warned of yet another difficult year ahead, and the need for UN support with greater scale than ever before.

‘Long road ahead’

That message echoed throughout the interactive dialogue between the Resident Coordinators and Member States, hosted by UN Deputy Secretary-General Amina Mohammed.

She said the reforms of the UN development system are delivering results, noting that 95 per cent of host Governments confirm that the reinvigorated Resident Coordinator system and the new generation of UN country teams are more integrated and more collaborative.

“At the same time, we are aware that there is still a long road ahead of us and that the global crisis we face has raised the bar even higher,” she added.

Ms. Mohammed highlighted key priorities for the coming year, which the Secretary-General had outlined in his meeting with the Resident Coordinators.

They are mitigating the impact of the global cost-of-living crisis, advancing climate action, and accelerating just economic transitions across energy, digital and food systems that both empower people and protect the planet.

Accelerate the transition

The UN deputy chief also listed the actions required to support these priorities, such as financing. 

“Transformative change and a just transition cannot happen without financial investments at speed and at scale — and without significant reforms to our global financing architecture,” she said.

Ms. Mohammed stressed that 2023 must be the year countries accelerate the transitions that will reshape and power economies to deliver the SDGs.

“Together, we must raise the ambition and urgency needed to leapfrog from the multiple crises we face and, together, achieve the Sustainable Development Goals.”

Praise for reform

Several Member State representatives at the meeting commended Resident Coordinators for their role in ensuring the implementation of crucial action plans that support sustainable development in some of the world’s most vulnerable countries.

The Ambassador of Barbados, Keith Hamilton Lewellyn Marshall, also said the reform is “unqualifiedly a success”, adding that Small Island Developing States are benefitting, including through integrated responses to natural disasters.

Munir Akram, Pakistan’s Ambassador and chair of the Group of 77 and China developing country coalition, said his government sees that the UN development system reform “has been a successful exercise.”

While in New York, Resident Coordinators from different regions also told UN News how country teams are making a difference at a critical time for the international community.

The view from Brazil

Silvia Rucks arrived in Brazil roughly a year-and-a-half ago, at the height of the pandemic.  The situation was difficult, but she was impressed with how well the 25 UN agencies, funds and programmes in the country were uniting in the face of the crisis.

“When we think about UN reform, Brazil is a good example of how these agencies work together,” she said.

Teams mobilized resources, supplies, and medicines, particularly to support the most affected populations, such as indigenous communities.

Ms. Rucks added that the UN system in Brazil works in other key areas, such as humanitarian assistance and human rights, in addition to promoting sustainable development.

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‘Game changer’ ideas on water and sustainability, centre-stage ahead of major water conference — Global Issues

The results emerging from roundtables on governance, capacity development, data and information, innovation and financing, will be shared with national representatives on Tuesday, at a preparatory meeting for the UN 2023 Water Conference, taking place in March.

Noting that the world stands at a watershed moment, the President of the General Assembly, Csaba Kőrösi, whose Office organized the consultations, told participants that it is time to “transform from reactive water management to proactive, science-based solutions to the water crisis.”

Science-based solutions

Mr. Kőrösi urged participants discuss game changers from the perspective of “solidarity, sustainability and science”, the motto of the 77th session of the General Assembly.

Former President of the Republic of Hungary, János Áder also addressed the opening, in his capacity as Member of the Water and Climate Leaders. He called for a greater emphasis on collecting and sharing information: “We cannot stop this water crisis. We have to adapt. And to adapt, we need data and information.”

Shaken, not stirred

Reminding participants of the “James Bond ratio” whereby only 0.007 per cent of the planet’s water is potable. Mr. Áder listed categories missing data bases, such as on water quality, grid loss, humidity content and wastewater. 

Without good date on these topics, it makes it difficult to see the potential social, political and economic impact of water issues, Mr. Áder noted.

The opening session also heard from UN Global Compact Chief of Staff, Melissa Powell. She discussed CEO Water Mandate, which is an initiative to align business principles with water, sanitation and the Sustainable Development Goals (SDGs) – and called for greater engagement with the public sector.

Speaking also on behalf of the private sector in the opening, Matthias Berninger, who works in Public Affairs and Sustainability at Bayer, said more and more companies are engaging on water because it is important for their businesses.

Fluid new systems

He suggested that now is the time to start a more concerted effort to create a water and climate information system which would allow assistance for farmers, people living on shorelines, and decisionmakers.

Youth advocate, Keziah Theresee Gerosana, called for UN agencies to allocate at least half of their budgets to water and climate projects.

Referring to the importance of intergenerational discussions, in addition to inter-sectoral, she urged participants to see young people as allies: “Will you open your doors and accept us? Allow us to be your partners for change?”

Young business leader Lindsey Blodgett, called on participants to “work together outside of our spheres of influence” to harmonizing game changers across communities that normally would not be cooperating.

Short on climate action

Joining by video message, the Secretary-General of the World Meteorological Organization Petteri Taalas warned that climate action failure – which includes water inaction – is the biggest global risk.

He stressed the need to invest more in early warning systems, and to fill in the gaps in meteorological observing systems on the African continent, among Small Island Developing States (SIDS) and the Least Developed Countries (LDCs). 

Monday’s discussions also included information from a series of online stakeholder discussions organized earlier this year by the UN Department of Economic and Social Affairs (UN DESA). 

That Department’s Under-Secretary-General Li Junhua, who is the Secretary-General of the UN 2023 Water conference, presented the findings. UN DESA helped to organize today’s discussions.

Governance overhaul

Revolutions hurt, said Hank Ovink, Special Envoy for Water from the Netherlands, addressing the roundtable on governance. Netherlands, along with Tajikistan, are the co-hosts of UN 2023 Water Conference.

Mr. Ovink said that to really have an impact, the international community will need to change “quite a log about what we’re used to, in combination with political will, societal will, a whole of society approach in a radically inclusive way.”

The Special Envoy told participants and moderator Danielle Gaillard-Picher, the Global Coordinator of the Global Water Partnership, that the contributions and societal will of everyone watching can make a difference.

Developing capacity

One of the issues discussed in the roundtable on capacity development is the establishment of a mechanism like the Intergovernmental Panel on Climate Change or IPCC, which could provide policy makers with science-based knowledge.

“That knowledge has to be translated to change water culture,” said Moderator Abou Amani, the Director of Water Sciences Division at UNESCO. “Because too many people are taking water for granted.”

Topics also discussed in the roundtable included not leaving anyone behind, as well as formal and informal water education and financing to help support the movement.

Need to know

Carolina Tornesi MacKinnon, of the World Youth Parliament for Water, moderated the panel on data and information.

One of the game changers discussed was the UN Early Warnings for All initiative, which is expected to be discussed at the COP27 in Egypt next month.

Participants also discussed the need for databases and better information on water use and water quality, that are open to all, without proprietary use or high subscription prices.

Some also mentioned the importance of gender, referring to the UNICEF statistic that women and girls spend 200 million hours a day gathering water, which allows them far less time than they need for studies and income generating activities.

© UNICEF/Vlad Sokhin

Children stand in a flood water in Borno State, Nigeria.

Innovation

Among the game changers discussed in the innovation roundtable moderated by Marc Zeitoun, from the Geneva Water Hub, participants discussed topics such as appointing water champions within parliaments, to connect decision makers with the issue.

Some participants highlighted unconventional water resources, noting that in some countries, water reuse cannot be part of the solution because there is no water to reuse. Such technologies also include desalinating systems, and methods of extracting water from air.

Accessing finance

In the roundtable on financing, moderated by the economic development body OECD’s Anna Dupont, one of the topics discussed was the importance of linking water to the resilience and climate change agenda.

Close to 80 per cent of natural disasters so far this century are water-related.

Participants also discussed financial implications and how to drive investment, given rising interest across the private sector in water-related, sustainability issues. The interest is being driven in part by the need to access resources on the part of business.

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Lifting 100 million out of poverty by 2025 still possible, despite recession threat — Global Issues

The Multidimensional Poverty Index (MPI), a joint analysis from the UN Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford, goes beyond measuring poverty as a measurement of poverty, and looks at other indicators, from access to education and health, to living standards such as housing, drinking water, sanitation and electricity.

Using this way of calculating the issue, the study shows that, even before the COVID-19 pandemic and the current cost-of-living crisis are accounted for, some 1.2 billion people in 111 developing countries are living in acute multidimensional poverty – nearly double the number who are seen as poor when poverty is defined as living on less than $1.90 per day.

Joined up thinking

Because there are different aspects of poverty in different regions, the study calls for the development of strategies that tackle the issue to be tailored to specific countries and regions.

It also identifies recurring patterns of poverty (“deprivation bundles”), that commonly affect those at risk. For example, more than half of those living in poverty lack both electricity and clean cooking fuel, whilst a third are deprived of nutrition, cooking fuel, sanitation and housing at the same time.

The experience of families in Lao PDR, for example, shows the interconnected nature of living in poverty, and the complexity of reducing it.

Children are sent to collect firewood because of a lack of cooking fuel, so they can’t go to school. Simply providing funds to build a school would, therefore, make no sense, without first fixing the fuel problem.

Historic improvement

Despite the scale of the challenge, significant improvements have been made in reducing poverty.

In India, some 415 million people left multidimensional poverty in a 15-year period – a historic change – and data gathered before the COVID-19 pandemic show that 72 countries had significantly reduced poverty over recent years.

The report showcases success stories from countries that have used integrated poverty reduction strategies: Nepal’s investment in sanitation, for example, has improved access to drinking water, child nutrition, and, through a reduction in diarrhoea and child mortality.

Reacting to the findings, Achim Steiner, the head of UNDP, said that, at a time when government budgets are being squeezed, cutting-edge data and analytics can pinpoint the areas where spending will have the most impact.

For example, the report shows, he said, “that decarbonization and expanding access to clean energies will advance climate action, and is also critical for nearly 600 million multidimensionally poor people who still lack access to electricity and clean cooking fuel.”

The study, he continued, will be “vital to inform UNDP’s efforts across the globe as we work with our partners from the United Nations and beyond to reach our bold objective of helping lift 100 million people out of multidimensional poverty by the year 2025”.

UNDP India/Dhiraj Singh

In India, five out of six people in multidimensional poverty were from lower tribes or castes.

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Business leaders deliver bold solutions to unlock long-term investment in SDGs — Global Issues

The Fourth Annual Meeting of the Global Investors for Sustainable Development (GISD) Alliance, is focused on supporting developing countries on the road to meeting the SDGs, and it took place at UN Headquarters in New York amid a worsening global economic outlook brought on by war in Ukraine, climate change, and COVID-19 – all of which is threatening long-term investment, said a press release issued by GISD.

‘No time to waste’

The large and persistent SDG financing gap must spur our collective effort to scale up private finance and investment for the SDGs. There is no time to waste. We cannot afford for the SDGs to fall out of reach,” said UN Secretary-General António Guterres.

The GISD Alliance — convened by the Secretary-General in 2019 — consists of prominent business leaders from across the world, including the heads of Standard Chartered, Pimco, Citibank and Investec.

Finance boost

It seeks to align, scale up, and accelerate finance and investment for the 17 Goals. The GISD Alliance is led by co-Chairs Leila Fourie, Chief Executive Officer of the Johannesburg Stock Exchange, and José Viñals, Group Chairman of Standard Chartered.

“In the past year, building on pivotal work done in the preceding years, the GISD Alliance has focused on setting conditions for the scaling up of long-term private finance for sustainable development investment (SDI),” said Ms. Fourie.

“This was accomplished through the development of a credible definition for SDI, SDG-aligned metrics, a Model Mandate to assist in developing SDI strategies, making input into the development of a set of global sustainability reporting standards, and a roadmap for necessary MDB reforms.”

New initiatives

Mr. Viñals said that during the next 12 months, the Alliance would “continue to scale up these efforts and embark on new initiatives, launching a transformational blended finance platform that will allow for co-investment in sustainable infrastructure projects.

“We will also continue our engagement with global stakeholders to advance the reforms necessary to unlock finance and investment for sustainable development in support of the SDGs.”

To facilitate the flow of investments to developing countries, the Alliance is advocating for more effective private capital mobilization by multilateral development banks and the overall international development system.

GISD Members have made recommendations on changes to governance and business models of development banks and improved finance structures.

New standards

Since its launch, the Alliance has developed standards and tools to align investment portfolios with the SDGs, including a unified definition of Sustainable Development Investing (SDI) and SDG-aligned, sector-specific metrics that strengthen reporting and enable a credible comparison of SDG performance within and between different industries.

GISD highlighted the case of Aware Super, a pension fund based in Australia with  AU$150 billion in assets, which has now incorporated the SDI definition as part of its investment due diligence.

Most recently, in collaboration with the International Corporate Governance Network (ICGN), the Alliance launched the Model Mandate, which provides guidance on the contractual relationships between asset owners and asset managers, with a focus on encouraging long-term investments that are aligned with the SDGs.

Co-invest for the future

The GISD Alliance has also submitted a collective response to the public consultation of the International Sustainability Standards Board, established at COP26, to develop a comprehensive global baseline of sustainability disclosures for capital markets.

In addition, the GISD Alliance is moving towards launching the Sustainable Infrastructure Investment Platform (SIIP) which will allow multiple multilateral development banks and institutional investors, to co-invest in SDG-aligned infrastructure and scale investments up in emerging markets.

The UN chief convened the Alliance to find solutions to mobilize investment in the SDGs as part of the implementation of his Strategy for Financing the 2030 Agenda for Sustainable Development. Members control assets worth $16 trillion.

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UN Development Programme calls for debt relief now for 54 countries — Global Issues

Without action, poverty will rise and desperately needed investments in climate adaptation and mitigation simply will not happen, the agency warned. 

The paper – Avoiding ‘Too Little Too Late’ on International Debt Relief – highlights the ripple effects of government responses to the recent economic crisis, and the potential impacts. 

‘Small pill’ to swallow 

It explains why debt restructuring cannot wait until interest rates drop, or a global recession occurs. 

“Debt relief would be a small pill for wealthy countries to swallow, yet the cost of inaction is brutal for the world’s poorest. We cannot afford to repeat the mistake of providing too little relief, too late, in managing the developing economy debt burden,” said Achim Steiner, the UNDP Administrator. 

The 54 countries with severe debt problems include 28 of the top 50 most climate-vulnerable nations in the world.   

Although they are home to more than half of the world’s poorest people, they represent little more than three percent of the global economy.  

Potential debt deal 

The paper outlines several policy actions for debt restructuring, noting that a deal could be on the horizon.  

Markets conditions around the globe are shifting rapidly. UNDP said volatility is being fuelled by “a synchronized fiscal and monetary contraction”, along with low growth. 

Currently, nearly 20 developing countries are now paying more than 10 percentage points over United States Treasury bond rates to borrow money on capital markets.  

At the same time, holders of many developing economy bonds report they are trading at deep discounts ranging from between 40 to 60 cents on the dollar. 

Conditions favour negotiations 

A debt deal might now be possible, UNDP said, as these conditions encourage private creditors to negotiate debt relief under a Common Framework elaborated by the G20 group of countries, the world’s largest economies. 

“When emerging market bonds trade at 40 cents on the dollar, private creditors suddenly become more open to negotiation. The missing ingredient, at this moment, are financial assurances from major creditor governments to clinch a deal,” said George Gray Molina, Senior Economist at UNDP. 

Rich countries have the resources to end the debt crisis, the paper argues, as the rapid deterioration is partly due to their own domestic policies.  

This week, G20 finance ministers will meet in Washington, DC, ahead of the annual meetings of the World Bank and the International Monetary Fund (IMF).  

UNDP believes conditions are ripe for creditors and debtors to kickstart debt restructuring talks under the G20 framework. 

The paper proposes a way forward, focused on key areas such as debt sustainability analysis, official creditor coordination, private creditor participation, and the use of state-contingent debt clauses that target future economic and fiscal resilience.  

Climate funding needed 

Furthermore, the Common Framework could shift focus to comprehensive restructurings that will allow countries a faster return to growth, financial markets, and development progress. 

UNDP pointed out that effective debt restructuring is only one vital element of ensuring developing countries have sufficient finances to achieve progress on sustainable development.  

New sources of funding are urgently needed, the agency said, for investments in climate adaptation and mitigation. 

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The many ways space technologies make the world a better place — Global Issues

Maruška Strah, Executive Director of the World Space Week Association

The theme of this year’s World Space Week is “Space and Sustainability”. The UN Week, the largest annual space event in the world, will focus on explaining how the technologies developed to send objects and people into space, are having a direct benefit on the ground.

Maruška Strah, the Executive Director of the World Space Week Association, is a member of the International Institute of Space Law, and a member of the International Association for the Advancement of Space Safety, as well as the European Centre for Space Law. She is studying for a PhD in Legal Studies at the Law Faculty of the University of Vienna, where she is focusing her research on Space Traffic Management, her main area of interest.

UN News Is interest in space growing?

Maruška Strah When I joined four years ago, we counted around 4000 World Space Week events, in 86 countries. Last year, we recorded 6418 events in 96 countries, so it’s really growing.

More nations are becoming involved, and more people are concerned about space, what’s happening in the sector, and also how space can benefit humanity.

I think there are several reasons for this. One is that we are seeing a lot of positive news from the media, when it comes to space exploration, and the dream of going into space is becoming more realistic, for more people.

Artists in space

Also, we are now understanding that everyone has a place in the space sector. It’s not just for astronauts, engineers, or scientists. I’m a policy person, and I didn’t know that space lawyers exist until I chose my Masters degree!

There will be opportunities for so many kinds of people, if we want to have a presence on another planet. We need artists, music, paintings, books. There’s really an opportunity to explore, and we’ve seen a growing number of events that are related to exhibitions or art contests.

UN News What is the theme of World Space Week this year?

Maruška Strah Space and sustainability. This is very important thing, because it demonstrates our values, as an association committed to the Sustainable Development Goals (SDGs). There will be many really interesting events, looking at how we can use space related technologies and applications for the benefit of life on Earth, and how we can protect space as a resource.

For example, US Vice President Kamala Harris has announced a new coalition of space companies that will focus on increasing the space industry’s capacity to meet the demand for skilled technical work for workforce in in the space sector.

NASA Astronaut Scott Kelly working outside the International Space Station in 2015.

Agencies team up

Several space agencies, including Azer Cosmos in Azerbaijan, the Pakistan space agency, and the European Space Agency, are planning events throughout the week, and Airbus will be sending its employees to talk to students in schools, showing them what they do, to inspire them.

Several individuals will be hosting events, and the calendar is filling up. All participants and event organizers are encouraged to register their events on a global calendar on our website, and send us information so that we can promote them on social media and other communications channels.

UN News What excites you about space?

Maruška Strah It’s the only sector I ever came across that involves everyone. I don’t think that we can go to space and take the issues we have here with us. I think we have to overcome them; conflicts have to be solved.

If I ever travel to space, I don’t want to just sit in a rocket and end up on another planet. I would like poets with me. I want to see artists create amazing art based on what we see It’s something that sparks imagination. And with that, you have progress.

It’s also progress here on Earth, and this was one of the main reasons why we selected space and sustainability to be to be this year’s theme, because space technologies and applications directly benefit humanity.

Out of the 169 targets within the 17 Sustainable Development Goals, 65 directly benefit from space technologies, and this is not even counting telecommunications. I don’t think we can survive without space technologies anymore, and I see beauty in that.

UN News Do you think that you might be able to go to space?

Maruška Strah I like this planet, and I really enjoy my life on Earth. For now, I have no need to leave, and I would like to make my environment better.

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‘We need all hands on deck!’ The world’s ‘to-do list’ is long and time is short, UN deputy chief tells Global Citizen Festival

“Let’s tell it like it is: Our world is in big trouble. And we are facing crisis after crisis: People are hurting – and our planet is burning. Hunger is rising – and we are getting much more unequal. War is raging – and human rights are under attack,” the Deputy Secretary-General told the crowd gathered for the tenth year in New York’s iconic Central Park.

There is hope!

“But let me also tell you this: We are not hopeless… Are we?” she asked and rallied the festival attendees by noting some of the transformative objectives than can be achieved with united action: “A world of peace is not impossible. A world free of extreme hunger is not impossible. And deepening inequalities are not impossible.”

Global Citizen Festival is an annual music event where fans take actions toward ending extreme poverty in order to earn free tickets. It brings together artists, activists, world leaders, philanthropists, corporate leaders, and more. This year’s gathering was held in dual locations – New York City, and for the first time, the Ghanaian capital, Accra.

The festival is timed to coincide with the annual high-level opening of the UN General Assembly to leverage opportunities to get policy and financial commitments from government, corporate, and philanthropic leaders to defeat poverty, demand equity, and defend the planet.

‘Will you be the change we are waiting for?’

On Saturday night, Ms. Mohammed told the enthusiastic crowd that a truly peaceful world free of poverty and hunger “is the world we promised ourselves, through the 2030 Agenda of the United Nations and the Global Goals,” referring to the 17-point action plan to end poverty, protect the planet and improve the lives and prospects of everyone, everywhere.

But she warned that time is running out – fast. “Just look at Pakistan and the tragedy of an extreme climate event. And there will be another on tomorrow,” and declared: “We have a serious ‘To-Do list’ – it’s the 17 Global Goals – and we need all your hands on deck.

Telling the Global Citizens gathered in New York that they must hold world leaders to account and demand equitable climate action, gender equality, and social justice now.  

“Your voices matter. Your actions do count. Turn your frustrations into positive change,” said Ms. Mohammed, and added: “We’re betting on you. I’m betting on you. And you can bet on the United Nations. My question to you is: Will you be the change that we are waiting for?  Will you be the change we are waiting for? “ 

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