Welcome to the United NationsThis policy brief aims to provide an analysis of the adverse impacts of the pandemic on the income generation function of forests, and the current and future funding trends for forests.
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Department of Economic and Social Affairs
Economic Analysis
SDG #8: Decent work and economic growth
This Frontier Technology Issue shows how many countries are using technologies in response to the pandemic, to create decent work, improve health services and outcomes, and promote education and learning.
Financing has emerged as a key challenge in SDG implementation. Yet, a recent study found that 79 out of 107 national sustainable development plans are not costed. Integrated national financing frameworks (INFFs) can help countries to close this gap.
The drastic policy measures by the European Central Bank (ECB) over the past years, notably its asset purchase programmes, have led to fears of money flooding the economy and that this will ultimately result in run-away inflation further down the line.
As developing countries currently face the prospect
of costly debt crises with far-reaching consequences,
global action is urgently needed. The window to mitigate
the disastrous long-term consequences of COVID-19 on
poverty is closing rapidly.
The COVID-19 pandemic has created a perfect storm for public finances in developing countries by undermining economic activity and affecting both the revenue and expenditure sides of the budget.
Multilateralism and global solidarity are essential to build back better by responding to COVID-19 in a way that supports the implementation of the 2030 Agenda and SDGs, bolsters results and addresses gaps in sustainable development.
The COVID-19 pandemic has compressed global trade by magnitudes last seen during the 2008 global financial crisis. Trade has dropped sharply in developing countries, though with differences between regions.
Establishment of robust universal healthcare and social protection systems should be taken as immediate goals, and efforts should be made to build upon the emergency measures taken during the COVID-19 crisis so as to reach these goals.