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UNDP Development Chief Calls for Action on Debt, Climate, & Inequality As Developing Countries Face Volatile Global Outlook

Increased financing and bold leadership are needed urgently to tackle climate change, rising inequality, and surging debt, as increased risks and vulnerabilities threaten economic growth globally, said United Nations Development Programme (UNDP) Administrator Achim Steiner at the World Bank and International Monetary Fund (IMF) spring meetings today. “We still have a global financial and economic system that is not responding to the needs for the scale and type of finance that is required for sustainable development,” he said in his statement on behalf of the United Nations, to the 99th Meeting of the Development Committee. [...]