Guterres urges G20 to lead the way in financial and climate justice

(United Nations News) At a time when people are hurting and the planet is burning, the world’s advanced economies can take the lead in ensuring financial, structural and climate justice, the UN Secretary-General said in remarks to the virtual G20 Summit convened by India on Wednesday. 

António Guterres said the world, particularly developing countries, is facing “a perfect storm”, with growing inequalities, climate chaos, conflicts and hunger. Meanwhile, fiscal space is tightening for many, with crushing debt burdens and skyrocketing prices.

“This is a recipe for global instability and suffering,” he said, speaking from Santiago, Chile.

The UN chief called for G20 members to help lead the way in financial justice and commended their support for his $500 billion annual stimulus plan to accelerate achievement of the Sustainable Development Goals (SDGs).

Mr. Guterres said he will establish a Leaders Group to monitor the implementation of the SDG Stimulus to enable $500 billion in additional long-term development finance. 

Read more at: United Nations News

Source: CARICOM TODAY