UN deputy chief says financing sustainable development needed now more than ever

GENEVA: While speaking at the Building Bridges Summit for Sustainable Finance in Geneva, Amina Mohammed, Deputy Secretary General, United Nations, said that securing finance for projects ensuring sustainable development is needed now more than ever, especially because of a widening gap of trust between the haves and the have-nots.

She added that governments, private sector players, civil society and international organisations will have to come together to define a common investment framework to improve the lives of everyone everywhere. She said, “We need more ambition, more action, more scale, greater urgency in delivering the 2030 Agenda and the Paris Agreement – and we certainly need more fuel, more financial resources and more investments.” She went on to laud the Agenda 2030 in acting as a linguistic bridge between communities and setting a common global development agenda. However, much needs to be done in order to overcome the mismatch of metrics and languages between diplomacy and business; public and private actors.