Member States

Elements Paper For The Outcome Document Of The Fourth International Conference On Financing for Development1

Elements Paper For The Outcome Document Of The Fourth International Conference On Financing for Development1

Efforts have not been sufficient. The current international financial architecture falls short in mobilising the long-term financing necessary to address multiple challenges. New and emerging issues require innovative financing solutions and reforms. Initiatives and efforts at the United Nations, international financial institutions and by Member States to scale up financing for development and reform the international financial architecture have generated momentum. Ambition must now be matched with concrete commitments and actions.

United Nation Final Multidimensional Vulnerability Index Report

United Nation Final Multidimensional Vulnerability Index Report

The international community has now acknowledged vulnerability as a severe obstacle to development due to the damage caused by exogenous shocks and stressors to which countries are increasingly being exposed. These shocks span diverse domains, such as terms of trade fluctuations, natural disasters, supply disruptions, conflicts, civil unrest, and unprecedented shocks such as the COVID-19 pandemic. It is evident that low national income, often measured by Gross National Income per capita (GNI pc), is a weak measure of development, material welfare, or well-being.