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Viewpoint: Blended finance and impact

By Jorge Moreira da Silva 2021-01-11T16:42:00+00:00 Delivering the 2030 Agenda in the COVID-19 era and beyond After 2020 started with a “call to action” to deliver the SDGs in the remaining decade, the COVID-19 crisis reversed hard-earned progress and is estimated to increase the SDG financing gap in developing countries by $1.7trn, from $2.5trn to $4.2trn [1]. Public investment budgets, even when combined with Official Development Assistance (ODA) inflows, cannot fill the gap alone. Achieving the 2030 Agenda demands aligning an additional, sizeable share of international private flows with the SDGs. However, this will only be possible if public and private actors work together to increase attractive opportunities. Blended finance can help. The OECD defines blended finance as the strategic use of development finance for the mobilisation of additional (commercial) finance towards sustainable development in developing countries [2].

WTO members commend India for improving trade policies in inclusive manner

World Trade Organization s (WTO) members commended steps taken by India to improve trade and economic policies in a more inclusive and sustainable manner during India s seventh Trade Policy Review (TPR) which began at WTO s headquarters in Geneva, Switzerland. In his opening statement to the WTO membership on the occasion Commerce Secretary Dr Anup Wadhawan emphasised that this TPR is taking place at a time when the world is witnessing unprecedented health and economic crisis, and highlighted the far-reaching efforts made by India to effectively address the health and economic challenges posed by the COVID-19 pandemic, including the Atmanirbhar Bharat initiative, sources added.

WTO members commend India for improving trade, economic policies in inclusive, sustainable manner

Geneva [Switzerland], January 7 (ANI): World Trade Organizations (WTO) members commended steps taken by India to improve trade and economic policies in a more inclusive and sustainable manner during Indias seventh Trade Policy Review (TPR) which began at WTOs headquarters in Geneva, Switzerland.

Biden administration signals commitment to Paris climate deal

Biden administration signals commitment to Paris climate deal Jan 2, 2021 author A coal-fired power-plant is seen along the Ohio River in Moundsville, W.Va., in this 2017 file photo. A preelection poll finds that a large majority of Catholic voters have some concern about climate change. (Credit: Brian Snyder/Reuters via CNS.) Joe Biden’s promise to return the United States to the Paris Climate Agreement will hopefully lead “a new level of diplomatic engagement and additional climate finance resources.” YAOUNDÉ, Cameroon – Joe Biden’s promise to return the United States to the Paris Climate Agreement will hopefully lead “a new level of diplomatic engagement and additional climate finance resources.”

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