Connecting capital to communities: A call to action
IN 2015, the United Nations Conference on Trade and Development (Unctad) estimated the global financing gap for developing countries to meet Sustainable Development Goal (SDG) relevant sectors by 2030 was $2.5 trillion per year. SDG relevant sectors include food, water, power and telecom, among the most basic human needs. This financing gap has increased by 40 percent during the pandemic to $3.5 trillion per year, according to the Asian Development Bank. Today, the gap continues to widen. According to a recent study by the Organization for Economic Cooperation and Development, the gap to reach...
Source: manilatimes.net