More finances needed to eradicate poverty, hunger – President Ali tells UN Summit

78th Session of the United Nations General Assembly Sustainable Development Summit (Photo via DPI)

(Department of Public Information Press Release) President Dr. Mohamed Irfaan Ali has emphasised that ensuring universal freedom from poverty and hunger requires the recognition and protection of the right to development.

President Ali made the statement on Monday while addressing the 78th Session of the United Nations General Assembly Sustainable Development Summit, at United Nations headquarters in New York, USA. 

The summit, where global leaders have convened, marks the halfway point in the 2030 agenda for sustainable development and will assess the SDG progress, offer policy direction, spur action for faster implementation, and address emerging challenges since 2015.

“Guyana believes that significant progress can only be made in achieving the SDG [Sustainable Development Goals] if national efforts are matched by commitments being fulfilled, and if an international environment is created that fosters progress for all countries,”President Ali stated.

According to a recent IDB report, the gap in financing to achieve four critical SDGs for Latin America and the Caribbean requires $2.2 billion.

This includes access to water and sanitation, energy, building infrastructure that promotes sustainable industrialisation and innovation, and making our cities sustainable.

Moreover, the debt-to-GDP ratio in the Latin America and the Caribbean (LAC) region in 2022, was 117 per cent and inflation stood at 9.2 per cent.

Read more at: Department of Public Information

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