The crisis in Kovida 19 is likely to have a profound and negative impact on the implementation of the Sustainable Development Agenda up to 2030 and the Paris Agreement on Climate Change. The post-crisis coordination mechanism is therefore crucial to ensure that all countries have sufficient fiscal space, as highlighted in the UN report of March 2020.
Title : Socio-economic consequences of Kovid-19 : The report proposes a global response to the pandemic, including the creation of a corporate fund equivalent to at least 10% of global GDP, debt restructuring to support countries with fragile economies and the removal of sanctions and other trade barriers, in particular regarding access to medicines and related products, sharing responsibility and solidarity at global level.
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According to the report, the cost of remittances – the lifeline for developing countries – should be reduced to zero, and the International Monetary Fund, the World Bank and other international financial institutions will play a crucial role in this respect.
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The Sustainable Development Goals (SDGs) were adopted by all UN member states as early as 2015 and aim to improve the future of countries in various areas including environment, health, gender equality, education and sustainable lifestyles by 2030. At the same time, the Paris Agreement, signed in 2016, is specifically aimed at combating climate change.
According to the report, the environmental impact of the pandemic is expected to be positive in the short term, as a sharp decline in economic activity has reduced CO2 emissions and pollution in many areas.
However, once countries have resumed economic activity, the report warns of the danger of countries being tempted to withdraw all their limited political capital and financial resources from the GDS. If this happens, the negative effects will be felt in all areas, the UN report warns.
The hard truth is we could have been better prepared for this crisis. The Millennium Development Goals and the MDGs could help us move towards a world where access to universal and high quality health care is guaranteed. Instead… Most countries are characterised by weak and fragmented health systems that do not provide universal access and are unable to respond to the Kovid-19 health crisis, according to the report.
The 2000 Millennium Development Goals, to be achieved by 2015, are a set of eight global goals aimed at reducing poverty.
Had countries better achieved the MDGs, the health crisis faced by self-developed countries such as the United States, but also developing countries in South Asia, would have been better equipped to cope with the Covida 19 pandemic.
But today, more than 50% of the world’s rural population and more than 20% of the urban population have no legal access to healthcare and 2.2 billion people have no access to water, leaving people without the most basic and effective means to prevent the Covida 19 virus – frequent hand-washing, according to the report.
The UN report, which calls for a concerted global effort to tackle the crisis, makes a number of proposals to prevent an imminent humanitarian crisis following the outbreak of the pandemic.
It is now time to break down trade barriers, keep trade open and rebuild the supply chain. Tariff and non-tariff measures and export bans, in particular on medicines and related products, will slow down countries’ efforts to contain the virus. Import taxes or restrictions on the supply of medical products should be abolished, he said.
Sanctions imposed on countries should be lifted to ensure access to food, basic needs and access to Kovid 19 tests and medical care. It is time for solidarity, not exclusion, says the UN report.