Climate change is also expected to affect the private sector in the country. In the same report, the World Bank estimated that climate change is projected to lower productivity by 8-20% and reduce tourism revenues by 8-17% in 2050.
We need well-managed exchange rates, inflation and public debt to mobilise private capital – says president Bio thesierraleonetelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesierraleonetelegraph.com Daily Mail and Mail on Sunday newspapers.
The new Tax for SDGs Initiative was launched at a time when economies have been strained by the pandemic and countries are facing further fiscal challenges caused by the global economic uncertainty– hindering, preventing and reversing progress on the SDGs.The new Tax for SDGs Initiative helps governments leverage taxation both as a tool for revenue
Recently, the United Nations published the Financing for Sustainable Development Report 2022, highlighting the slow progress of Covid-19 recovery in developing countries due to fiscal constraints, while developed economies recovered quickly by borrowing a record amount of low-interest loans.
The UNCTAD project “South-South Integration and the SDGs: Enhancing Structural Transformation in Key Partner Countries of the Belt and Road Initiative” identifies key areas in which policy experience can be helpfully shared among developing countries. As part of this project, the UNCTAD Sustainable Development Finance Assessment (SDFA) Framework, as applied to publicly available data from beneficiary countries, provides an entry point for beneficiary countries to evaluate the policy tensions associated with debt sustainability.