Knowledge Note

 “FSDR highlights immediate and longer-term actions needed to respond to the COVID-19 crisis.”

The global economic recession and financial turmoil from COVID-19 are derailing implementation of the Addis Ababa Action Agenda and achievement of the Sustainable Development Goals (SDGs). Even before the pandemic, the 2020 Financing for Sustainable Development Report (FSDR) of the Inter-agency Task Force noted that there was backsliding in many areas. Due to the COVID-19 crisis, global financial markets have witnessed heavy losses and intense volatility. Particularly worrisome is the prospect of a new debt crisis. The FSDR highlights both immediate and longer-term actions, including arresting the backslide, to respond to the COVID-19 crisis.

This Knowledge Note is an Overview of the UN publication, Financing for Sustainable Development Report 2020. To access the full publication, please click here . This Overview was additionally authored by the UN Inter-agency Task Force on Financing for Development (IATF) and edited by The Financing for Sustainable Development Office of the United Nations Department of Economic and Social Affairs. To read more about the UN IATC, please click here.