UN fight against global woes faces $100-trillion shortfall

London — Global goals tackling poverty, inequality, injustice and climate change face a $100-trillion funding shortfall and are likely to be missed unless 10% of global economic output is directed to the UN targets every year to 2030, a report on Friday said.

“Humanity is at a crossroads. More than ever, all stakeholders must partner to ensure this crisis is the beginning of a new economics for sustainable development with prosperity for all,” said Chantal Line Carpentier, Chief, UN Conference on Trade and Development in the New York Office of the Secretary-General.

While more than 1.1-billion people have been lifted out of extreme poverty since 1990, failure to accelerate efforts on the SDGs risked fuelling conflict and crises, they said.

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