Let the rich countries' chequebooks come out to deal with development crises - Oxford academic

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Rich countries have directed less than $100 billion to development, while having found $17 trillion to support themselves through the Covid-19 crisis.
Rich countries have directed less than $100 billion to development, while having found $17 trillion to support themselves through the Covid-19 crisis.
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When the United Nations' (UN) 76th general assembly comes to a new resolution for the way forward in dealing with crises such as climate change and the Covid-19 pandemic, rich nations will have to pull out their "chequebooks," too, according to an academic.

South African-born Oxford University professor of globalisation and development, Ian Goldin, on Wednesday delivered a keynote address at the International Summit on Sustainable Development Goals (SDGs) in Africa. The three-day event was hosted virtually by the University of Cape Town this week. Goldin shared views on the challenges to development globally - being Covid-19 and the climate crisis and the need for a new green deal for development.

Goldin noted that the world is at a critical point in terms of human development - with the Covid-19 pandemic derailing efforts to achieve the SDGs by at least ten years.

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