As per UN DESA's FSDR 2024, to overcome or close the development financing gap in Sustainable Development Goals (SDGs), now estimated at 4.2 trillion U.S dollars annually.

International

UN DESA released the 9th edition of Financing for Sustainable Development Report: 'Financing for Development at a Crossroads (FSDR 2024)'. As per it, to overcome or close the development financing gap, now estimated at 4.2 trillion U.S dollars annually, up from 2.5 trillion dollars before the COVID-19 pandemic. Meanwhile, rising geopolitical tensions, climate disasters and a global cost-of-living crisis have hit billions of people, battering progress on healthcare, education, and other development targets. It's projected that debt service in the least developed nations will reach an annual sum of 40 billion dollars from 2023 to 2025, marking an increase of over 50 percent from the 26 billion dollars recorded in 2022. Additionally, corporate income tax rates have been on a decline, with the global average plummeting from 28.2 percent in 2000 to 21.1 percent in 2023, attributed to the impacts of globalization and competitive tax practices.


     

     

     

 

     


United Nations Department of Economic and Social Affairs (UN DESA)

Founded- 1948
HQ- New York, U.S
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