From $330 billion to end world hunger to calls for debt relief for the world’s poorest countries

New research from the Centre for Development Research, Cornell University, the UN Food and Agricultural Organization (FAO), the International Food Policy Research Institute, and the International Institute for Sustainable Development, says ending hunger by 2030 would cost USD $330 billion.

Related: SDG 2 is ‘slipping away,’ global hunger index shows

 

The World Bank is calling for a comprehensive programme of debt relief for the world’s poorest countries in the wake of COVID-19. The Bank say low-income countries are facing an imminent debt crisis and that the amount owed by the world’s poorest countries was at already record levels before the pandemic hit.

Related: Intense’ G20 negotiations fall short on debt support expectations

 

International Monetary Fund (IMF) Managing Director Kristalina Georgieva says Africa will need USD $1.2 trillion over the next three years to recover from the economic damage and health costs of COVID-19.

Related: Campaigners urge IMF to sell gold to provide debt relief

 

International Monetary Fund (IMF) Managing Director Kristalina Georgieva says governments should continue to borrow cheaply to limit the damage from COVID-19 and address ‘rising poverty, unemployment and inequality, and to foster the economic recovery’.

Related: IMF estimates global Covid cost at $28tn in lost output

 

The World Bank’s Board of Executive Directors has approved USD $12 billion in funding to help developing countries finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens.

Related: Is World Bank fast-track COVID-19 funding reaching the most vulnerable?

 

African Leaders for Nutrition Initiative is urging African governments to ensure that financing for nutrition is included in their country’s COVID-19 response and recovery plans.

Related: World Bank’s fund for poorest countries seeks emergency funding to ‘avoid a cliff’

 

The UN says there have been 7,348 major disaster events recorded since the year 2000, claiming 1.23 million lives, affecting 4.2 billion people and causing USD $2.97 trillion in economic losses.

Related: Climate change: Better warning systems needed for extreme weather – UN

 

The members of the Net-Zero Asset Owner Alliance, a UN-backed alliance of asset owners with portfolios worth a combined USD $5 trillion, have committed to cutting the carbon emissions linked to companies they invest in by up to 29% within the next four years.

Related: Mark Carney says banks should link executive pay to Paris climate goals

 

The World Health Organisation (WHO) estimates 1.8 million people could die from tuberculosis this year, a number not seen since 2012.

Related: $100M genomic sequencing initiative launches in Africa

 

The UK and Kenya have announced they will co-host a major summit in 2021 to raise funds for the Global Partnership for Education (GPE) which is seeking to raise a USD $5 billion replenishment next year.

Related: GAFSP raises $300M at replenishment kickoff

 

Odile Renaud-Basso has become the first female president of the European Bank for Reconstruction and Development (EBRD) following a secret ballot of the bank’s governors.

 

A new report from the WWF, the Ellen MacArthur Foundation and Boston Consulting Group calls for a UN treaty on plastic pollution to address the fragmented landscape of regulation and complement existing voluntary measures.

Related: How the world’s biggest emitter could be carbon neutral by 2050