To achieve development goals, Asia-Pacific countries need to spend $1.5 tn/yr: UN report

Why in news?
  • A new report by a regional arm of the United Nations says that an additional annual investment of $1.5 trillion — equivalent to a dollar per person per day — would allow countries in the Asia-Pacific region to achieve the Sustainable Development Goals (SDGs) by 2030
Ambitions Beyond Growth Report 2019
  • About:
    (1) Annual report published by UN Economic and Social Commission for Asia and the Pacific (UNESCAP).
    (2) It finds that the price tag for achieving the SDGs is within reach for many countries, given their fiscal space and potential to leverage private investment.
    (3) The report says that significant savings could be achieved through greater emphasis on education quality and outcomes.
  • About UNESCAP:
    (1) The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) is the regional development arm of the United Nations for the Asia-Pacific region.
    (2) It is established in 1947 with its headquarters in Bangkok, Thailand.
    (3) Parent Organisation: UN ECOSOC.
    (4) India is a founding member of UNESCAP.
Source
Indian express.




Posted by Jawwad Kazi on 8th Apr 2019
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