The COVID-19 pandemic has presented additional financing challenges, especially as Governments expand social protection systems and re-prioritize spending on health and education. Thus, financing for development policies becomes key means of implementation of the COVID-19 recovery, and of an SDG-centric build-forward agenda.
In this context, ESCWA held on the sidelines of the AFSD-2021 a session on “Financing for Development: what is possible and necessary in the Arab region to achieve the 2030 Agenda” to propose concrete financing solutions and discuss regional policy options to facilitate recovery from COVID-19.
Participants called for adopting a regional roadmap for combating illicit financial flows, tax evasion and financial corruption, and bridging the financing gaps for the SDGs, increasing financial revenues and redirecting expenditures in the recovery phase.
News
6 Apr 2021
Financing for development and COVID-19
