In only a few months, development financing has come under unprecedented stress, as the world experiences one of the most rapid and damaging pandemics in human history. The socio-economic impacts of COVID-19 emphasise that the pandemic is not only a health crisis, but a human one that threatens to reverse decades of progress in the fight against poverty and exacerbate high levels of inequality within and between countries.
This is why responses to this pandemic have to not only mitigate the immediate threat to all citizens’ health and livelihoods but also make investments in ways that strengthen global resilience, prosperity and sustainability.
This report aims to support United Nations Country Teams, UN Member States and their partners to effectively use financial resources to respond to the immediate impact of the pandemic, while safeguarding progress already made towards the 2030 Agenda for Sustainable Development.