10
Apr
New Delhi, April 10, A new UN report says financing challenges are at the heart of the world's sustainable development crisis -- as staggering debt burdens and sky-high borrowing costs prevent developing countries from responding to the confluence of crises they face. Only a massive surge of financing, and a reform of the international financial architecture can rescue the Sustainable Development Goals (SDGs). The 2024 Financing for Sustainable Development Report: Financing for Development at a Crossroads (FSDR 2024), released on Tuesday, says urgent steps are needed to mobilise financing at scale to close the development financing gap, now estimated at…