Finance ministers and central bank governors of the world’s 20 major economies, accounting for 66 percent of world population, have pledged to “promote an enabling global economic environment for developing countries as they pursue their sustainable development agendas”.
In this context, they are looking forward to “a successful outcome” of the U.N. Summit in New York for the adoption of the 2030 Agenda for Sustainable Development. The summit will be held from Sep. 25 to 27 in New York as a high-level plenary meeting of the General Assembly of the world body.
The G20, meeting in Turkey’s capital Ankara on Sep. 4-5, reviewed ongoing economic developments, their respective growth prospects, and recent volatility in financial markets and its underlying economic conditions. They welcomed “the strengthening economic activity in some economies” but said that global growth was falling short of their expectations.
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Tensions in the South China Sea increased last April when a Chinese coast guard ship sank a Vietnamese fishing boat near the Paracel Islands—a fiercely disputed territory in the South China Sea. Disputes over island territories in the region have endured for decades, with China, Vietnam, the Philippines, Taiwan, Indonesia, Malaysia, and Brunei all making overlapping territorial claims. The region is rich in natural resources and biodiversity, holding vast fish stocks and an estimated 11 billion barrels of oil and 190 cubic feet of natural gas.
Without a coordinated strategy to tackle flooding disasters beyond the traditional infrastructural measures and river water sharing agreements, South Asia’s woes will continue in the future.
With Argentina's ‘yes’, the Escazú Agreement is one step away from coming into force. What’s its status in each country?
As political and public narratives on COVID-19 shift towards the need to ‘build back better’, the pandemic continues to take a heavy toll for many. A new report by the Climate Security Expert Network (CSEN) shows how COVID-19 can exacerbate climate-related security risks.