Let’s start with a little bit of recent history. Innovative financing for the UN goes back to the International Conference on Financing for Development in 2002. The hope was that innovative financing would help to bridge the gap between what was available and what was needed to reach the Millennium Development Goals (MDGs) by 2015.
Over the past 20 years, the world has seen unprecedented progress of human development, as nearly 1.1 billion people have moved out of extreme poverty. But unfinished business remains. Today, roughly 800 million people still live in extreme poverty and inequalities are growing.
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