It is about an alert ‘against global ecological, health, and nutritional nature threats, which are an inescapable and pressing responsibility to deal with progressive worsening of ecological conditions and quality of life on Earth,’ the text read.

Since the beginning of 2021, the UN warned about the devastating socio-economic impact caused by the Covid-19 pandemic and forecast its extension for years whether strategic investments in economy, society and climate resilience for sustainable and resilient economy recovery are not made.

The call highlighted that in 2020, global economy shrank 4.3%, about 2.5 times more than during the 2008 crisis, and that the humble 4.7% economic resuscitation expected for 2021 will barely offset losses from last year.

The UN considered that the sustained economic recovery after the pandemic will depend, not only on the scope of the stimulus measures and vaccines but also on the quality and effectiveness of measures to fight future crises. The text also recognized the world is currently facing its worst economic and health crisis in the last 90 years, and that today’s choices will determine the future, for which it advocates sustainable and inclusive investment driven by an effective multilateral system. The situation has worsened in 2021 and that is why today’s call urges all nations to take immediate and urgent actions to halt a colossal socio-economic collapse worldwide.

In this regard, UN Deputy Secretary-General Amina Mohammed said that 70 to 100 million people could be pushed into extreme poverty, 265 million would face serious food shortage by the end of this year, and an estimated 400 million would lose their jobs, with a disproportionate impact on women.

pgh/Pll/msm / crc