Bijgewerkt: Woensdag, april 25 2018

Kortzichtige investeringen vormen een bedreiging voor de voortgang van de ontwikkeling van honderden miljoenen mensen - rapport van de VN

Inhoud door: UN News Centre

“The world has the resources to deliver, but they are not allocated where they are needed most,” said Secretaris-generaal António Guterres in the foreword to the 2018 report, Financiering voor ontwikkeling: vooruitgang en vooruitzichten.

The report cites ‘short-termism’ ­– an excessive focus on projects that will yield quick profit at the expense of long-term interests like infrastructure improvement and job training – as among the major funding challenges to implementing the 2030 Agenda over duurzame ontwikkeling.

The UN chief warned: “The choices we make now on financing will be pivotal.”

The prospects of some 800 million of the world’s poorest remain dire, as the annual progress report on how to finance the Sustainable Development Goals (SDGs) revealed that the current system rewards investors, financiers and project managers that prioritize short-term profits – correlating to policy makers’ excessive focus on short-term considerations.

The results are shelved infrastructure projects in favour of short term priorities that leave small businesses and women excluded from the financial system.

“The good economic news in some regions masks the very real risk that the poorest will be left behind,” zei Liu Zhenmin, Under-Secretary-General for the UN Department of Economic and Social Affairs.

“There is ­no room for complacency,” he added.

According to the report, an increasing interest in socially responsible investing is no substitute for a broader transformation in the financial system.

Pension funds, insurance companies and other institutional investors hold around $80 trillion in assets. But the majority of their resources are invested in liquid assets, such as listed equities and bonds in developed countries. 

Investment in infrastructure still represents less than three per cent of pension fund assets, with investment in sustainable infrastructure in developing countries even lower.

Het ontbreken van een lange beleggingshorizon betekent ook dat belangrijke risico's, zoals die van klimaatverandering, niet worden meegenomen in de besluitvorming.

“If we don’t invest in infrastructure projects like bridges, roads and sewage systems, if the poorest and women are cut off from access to credit and other financial services, we have little prospect of achieving our global goals,” stressed Mr. Liu.

Overcoming the short-term outlook

The report maintains that the solution to the issue lies in a multifaceted approach, which includes changing payment practices and becoming more transparent.

"We moeten verder reiken dan de snelle oplossing als we een wereld willen creëren die ons allemaal kan ondersteunen," zei Navid Hanif, directeur van de afdeling Financing for Sustainable Development. "Politiek leiderschap en openbaar beleid zijn onmisbaar."

The report emphasized that in donor countries, political leaders must do more to meet their commitment to provide financial assistance to the world’s most vulnerable countries.

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