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By External Source
Apr 15 2022 (IPS)

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A family evacuated from Irpin, Kyiv region, Ukraine. Credit: UNICEF/Julia Kochetova

By Oli Henman and Lysa John
LONDON / JOHANNESBURG, Apr 15 2022 (IPS)

Russia’s war in Ukraine has left many communities facing catastrophe. In a world already wracked by multiple crises such as searing inequality and escalating climate change, this conflict is tearing through communities.

Millions of people are directly affected. They face fragile circumstances, with immeasurable sadness caused by the death of loved ones, loss of livelihoods, displacement, destruction of homes, interruption of education, and more.

The conflict has also placed huge new burdens on the multilateral system, putting a further break on progress towards the achievement of the Sustainable Development Goals that has already been set back by the negative impacts of the COVID-19 pandemic.

Civil society representatives from both Ukraine and Russia have expressed their deep concerns about the needless suffering caused by the war. In Ukraine, they are responding to the situation in vital ways, from documenting war crimes and gathering information about missing persons to urging international institutions to live up to their responsibilities on peace and accountability.

In Russia, civil society has exposed media restrictions that have helped create a disinformation nightmare while protesting against the injustice of war.

The impacts of this conflict are being felt far beyond the war zones. Disruptions in international commerce are feeding inflation and food insecurity around the world disproportionately impacting the impoverished and excluded.

In this scenario, civil society groups across all continents have come together to support a five-point call for action issued by the Action for Sustainable Development coalition.

The message to the international community is simple:

1. Stop the war

We call for an immediate end to the war in Ukraine, a ceasefire and a withdrawal of Russian forces, and the phased removal of all sanctions according to an agreed timeline. The devastation of many cities and the killing of innocent civilians and civilian infrastructure cannot be justified.

Furthermore, it is unacceptable and insufficient that so far only a handful of men – and visibly no women – appear to have been involved in the peace negotiations.

We call for the peace negotiations to include civil society and representatives of those who are directly affected, especially from Ukraine and Russia, and particularly women.

2. Respect international human rights

We stand in solidarity with the people of Ukraine. The rights of civilians must be respected. After more than a month of conflict, the humanitarian impacts are leading to massive displacement of people, loss of lives and livelihoods. We are very concerned that this grave violation of international law will have an extremely adverse impact on security and democracy in Europe and the world.

We also call for human rights to be respected in Russia. Many Russian people have stood up to condemn violence and their voices must be heard. Peaceful protest must be recognised as a legitimate form of expression.

We call for human rights to be fully respected in Ukraine and Russia, including international humanitarian rights and civic freedoms.

3. Stop militarism and aggression around the world

The rise in militarism and conflict is not limited to Russia. It is part of a growing catalogue of armed conflict. Violence in all its forms – authoritarianism, corruption and indiscriminate repression – affects the lives of millions of people around the globe and violates the human rights of people young and old in countries including: Afghanistan, Brazil, Central African Republic, Colombia, El Salvador, Ethiopia, Guatemala, Myanmar, Nicaragua, Palestine, South Sudan, Syria and Yemen, to name just a few.

These conflicts often affect communities already living with fragile infrastructure and the devastating impacts of climate change. All conflicts must be treated with the same level of concern. The lives of everyone affected by conflict are of equal value.

We call for the same level of support to end conflicts and ensure financial support for displaced peoples and refugees from all conflicts.

4. Shift military funds to a just and sustainable future

The war in Ukraine has already had a devastating impact on the world economy, especially on global south countries. There are likely to be major disruptions and significant increases in the costs of energy and production, and increased food costs. At the same time budgets are being redirected towards military spending.

The militarism of Russia is fuelled by fossil fuels and it is therefore critical to halt investment in fossil fuels and shift immediately to renewable forms of energy. It is crucially important that we reduce oil and gas consumption and rapidly scale up investments in renewables in order to combat the climate crisis, and that we do so immediately.

We call for a specific commitment at the UN to reduce spending on military conflicts and to reinvest this spending on social protection and clean energy.

5. Establish a global peace fund

We call on member states to remember the founding vision of the UN and its Security Council, to deliver on the main reason it was created: to avoid any kind of war and the suffering of humankind.

The 2030 Agenda sets out a path towards a peaceful, just, sustainable and prosperous world. much more ambitious steps and actions must be undertaken to ensure that its targets and goals are met.

We call on member states to establish a global peace fund to strengthen the role of international mediators and peacekeepers. The UN must act!

The international community cannot be a bystander in Ukraine or any other conflict. We all have a responsibility to defend universal human rights and humanitarian principles by acting against cruelty and injustice wherever it may be.

Link to full statement here:
https://action4sd.org/2022/04/04/statement-of-solidarity-with-civilian-populations-and-a-call-for-a-negotiated-end-to-the-war-in-ukraine/

Oli Henman is the Global Coordinator the Action for Sustainable Development coalition in London. Lysa John is the Secretary General of the global civil society alliance, CIVICUS in Johannesburg.

IPS UN Bureau

 

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Workmen at Dar Es Salaam harbour loading bags of wheat on a truck, in Tanzania. Global food prices have reached “a new all-time high,” the head of the Food and Agriculture Organization Qu Dongyu said, “hitting the poorest the hardest.” 8 April 2022. Credit: FAO/Giuseppe Bizzarri

By Thalif Deen
UNITED NATIONS, Apr 15 2022 (IPS)

The unprecedented flow of arms to Ukraine, and the rising miliary spending by European nations to strengthen their defenses, are threatening to undermine development aid to the world’s poorer nations.

Yoke Ling, Executive Director of Third World Network told IPS the escalating military spending will definitely have a direct impact on a range of spending that the North has committed to developing countries — from official development assistance (ODA) to climate finance, “that is a legal obligation under the climate treaties”.

Even before the Russian-Ukraine war, she pointed out, the North has been reducing development financing. “So, we expect the regression to worsen,” she added.

A UN report, titled 2022 Financing for Sustainable Development Report: Bridging the Finance Divide released April 12, says record growth of Official Development Assistance, increased to its highest level ever in 2020, rising to $161.2 billion.

“Yet, 13 countries cut ODA, and the sum remains insufficient for the vast needs of developing countries”.

The UN also fears “the fallout from the crisis in Ukraine, with increased spending on refugees in Europe, may mean cuts to the aid provided to the poorest countries”.

In the face of a global crisis, near-time actions and additional international support are needed to prevent debt crises and address the high cost of borrowing, the report warns.

“However, the vast majority of developing countries will need active and urgent support to get back on track to achieve the Sustainable Development Goals” (SDGs).

The report estimates that in the poorest countries a 20 per cent increase in spending will be required for key sectors.

A New York Times report on March 29, said across Europe and Britain, Russia’s invasion of Ukraine is reshaping spending priorities and forcing governments to prepare for threats thought to have been long buried — from a flood of European refugees to the possible use of chemical, biological and even nuclear weapons by a Russian leader who may feel backed into a corner.

“The result is a sudden reshuffling of budgets as military spending, essentials like agriculture and energy, and humanitarian assistance are shoved to the front of the line, with other pressing needs like education and social services likely to be downgraded,” said the Times.

Frederic Mousseau, Policy Director at the Oakland Institute, told IPS “whereas combination of droughts and conflicts result in massive human suffering and hunger in a number of countries, UN humanitarian appeals for these acute crises are chronically underfunded.”

Last year, he pointed out, only 45% of the UN appeal for Yemen and the Horn of Africa was funded, only 29% for Syria. With such shortfalls amidst the war on Ukraine, it is critical that all donor countries ensure their solidarity and support is focused on all victims.

Increase in military budgets in Europe will automatically result in more sales for the major Western arm exporters, i.e. USA, France and Germany.

The industrial military complex yields increased economic returns for these countries, and fuels conflicts across the world. In 2021, the second largest humanitarian aid requirement was for Yemen, whereas Saudi Arabia, waging war on this country, is the first importer of weapons from Western countries.

It is to be seen, he said, how actual aid budgets will be affected by the war in Ukraine.

“But regardless of what happens in Europe, a major issue that undermines our ability to promote peace and stability in the world -and reduce the need for international assistance, is the US military budget that continues to increase under the Biden administration to reach an all-time record of $813 billion this year”.

This is more spending than the next eleven countries combined, Mousseau pointed out.

“The USA is not just the highest military budget in the world, it is also the largest arm exporter and coincidently the largest aid donor. US international aid, however, represents just 4% of the US military spending. Priorities have to change drastically to meet the humanitarian and environmental challenges of the world’, he declared.

Vitalice Meja, Executive Director, Reality of Aid Africa, told IPS: “We support the humanitarian efforts going towards the Ukrainian people and remain in solidarity with them. We, however, believe that donors must still meet their other obligations on other global wars of poverty, and climate crisis on humanity.”

It is important especially for Africa that ODA remains focused on catalyzing development and tackle the ravaging climate change crisis and the rising inequalities, she said.

“Donors must allocate additional resources towards Ukraine and not simply by militarizing aid or shifting budget items and priorities from other global development challenges in response the War in Ukraine”.

It is key that donors, at the same time without shifting resources, should focus on building and strengthening Africa’s resilience in these times of harsh climate change and mass crop failure.

“They must secure sustainable climate finance and development resources to address the rising cases of inequality, extreme hunger and poverty in this part of the work.”

This is our war and it remains important and relevant. It must be aggressively be fought and won as well, Meja declared.

Jennifer del Rosario-Malonzo, Executive Director, IBON International, told IPS: “We stand in solidarity with the peoples of Ukraine who are bearing the losses from the war. People’s rights and needs—in Ukraine, in Asia, and the rest of the global South—should be a priority over military spending”.

If some developed countries are lavish with their arms spending and military budgets today, while their “humanitarian” response involves cutting from other aid programs, are they saying that security interests come before long-term, public needs? She asked.

Outside the Ukraine war, developed countries have already broken their promise of providing USD100 billion of climate finance by 2020.

Sacrificing development aid budgets and climate finance will deepen poverty, inequalities, adverse climate impacts, and exclusion felt in the global South. Lack of ambition here risks reinforcing the economic and political grievances at the root of armed conflicts in Asia and elsewhere.

Solidarity and justice today call for ambition. We challenge developed countries to fulfill their existing aid commitments (minimum of 0.7% of GNI as ODA), together with providing new funding for people’s needs in Ukraine. We call for new and additional grants-based climate finance to indemnify the most affected peoples and communities suffering from losses and damages due to climate change.

Meanwhile, the UN report on Financing for Sustainable Development also points out that while rich countries were able to support their pandemic recovery with record sums borrowed at ultra-low interest rates, the poorest countries spent billions servicing debt, preventing them from investing in sustainable development.

“The pandemic shock plunged 77 million more people into extreme poverty in 2021, and by the end of the year many economies remained below pre-2019 levels”.

The report estimates that in 1 in 5 developing countries’ GDP per capita would not return to 2019 levels by the end of 2023, even before absorbing the impacts of the Ukraine war.

“As we are coming up to the halfway point of financing the world’s Sustainable Development Goals, the findings are alarming,” UN Deputy Secretary-General Amina Mohammed said.

“There is no excuse for inaction at this defining moment of collective responsibility, to ensure hundreds of millions of people are lifted out of hunger and poverty. We must invest in access for decent and green jobs, social protection, healthcare and education leaving no one behind,“ she warned.

IPS UN Bureau Report

 

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Yasmine Sherif, Director of Education Cannot Wait, at the “Blue Dot” established by UNICEF, UNHCR and partners in Chișinău. "Blue Dot" support centers offer protection, temporary shelter, food and psychosocial support to meet the urgent needs of families fleeing Ukraine. Credit: ECW

By Joyce Chimbi
Nairobi, Apr 14 2022 (IPS)

A brutal war now engulfs the young lives of an estimated 7.5 million children in Ukraine. Caught in the crossfire of bullets and missiles as the conflict escalates, children and young people have been plunged into a humanitarian crisis.

With their lives turned upside down, affected children are lost, traumatized, and among millions fleeing their homes into neighboring countries, including the Republic of Moldova, in search of safety, protection, and assistance.

Having seen the effects of the ongoing crisis firsthand, Yasmine Sherif, Director of Education Cannot Wait (ECW), tells IPS that affected children and their mothers arrive in Moldova visibly traumatized and need immediate psychosocial support.

“As a result of the conflict in Ukraine, across the region, there are more than 5 million refugees who have fled Ukraine and an additional 7.1 million people internally displaced. An estimated 400,000 people have passed through Moldova in search of safety thus far,” she says.

Students attending class at a local school in Ungheni, Moldova. The school hosts Ukraine refugee children who attend class with Moldovan pupils.
Credit: ECW

Sherif paints a picture of a country unprepared for the refugee crisis – despite its welcoming spirit and an open-door policy for refugees.

“Moldova is the poorest country in Europe with significant capacity gaps and is struggling to accommodate an inflow of refugees. Today, Moldova hosts at least 100,000 refugees, including 50,000 refugee girls and boys, of whom only 1,800 are currently enrolled in school.”

Sherif confirms that Moldova is registering the children as quickly as possible to attend school and that public schools are open to refugees. Still, she says there are pressing issues facing affected Ukrainian refugee children and that, as of now, Moldova is ill-equipped to address their educational needs.

Sherif says that the capacity was stretched in Moldova, and many parts of the education system needed development even before the refugee crisis.

With 50,000 children in the country needing to be enrolled, she says, the capacity is “now stretching beyond what was expected. Moldova was not ready for this crisis.”

ECW and its strategic partners US Agency for International Development (USAID),  Foreign, Commonwealth & Development Office/UK (FCDO/UK), and Theirworld were looking at the capacity gap, including “urgent mental health and psychosocial services.”

Children in Moldova are taught in Romania, a Latin-derived language, while children in Ukraine speak Russia, a Slavic language – leading to language barriers. This requires additional teachers who can teach in Russia and are trained to handle children in crisis. For refugee children in the rural part of Moldova, access to safe water and sanitation is another pressing need.

Sherif spoke in the backdrop of a high-level mission to Moldova with its strategic partners in a coordinated and joint-up response in Moldova.

ECW has thus far contributed 6.5 million US dollars to support education in emergencies response to the Ukraine refugee crisis.

In March, the organization announced that it had made a grant of 5 million US dollars available for Ukraine’s First Emergency Response.

On April 13, ECW announced a new, initial US$1.5 million allocation to support the education in emergencies response, to be delivered in partnership with the Government of Moldova, to ensure refugee children and youth can access safe and protective learning opportunities.

During the high-level mission, USAID also announced an additional 18 million US dollar contribution to the ECW global trust fund to support ECW education responses in crisis-impacted countries across the globe. After Germany and the UK, this contribution makes the USA the third-largest donor to ECW – the UN global fund for education in emergencies and protracted crises.

With an estimated $30 million funding gap for the emergency education response in Ukraine, ECW has escalated advocacy efforts, calling for donors and other strategic partners to help close the gap.

ECW Mission to Moldova delegation: ECW Director Yasmine Sherif and partners from USAID, FCDO/UK, Theirworld, World Vision, UNICEF and UNHCR at the steps of the UN House in Moldova.
Credit: ECW

UNHCR Representative to Moldova, Francesca Bonelli, says education is key to refugees living with dignity and “is one of the first services requested. We greatly appreciate the support of the Moldovan authorities, teachers, and communities in welcoming refugee learners.”

Theirworld President, Justin van Fleet, says the organization will announce additional funding. Theirworld is a global innovative children’s charity committed to ending the global education crisis and unleashing the potential of the next generation.

The funds, he says, will support refugee education projects in the coming weeks, harnessing the charity’s experiences from other emergencies and campaigning to ensure donors invest 10% of the humanitarian response funding into education.

“COVID-19 school closures have taught us that learning loss amounts to more than days missed in school,” says UNICEF Representative to Moldova Maha Damaj. “In Moldova, UNICEF is working with partners to help refugee children coming from Ukraine reclaim their learning experience in a safe and supportive environment, nurturing their resilience against the traumas of war.”

“As a leading donor to Education Cannot Wait, the UK is committed to protecting the right of all children to education, including those affected by the crisis.  We stand ready to support a coordinated education response for refugee children from Ukraine. Education must be prioritized as an integral part of the ongoing humanitarian response in Ukraine,” says Alicia Herbert, Director of Education, Gender and Equality and Gender Envoy, FCDO.

Whether contributed resources will meet the most pressing needs of affected Ukrainian children in Moldova, Sherif says it all depends on how long it takes to resolve the ongoing conflict in Ukraine.

“More than 400,000 refugees have passed through Moldova. Should hostilities escalate further and new towns such as Odesa are captured, the second wave of refugees will be coming to Moldova and elsewhere,” Sherif says.

“Moldova is currently unprepared for a refugee crisis of this magnitude, and more funding will be required to meet the ongoing capacity gap. I appeal to governments and the private sector not to rest because there can be no peace until everyone has peace.”

IPS UN Bureau Report

 

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By Raghbendra Jha
CANBERRA, Australia, Apr 14 2022 (IPS)

The World Bank lists Fiji, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru, Palau, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu as Pacific Small Islands Developing States (PSIDS). . Some listings also include the Cook Islands, Niue and Tokelau. In September 2019, these countries had a combined population of 2.3 million spread over hundreds of islands spread over an area roughly equivalent to 15% of the surface area of the earth. Of these, the most populated country – Fiji – has a population of 900,000. The World Bank’s World Development Indicators reveal that annual per capita GDP of these islands fell from $4,340 in 2018 to $3,768 in 2020. It has probably fallen further during the pandemic.

Raghbendra Jha

Concurrently, the poverty head count ratio in these countries has been persistently high and has probably increased during the pandemic. The PSIDS face deep-rooted structural reasons why, unlike many developing countries in the world, they might not be able to grow rapidly and reduce poverty quickly. These reasons include the small size of their economies, their remoteness, inadequate access to large markets and skilled labour force and their vulnerability to external shocks.

Almost all the PSIDS have been subjected to extreme weather shocks including hurricanes and other climate change related disasters, apart from earthquakes, volcanic eruption and the like. The PSIDS face a disproportionately large number of external shocks. It has been estimated that the cost of climate-induced disasters can be as high as 30% of GDP.[2] In some cases threats of climate change can be existential. For instance, climate change is particularly threatening for the long-term habitability of the island state of Tuvalu. This is because the average height of the islands is less than 2 metres above sea level, with the highest point of Niulakita being about 4.6 metres above sea level. Indeed the PSIDS have been classified as among the most vulnerable to risk areas in the world.

When risk and vulnerability are so high, it is natural to turn to insurance as an antidote. However, just as there are strong structural reasons why economic growth and poverty reduction cannot accelerate rapidly in the PSIDS there are compelling structural reasons why insurance cannot be widely used in the PSIDS. Most citizens of the PSIDS are part of the informal economy.

The incidence of informality of economic activity is around 60 to 85% in Melanesia and Micronesia countries and is increasing in Polynesian countries.[3] More than half the workers are in the informal sector. A majority of these are women and/or have low levels of education. Therefore, it would be difficult for them to negotiate complex insurance contracts. Further, most climate insurance disasters are quite debilitating so that there the longer the delay in executing the insurance obligations the higher is the loss to the individuals. This would lead to dis-saving on the part of individual to meet their consumption needs. This would then reduce the resources available for investment and growth. Therefore, even a single climate disaster can have effects well beyond its immediate effect on humans and property.

A measure to complement individual insurance is aggregation of risks with the insurance being taken out by higher level entities. For instance, a tripartite partnership among insurers, aid agencies and the government can be created so that a country-specific risk pool can be created. This requires that the payout triggers be well defined.

There are clear advantages to making comprehensive housing insurance to be made compulsory for all income groups. Policyholders could also be encouraged to aggregate risks through cooperatives, credit unions and the like. Finally, the insurance policy can be held by the government or other national or international agencies. Payouts can be used to accommodate government services and maintain post-disaster programs.

If these provisions were accepted, then it would follow that quite a bit of the premium for insurance would have to be paid for by international aid. Multilateral aid would be preferred to bilateral aid as many of the insuring agencies could well be located in donor countries creating complex problems of moral hazard. In contrast, the use of multilateral aid would be more hands off.[4]

The case for providing insurance rapidly remains strong. Keeping this in mind, the UNDP has designed a climate risk insurance product for six PSIDS.[5] However, much remains to be done. Clearly any long-term meaningful insurance policy should not be viewed in isolation but should be embedded in a broader policy of providing climate change relief for PSIDS.

Raghbendra Jha [1] is Professor of Economics and Executive Director, Australia South Asia Research Centre, Australian National University

[1] This article draws on my article co-authored with D. Jain, A. Chida, R.D. Pathak and S. Russell “Climate risk insurance in Pacific Small Island Developing States: Possibilities, challenges and vulnerabilities – a comprehensive review”. See https://link.springer.com/article/10.1007/s11027-022-10002-z

[2] See https://www.cgdev.org/publication/are-pacific-islands-insurable-challenges-opportunities-disaster-risk-finance

[3] See https://info.undp.org/docs/pdc/Documents/PSC/PC%20%20Prodoc%20Final%2017%20Dec%20(signed%20copy).pdf

[4] This further supports the general case for an increase in multilateral aid. See https://onlinelibrary.wiley.com/doi/10.1111/j.1467-9701.2004.00596.x

[5] https://www.preventionweb.net/news/new-insurance-product-aid-fight-against-climate-change-pacific

Credit: United Nations

By Antonio Guterres
UNITED NATIONS, Apr 14 2022 (IPS)

Now, since the Russian Federation’s invasion of Ukraine, the world’s attention has been focused on the war’s terrifying levels of death, destruction and suffering.

From the start, the United Nations has been actively engaged in delivering humanitarian support to the people in Ukraine, the people who are paying the highest price, and to the host countries of the fastest-growing refugee crisis in Europe since the Second World War.

But less attention has been paid to the global impact of the war in all its dimensions in a world that was already witnessing increased poverty, hunger and social unrest.

The war is supercharging a three-dimensional crisis — food, energy and finance — that is pummeling some of the world’s most vulnerable people, countries and economies.

And all this comes at a time when developing countries are already struggling with a slate of challenges not of their making — the COVID-19 pandemic, climate change and a lack of access to adequate resources to finance the recovery in the context of persistent and growing inequalities.

We are now facing a perfect storm that threatens to devastate the economies of many developing countries.

That is why, in the earliest days of this war, I established the Global Crisis Response Group on Food, Energy and Finance, facilitated by a Task Team in the UN Secretariat, reporting to a Steering Committee involving all UN agencies and international financial institutions.

Today, we are launching the Task Team’s first Report.

I am joined by the Secretary-General of UNCTAD, Rebeca Grynspan, who coordinates the Task Team, and by the Deputy Secretary-General, who presides over the Steering Committee.

Ms. Grynspan will go through the recommendations.

But I want to highlight two overarching points made crystal clear in this report.

First, the impact of the war is global and systemic.

As many as 1.7 billion people — one-third of whom are already living in poverty — are now highly exposed to disruptions in food, energy and finance systems that are triggering increases in poverty and hunger.

Thirty-six countries count on Russia and Ukraine for more than half of their wheat imports — including some of the poorest and most vulnerable countries of the world.

Prices were already on the rise — but the war has made a bad situation far worse.

Wheat and maize prices have been very volatile since the war began but are still 30 per cent higher just since the start of the year.

At the same time, Russia is a top energy supplier.

Oil prices are up more than 60 per cent over the past year, accelerating the prevailing trends.

The same goes for natural gas prices, which have risen by 50 per cent in recent months.

And fertilizer prices have more than doubled.

As prices climb, so does hunger and malnutrition — especially for young children.

Inflation is rising, purchasing power is eroding, growth prospects are shrinking, and development is being stalled and, in some cases, gains are receding.

Many developing economies are drowning in debt, with bond yields already on the rise since last September, leading now to increased risk premiums and exchange rate pressures.

This is setting in motion a potential vicious circle of inflation and stagnation – the so-called stagflation.

The report also shows that there is a direct correlation between rising food prices and social and political instability.

Our world cannot afford this. We need to act now.

And that leads to the second point clearly demonstrated by this report: we can do something about this three-dimensional crisis.

We have the capacity to cushion the blow.

The report offers more than a dozen recommendations, but I would boil down the messages to three fundamental points.

First — we must not make things worse. That means ensuring a steady flow of food and energy through open markets. It means lifting all unnecessary export restrictions, and this is not the time for protectionism. It means directing surpluses and reserves to those in need.
And keeping a lid on food prices and calming the volatility in food markets.

Second — we can maximize this moment to push for the transformational change our world needs. Look no further than the energy crisis. In the immediate-term, countries must resist hoarding, and release strategic stockpiles and additional reserves. But now is also the time to turn this crisis into an opportunity. We must work towards progressively phasing-out coal and other fossil fuels and accelerating the deployment of renewable energy and a just transition.

And third — we need to pull developing countries back from the financial brink.

The international financial system has deep pockets.

I have been strongly advocating for its reform. But developing countries need help now, and the funds are there.

So, we need to make them available to economies that need them most so that governments can avoid default, provide social safety nets for the poorest and most vulnerable, and continue to make critical investments in sustainable development.

This is not a crisis that can be solved piecemeal, country by country. This global and systemic emergency requires global and systemic solutions.

The report includes concrete recommendations for international financial institutions to increase liquidity and fiscal space.

As we approach the Spring Meetings of the World Bank and the IMF (April 18-24), we need political will and leadership. Resources are available.

We must speak with one voice: action today will prevent suffering tomorrow. Above all, this war must end.

The people of Ukraine cannot bear the violence being inflicted on them.

And the most vulnerable people around the globe cannot become collateral damage in yet another disaster for which they bear no responsibility.

We need to silence the guns and accelerate negotiations towards peace, now.

For the people of Ukraine. For the people of the region. And for the people of the world.

IPS UN Bureau

 

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Excerpt:

UN Secretary-General at a Press Conference to Launch a new report on the global impact of the ongoing war in Ukraine

The government's plan, set to be announced on Thursday, is criticised as "cruel" by a refugee charity.