Short-termism impedes progress of millions of people United Nations report says

Abstract

The prospects of around 800 million of the world’s poorest people remain dire. The global economy is experiencing a moderate upturn, and momentum around sustainable investing is growing, the UN said today. The report states that the current system rewards investors, financiers and project managers that prioritize short-term profits. Similarly, policy makers are excessively focused on short-term considerations. But there is a price to pay. The report emphasizes that in donor countries, political leaders must do more to meet their commitment to providing financial assistance to the world’s most vulnerable countries. Beyond financing, the report highlights several cross-cutting areas that impact sustainable financing and that require policymakers attention.