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20 September 2018

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UNITED NATIONS, Sept. 17, 2018 -- Photo taken on Sept. 17, 2018 shows the last meeting of the 72nd session of the United Nations General Assembly, at the UN headquarters in New York. Photo: Xinhua/Li Muzi via Getty Images

Development Aid Insufficient to Reach SDGs

New York (Forbes) – It may not be widely known looking at the embarrassment of riches on Wall Street, but the world’s best hope of reining in the modern era’s four horsemen riding on steeds of climate change, extreme income inequality, pandemic threats and the erosion of institutional trust, largely depends on financial engineering, technological innovation and political will. In development circles the case for financial leverage, or the billions to trillions narrative, is widely understood, representing a critical path to achieving the UN’s Sustainable Development Goals (SDGs). Now it is time for business and the asset management community to realize their double-jeopardy, which is betrayed by buoyed short-term returns – namely, we are living in an invest now or pay later world. Either way, someone is going to pay, and the misery and misfortune of others can no longer be treated as externalities.

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Carol: "I am lucky that nobody hurt me. I never saw the others again. People need to know what this route is like; they need to know the truth."

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  • ANSA reported that over one-fifth of migrants who arrive irregularly in Europe do so by land, according to IOM figures.

  • Thomson Reuters Foundation reported that anecdotal evidence suggests that instances of human trafficking have slowed since Oba Ewuare II, leader of the historic kingdom of Benin in southern Nigeria, invoked curses on anyone who used witchcraft to aid irregular migration in March.

  • Parikiaki reported on the daily struggle of asylum seekers in Cyprus, where only one government-run reception center handles thousands of applications.

  • EEAS featured remarks by EC Vice-President and High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini during an informal meeting of the heads of state to discuss migration.

  • Sudan Tribune reported on the call of the Sudanese government to confiscate profits from human trafficking and irregular migration crimes, stressing the need for providing jobs for young people.

  • N1 Sarajevo reported on the difficulty in accommodating migrants in Bosnia as immigration centers reach full capacity.

  • Dehai reported on how armed groups in Libya are trafficking persons and smuggling migrants for financial gain.

  • Business Ghana reported that a five-day training to build the capacities of consular officials in seven missions abroad has opened with a call for missions to be receptive to and support migrants.

  • Open Democracy reported on a journey through Hungary's rural west, where refugees are banned but tourists are welcome.

  • CGTN reported that Spain has been identified as the top destination for African migrants, with passage through the Strait of Gibraltar as the preferred route.

  • F3 News reported about the inhumane conditions in the Moira refugee camp in Greece where rape and mental health issues were rampant, calling the camp an ‘island prison’.

  • Egypt Today reported that the Egyptian government will not establish refugee camps for migrants but will allow them to move freely inside the country and provide them with health and education services.

  • The Guardian reported that New Zealand has announced it will significantly increase its refugee quota from 2020.

  • EU News reported that the European Asylum Support Office (EASO) has emphasized the need for dedicated journalists to raise public awareness about the harsh realities that drive refugees to flee their homes, and to report objectively about migration.

  • The Guardian reported that LGBTQI Refugees Welcome, the only refugee-led queer collective in Athens, has provided vital support and a safe place for persecuted gay and trans refugees to get together.