Aligning the Financial Systems in the Asia Pacific Region to Sustainable Development: Asia-Pacific High-Level Consultation on Financing for Development
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2015Author
United Nations Environment Programme
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RT Generic T1 Aligning the Financial Systems in the Asia Pacific Region to Sustainable Development: Asia-Pacific High-Level Consultation on Financing for Development A1 United Nations Environment Programme YR 2015 LK https://wedocs.unep.org/20.500.11822/9748 PB United Nations Environment Programme AB TY - GEN T1 - Aligning the Financial Systems in the Asia Pacific Region to Sustainable Development: Asia-Pacific High-Level Consultation on Financing for Development AU - United Nations Environment Programme Y1 - 2015 UR - https://wedocs.unep.org/20.500.11822/9748 PB - United Nations Environment Programme AB - @misc{20.500.11822_9748 author = {United Nations Environment Programme}, title = {Aligning the Financial Systems in the Asia Pacific Region to Sustainable Development: Asia-Pacific High-Level Consultation on Financing for Development}, year = {2015}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/9748} } @misc{20.500.11822_9748 author = {United Nations Environment Programme}, title = {Aligning the Financial Systems in the Asia Pacific Region to Sustainable Development: Asia-Pacific High-Level Consultation on Financing for Development}, year = {2015}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/9748} } TY - GEN T1 - Aligning the Financial Systems in the Asia Pacific Region to Sustainable Development: Asia-Pacific High-Level Consultation on Financing for Development AU - United Nations Environment Programme UR - https://wedocs.unep.org/20.500.11822/9748 PB - United Nations Environment Programme AB -View/Open
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Adequate, appropriate finance is crucial for sustainable development in the Asia-Pacific region. The United Nations Economic and Social Commission for Asia and the Pacific UN (ESCAP) estimates that the region needs to invest around US$2.5 trillion a year between 2013 and 2030 to achieve key sustainable development goals. The region’s developing financial and capital markets provide a unique opportunity for innovative financial and capital market policies, regulations and standards that can align private capital flows to the financing needs of sustainable development. Notably, the region’s savings, US$8.4 trillion in 2012, represents more than half of the world’s total savings, the channeling of which will make a significant difference to regional and international progress towards sustainable development.
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