By J Nastranis
NEW YORK, 17 Feb 2023 (IDN) — In view of the failure of the global financial system to effectively cushion the impacts of current global crises on the Global South—the COVID-19 pandemic, the war in Ukraine and the ongoing climate emergency—the UN has called for an increase of about $500 billion each year by world's most developed nations to finance the crucial 2030 Agenda for Sustainable Development (SDGs).