Policy responses to the COVID-19 pandemic and resulting economic crisis have exacerbated rather than reduced global inequalities. On the one hand, the net wealth of billionaires has risen to record levels since the outbreak of the pandemic (increasing by more than US$ 5 trillion to US$ 13.1 trillion from 2020 to 2021), on the other hand, the number of people living in extreme poverty has also increased massively (by approx. 100 million to 732 million in 2020).
Governments have responded to the COVID-19 pandemic with unprecedented intensity. They have taken far-reaching regulatory measures to contain the pandemic and mobilized financial resources on an enormous scale.
When UN Member States adopted the 2030 Agenda and its SDGs in September 2015, they signalled with the title Transforming our World that ‘business as usual’ is no longer an option and fundamental changes in politics and society are necessary.
When UN Member States adopted the 2030 Agenda, they signaled with the title Transforming our World
that it should trigger fundamental changes in politics and society.
But three years after its adoption, most governments have failed to turn the proclaimed transformational vision of the 2030 Agenda into real policies.
At the High-Level Political Forum which currently takes place at the United Nations in New York several events, for instance a SDG Business Forum, are devoted to the critical role of business and public-private partnerships (PPPs) in implementing the 2030 Agenda for Sustainable Development.