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We gather on the eve of the Summit of the Future, which aims to reinvigorate global cooperation and chart a course to address humanity's most pressing challenges—proliferating conflicts, accelerating climate change, growing inequalities and deepening polarization. Risks of reversing SDG achievements are also growing, with alarming projections of negative impacts on poverty and inequality in low- and middle-income countries due to high levels of debt and weak development financing.
Against this backdrop, it's easy to believe that our trajectory is fixed towards decline. It reminds us that our future is not predetermined—we live in a world of possibilities. The report spotlights emerging opportunities for intergenerational justice, responsible technological advancement and innovative forms of social connection that bridge generational divides.
We are seeing governments and citizens adopting longer-term perspectives, protecting the rights of nature and future generations, and exploring alternative economic models. There is also cause for some optimism in the financial sector. More countries are implementing targeted taxes, investing in impact-driven enterprises, and leveraging capital markets with green, sustainability-linked, and catastrophe bonds.
In July, the Group of 20 signalled its commitment to tax transparency and to fostering dialogue on fair taxation, including of ultra-high-net-worth individuals. Together, we can choose a pathway that unlocks the urgent surge in investment required to achieve the SDGs. Our collective success in scaling up the required financing for development cannot be separated from our collective commitment to investing in development through cooperation.