Mobilising financing on the scale required to address the “great finance divide” is vital to overcoming the devastating socio-economic hardships and job losses caused by the pandemic, the ever-increasing climate emergency, and other crises. Employment losses and reductions in working hours diminished incomes. The absence of adequate social protection systems in many countries compounded the financial stress to already economically vulnerable households, with cascading effects on health and nutrition. It is critical that finance is mobilised to create decent and productive jobs and extend social protection coverage to the chronically poor and those who have been most affected including women, children, migrants, and workers in the informal economy, among others.
