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Countries need $4.5 trillion over 7-10 years to finance development goals: Kotak
Updated On: 25 August, 2023 01:18 PM IST | New Delhi | mid-day online correspondent
Countries globally would need about USD 4.5 trillion over the next 7-10 years to finance their development goals, B20 India Task Force on Financing for Global Economic Recovery, Chair, Uday Kotak said on Friday
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Uday Kotak, Managing Director and CEO of Kotak Mahindra Bank attends the first day of the three-day B20 Summit in New Delhi on August 25, 2023. Photo by Sajjad HUSSAIN / AFP
Countries globally would need about USD 4.5 trillion over the next 7-10 years to finance their development goals, B20 India Task Force on Financing for Global Economic Recovery, Chair, Uday Kotak said on Friday.
The task force in its recommendation also suggested ways for businesses to finance it. It suggested setting up of a `global acceleration fund` where every business globally contributes 0.2 per cent of profit to social development goals.
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