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Our world today is dealing with a crisis of monumental proportions. The novel coronavirus is wreaking havoc across the globe, upending lives and livelihoods. The cost of the pandemic in terms of loss of human lives is painful, but the effects on the global economy and on sustainable development prospects are also worrying. The International Monetary Fund estimates that our world has entered into a recession, and while the full economic impact of the crisis is difficult to predict, preliminary estimates place it at US$2 trillion.
The pandemic has exposed fundamental weaknesses in our global system. It has shown how the prevalence of poverty, weak health systems, lack of education, and a lack of global cooperation exacerbate the crisis.