South-South and Triangular Cooperation is Now More Important than Ever

On Friday, the United Nations Office for South-South Cooperation (UNOSSC) hosted a high-level virtual panel discussion on strengthening solidarity “in support of a more inclusive, resilient, and sustainable future.”

“As the world seeks to ramp up COVID-19 response and recovery and fight the existential threat of climate change, South-South and triangular cooperation are more essential than ever,” UN Secretary-General António Guterres said at the occasion.

The announcement comes just two days before the United Nations Day for South-South Cooperation, which is celebrated on September 12th.

The COVID-19 epidemic, according to UN Secretary-General António Guterres, is the world’s most complicated current problem, destroying hard-won social, economic, and environmental benefits.

In such challenging times, he said, the solidarity that characterizes South-South cooperation has proven crucial for developing countries once again.

Countries in the Global South have offered their knowledge and resources to aid response and recovery efforts throughout the pandemic. However, much more is required.

To address the global health crisis, decrease poverty and inequality, accomplish the Sustainable Development Goals, and avoid climate disasters, Mr. Guterres believes that the world needs stronger international cooperation.

Building inclusive and resilient societies, empowering women and youth, harnessing digital, greener, and bluer efforts, and extending sustainable financing are all examples given by the UN Chief.

In recent years, the countries of the South have contributed to more than half of global growth. Intra-South trade is at an all-time high, accounting for over a quarter of all global trade.

At the same event, General Assembly President Volkan Bozkir stated that the world must do more to assist these developing nations in recovering from the COVID-19 pandemic and that South-South cooperation is critical in this regard.

He noted that in his travels, particularly in Central Asia and the Caribbean, he has seen the need for South-South and triangular collaboration in addressing difficulties, especially those that straddle boundaries and regions. UN national and regional teams, he believes, are in a good position to promote and support these activities.

PC: https://www.flickr.com/photos/unfccc/46175217051