The COVID-19 pandemic has uncovered major weaknesses in our global
system. It has shown beyond doubt how the prevalence of poverty, weak health systems, lack of
cducation, and above all sub-optimal global coopcration is aggravating the crisis. Be- sides its
immcdiatc impact on hcalth, the socio-cconomic conscqucnces of the pan-demic are likcly to
be felt by cconomic actors all over the world, and the populations of developing countries and
economies in transition are expected to be among those most vulnerable to suffer from
COVID-19-related challenges.
The economic impact of COVID-19 pandemic has also left its
mark on Sustainable Development financing. Financing Sustainable Developmment is critical
for the future of the countries of the Global South. These countries are dependent on a single
source of financing i.e. the ODAs from thec developed Global North. It is estimated that the
financing gap betwecn the pre and post pandemic times could increase by a whopping 70
pcrccnt, owing to the fall in ODAs as a result of poor growth outlook in the devcoped
countrics. 'The retreat from globalisation and the devastating impact of the pandemic on global
economic growth needs to be dealt with an alternate strategy for financing Sustainable
Development. The post-pandemic development finance needs to tap into muliple sources of
financing that might include the public domestic resources, private sector linance, ODA from
other governmens and philanthropies, remittances and South-South lows.
This book is an
outcome of the first of its kind e-conference in the middle of the Covid-19 pandemic, tackling
the qucstions of cconomic growth recovery in the Global South and financing sustainable
dcvclopment among the poor and vulncrable commu-nities of the Global South.
Prof.(Dr.)
Hebatallah Adam is Associate Professor, Assistant Dean for Acadcmic Affairs of Jindal School
of International Affairs ISIA) and Executive director of Jindal Centre for the Global South
O.P.Jindal Global University, Haryana - India. She is affiliated as well to the Department of
Economics, Faculty of Business, Ain Shams University Cairo-Egypt where she has acquired
more than 17 years of research and academic leaching experience.