The head of the UN announced the undermining of global cooperation. UN Secretary General: Development Financing is at a turning point Economic development Donors stop fulfilling their obligations to provide assistance with unprecedented speed and on an unprecedented scale, said the UN Secretary General at the Forum of the Economic and Social Council of the UN (Ecosos) on Monday. Development financing is at a turning point, he said. & Amp; nbsp; According to the head of the UN, now, when the international community is preparing for the fourth international conference on development financing in Seville, the world is faced with “cruel truths”. Thus, the annual deficit of financing the goals of sustainable development reaches $ 4 trillions & nbsp; & nbsp; “Cruel truth consists in excessively high expenses for borrowing, which deplete state investments in education, healthcare systems, social protection, infrastructure and the transition to the energy of the future,” the general’s general secretary. & nbsp; & nbsp; he also announced a more serious threat – undermining global cooperation. Trade wars & nbsp; – & nbsp; a clear example, the head of the UN believes. & Amp; NBSP; “All & nbsp; – & nbsp; especially vulnerable countries and peoples that suffer stronger than all,” he said. Guterres emphasized that trading barriers threaten the global economy and sustainable development, as evidenced by the forecasts of the IMF, the WTO and other organizations. & Amp; NBSP; & NBSP; against the backdrop of the instability of the Secretary General, he urged not to abandon high goals in financing development. “We need to go to the forces mode”, & nbsp; – & nbsp; he emphasized, recalling the importance of fulfilling the obligations taken by countries in the pact in the name of the future: from creating a stimulus to achieve the global financial architecture. & Amp; & nbsp; Three priorities for negotiations on the eve of the conference in Seville. The first & nbsp; – & nbsp; work with debt. “When it is used reasonably and fairly, the debt can be an ally of development”, & nbsp; – & nbsp; he said. In developing countries, debt service exceeds 1.4 trillion dollars per year, and in 17 countries & nbsp; – & nbsp; more than 20 percent of budget revenues. & Amp; nbsp; & nbsp; second priority & nbsp; – & nbsp; institutes. “If financing & nbsp; – & nbsp; this is a development fuel, then multilateral development banks & nbsp; – & nbsp; this is its engine. And this engine needs to be started ”, & NBSP; – & nbsp; noted the Secretary General. He recalled the need to strengthen the credit capacities of these banks. & Amp; nbsp; & nbsp; the third emphasis & nbsp; – & nbsp; increase in all financing flows: “Yes, times are difficult. But in difficult times, responsible and stable investments become even more important. ” The Secretary General called on the governments to actively mobilize internal resources, fight corruption and strengthen international tax cooperation. & Amp; nbsp; & nbsp; “In many ways, the future of a multilateral system depends on development financing,” he summed up. & nbsp;