ABSTRACT
Chapter 3 focuses on the effects of the pandemic in the global economy and financing for development. The chapter sets the context by analyzing the scenario between the 2008 financial crisis and the global pandemic in 2020. It introduces the roadmap established by the international community in 2015 through multilateral agreements, from the perspective the negotiators that acted as the architects at the time. The chapter further illustrates through data available by June 2020 how the global economy was rocked by the COVID 19 pandemic, specifically in the main economic areas and “means of implementation” for sustainable development: industrial production, financial markets, access to finance, international trade, debt, fiscal health, among others. Finally, it offers a response to questions of economic diplomacy and financing for development, and lessons learned that may be used towards a new global economic architecture.
