"The human suffering caused by Covid-19 has disproportionately hit those who are most vulnerable. It is shining a light on structural issues and the lack of resilience in our economic systems, in addition to injustices deeply embedded in our societies. The global resonance of the Black Lives Matter movement – far beyond the US – is a symbol of the inequalities which millions of people experience around the world. As a result of historic injustices, ethnic minorities and low-income populations are experiencing higher levels of health risks and are the first to be hit by the economic crisis.
As economic growth and productivity slow, so too do the primary drivers that raise people out of poverty. The long-term financing of the Sustainable Development Goals is at risk.
As I take up leadership of the GSG, the responsibility of the impact investment movement has never been so strong.
We have an opportunity to re-build economies that are truly equal and resilient to future shocks. We need to strengthen national education systems, rebalance labour markets, safeguard progress towards the SDGs and promote low-carbon development that will protect our planet.
We will work for this just recovery – a recovery with social, economic and environmental justice. But there is no justice unless it is justice for everyone. As an impact investing movement, we recognize the challenges, and we will do our part in overcoming them."
Cliff Prior CEO, GSG