The United Nations supports PM Imran Khan’s call for a global initiative on debt reduction | Instant News


  • Spokesperson for the UN Secretary General, Stephane Dujarric, said PM Imran Khan’s initiative was in the same spirit as the position of Secretary General himself.
  • Prime Minister Imran Khan on Sunday appealed before world leaders, prominent finance chiefs and the Secretary General of the United Nations to launch a “global initiative on debt reduction”.

UN Secretary General Antonio Guterres has endorsed Prime Minister Imran Khan’s call for a ‘Global Initiative on debt relief’ to provide debt relief for developing countries after the economic crisis caused by the coronavirus pandemic.

Speaking at a regular virtual press conference in New York, Spokesperson for the UN Secretary-General, Stephane Dujarric said PM Imran Khan’s initiative was in the same spirit as the position of Secretary-General himself.

He said the UN chief believed that debt reduction should be an important part of COVID-19’s response, including an immediate waiver of interest payments for the current year. The spokesman added that it was important that limited resources from the poorest countries in the world should be used to fight the COVID-19 virus.

The spokesman added that the UN Secretary General had cleaned up his position privately and publicly, especially in the letter he sent to the G20.

Prime Minister Imran Khan on Sunday appealed before world leaders, prominent finance chiefs and the Secretary General of the United Nations to launch a “global initiative on debt reduction”.

In a brief call broadcast on television to the international community, the prime minister juxtaposed the financial health of developing countries, especially Pakistan, where the government had tried together to avoid spreading the deadly COVID-19 through locking and saving people from death. because of hunger.

The prime minister reminded that the social economic impact of a pandemic will be more important in developing countries.

The proposed global initiative aims to lay the groundwork for an urgent release of debt to developing countries, at their request, and without heavy conditions.

This initiative builds on the prime minister’s belief that increasing fiscal capacity is fundamental to recovery from the ongoing pandemic crisis. Prime Minister Khan also urged world leaders to step up measures to help developing countries cope with the effects of the COVID-19 disaster.

He proposed that developing countries should be given fiscal space and financial assistance through increased debt assistance and restructuring and other additional steps that could help them manage the ongoing crisis.

.



image source

to request modification Contact us at Here or [email protected]