Press Conferences | UNCTAD
Developing countries crippled by debt need urgent relief, stresses UN trade agency
Far too little constructive support has been provided to help developing countries escape from crippling debt related to the COVID-19 outbreak, leading UN economists said on Thursday.
According to the United Nations Conference on Trade and Development (UNCTAD), urgent measures are needed to head off what it has called a “looming debt disaster” in emerging economies.
It’s calling on international investors and creditors to agree to write off debt relief to developing countries.
Some welcome steps have already been taken, including the decision on 13 April by the International Monetary Fund (IMF) to cancel debt repayments due by the 25 poorest developing economies for the next six months.
This alone was estimated at around $215 million.
That IMF decision was followed two days later by the leaders of the Group of 20 leading economies (or G20), who announced the suspension of debt paybacks for 73 of the world’s poorest countries from May to the end of the year.
Welcoming these measures, UNCTAD economist Richard Kozul-Wright said that they would free up sorely needed resources which are needed to respond to the pandemic, and which are normally dedicated to paying off external debt.
But he insisted that more “systematic, transparent and coordinated measures towards writing off developing country debt across the board” are urgently needed.
A trillion dollar write-off would be closer to the figure needed to prevent economic disaster across the developing world, Mr Kozul-Wright added.
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Press Conferences | WHO , WMO , ILO
Alessandra Vellucci, Director of the United Nations Information Service (UNIS) in Geneva, chaired the hybrid briefing, which was attended by spokespersons and representatives from the World Health Organization, the World Meteorological Organization, and the International Labour Organization.
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Press Conferences | UNCTAD
Publication of the Digital Economy Report 2024: Shaping an environmentally sustainable and inclusive digital future
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Press Conferences | OHCHR , WHO , OCHA , UNHCR , WFP
Alessandra Vellucci, Director of the United Nations Information Service in Geneva, chairs a hybrid briefing, attended by spokespersons and representatives of the Office for the Coordination of Humanitarian Affairs (OCHA), the United Nations Refugee Agency (UNHCR), the World Health Organization (WHO), and the United Nations Human Rights Office (OHCHR).
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Press Conferences | FAO , IFRC , OCHA , WHO
Rolando Gómez of the United Nations Information Service (UNIS) in Geneva, chaired the hybrid briefing, attended by spokespersons and representatives of the United Nations Office for the Coordination of Humanitarian Affairs, the International Federation of the Red Cross and Red Crescent Societies, the World Meteorological Organization, the Food and Agricultural Organization and the World Health Organization.
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Press Conferences | IOM , mcc , UNHCR
UNHCR IOM MCC Report on risks faced by refugees and migrants on the Central Mediterranean route - "On this journey, nobody cares if you live or die"
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Press Conferences | HRC , IOM , ITU , UNCTAD , UNHCR , UNICEF , UNRWA , WHO , WMO , OCHA
Alessandra Vellucci of the United Nations Information Service (UNIS) in Geneva, chaired the hybrid briefing, attended by spokespersons and representatives of the United Nations Children’s Fund, the United Nations High Commissioner for Refugees, the United Nations Office for the Coordination of Humanitarian Affairs, the International Organization for Migration, the World Meteorological Organization, the United Nations Relief and Works Agency for Palestine Refugees in the Near East, the World Health Organization, the Office of the High Commissioner for Human Rights, UN Trade and Development and the International Telecommunication Union.
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Press Conferences | HRC , UNHCR , UNRWA , WHO
Daniel Johnson, Public Information Officer, United Nations Information Service (UNIS) in Geneva, chaired a hybrid briefing, which was attended by spokespersons and representatives from the United Nations Human Rights Council, the United Nations Relief and Works Agency (UNRWA), the United Nations Refugee Agency (UNHCR), the World Health Organization, United Nations Trade and Development (UNCTAD), and the World Meteorological Organization (WMO).
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Press Conferences | UNECE
The United Nations Economic Commission for Europe (UNECE) press conference on regulating autonomous vehicles: international developments
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Press Conferences | HRC
Human Rights Council thematic report on drug use, harm reduction and the right to health
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Press Conferences , Edited News | UNRWA
Every day in Gaza 10 children lose one or both legs, says top UN aid official There’s been no let-up in the terrible human cost of the war in Gaza where 10 children lose one or both legs every day, amid ongoing Israeli bombardment and renewed fears of famine, a top UN aid official said on Tuesday.
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Press Conferences | HRC , ITC , OCHA , OSE , UNECE , UNHCR , WHO
Alessandra Vellucci, Director of the United Nations Information Service in Geneva, chaired a hybrid briefing, which was attended by spokespersons and representatives of the Office for the Coordination of Humanitarian Affairs, the United Nations Refugee Agency, the World Health Organization, the United Nations Economic Commission for Europe, the International Trade Centre, and the Human Rights Council.