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 | IFRC , OHCHR
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 International Organization for Migration, the International Federation of Red Cross and Red Crescent Societies, the World Meteorological Organization, the World Health Organization, and the Office of the United Nations High Commissioner for Human Rights.
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Press Conferences | WMO
Launch of the World Meteorological Organization (WMO)'s Air Quality and Climate Bulletin 2024.
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Press Conferences | OHCHR
The UN disability rights committee (CRPD) presented the findings of its 33rd session on DPRK, Finland, Kiribati, Maldives and the Occupied Palestinian Territory.
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Press Conferences | HRC
UN Human Rights Council President Ambassador Jürg Lauber briefs the press in Geneva ahead of the Council's 60th session.
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Press Conferences | OCHA , IFRC , UNHCR , OHCHR , UN WOMEN , UNFPA
Alessandra Vellucci of the United Nations Information Service (UNIS) in Geneva, chaired the hybrid briefing, attended by spokespersons and representatives of the United Nations Assistance Mission in Afghanistan, the United Nations High Commissioner for Refugees, the United Nations Office for the Coordination of Humanitarian Affairs, the Office of the High Commissioner for Human Rights, UN Women, the United Nations Sexual and Reproductive Agency, the United Nations Children’s Fund and the International Federation of the Red Cross.
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Press Conferences | UNOG , OHCHR , UN WOMEN , OCHA , WHO
Alessandra Vellucci of the United Nations Information Service (UNIS) in Geneva, chaired the hybrid briefing, attended by spokespersons and representatives of the United Nations Office of the High Commissioner for Human Rights, UN Women, the World Health Organization (WHO) and the Office for the Coordination of Humanitarian Affairs (OCHA).
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Press Conferences | UNOG , OHCHR
Alessandra Vellucci of the United Nations Information Service (UNIS) in Geneva, chaired the hybrid briefing, attended by spokespersons and representatives of the United Nations Office of the High Commissioner for Human Rights.
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Press Conferences | OCHA , UNITED NATIONS
Tom Fletcher, Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, briefed the press in Geneva on Friday on famine in Gaza.
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Press Conferences | OCHA , OHCHR , WHO , WFP , UNHCR
Alessandra Vellucci, Director of the United Nations Information Service in Geneva, chaired a hybrid press briefing, which was attended by the United Nations Under-Secretary-General for Humanitarian Affairs, as well as representatives and spokespersons of the World Health Organization, the Office of the High Commissioner for Human Rights, the United Nations Refugee Agency, the World Food Programme, and the Office for the Coordination of Humanitarian Affairs.
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Press Conferences | UNOG , WHO , OCHA , OHCHR
Alessandra Vellucci 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 Office of the High Commissioner for Human Rights, and the World Health Organization.
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Press Conferences | 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 and the World Health Organization.
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Press Conferences , Statements | UNEP
After 10 days of UN talks on plastic pollution, no consensus was reached; negotiations to continue.