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 , WFP , WMO
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Press Conferences | WHO
Alessandra Vellucci, Director of the United Nations Information Service in Geneva, chaired a hybrid press briefing, which was attended by the representatives and spokespersons of the World Health Organisation, the United Nations High Commission for Refugees, the United Nations Conference on Trade and Development, and the World Meteorological Organisation.
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Forms of sex-based violence against women and girls, and the concept of consent in relation to violence against women and girls
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Press Conferences | UNCTAD
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Press Conferences | OHCHR
Press conference by the Special Rapporteur on the situation of human rights in Myanmar
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Press Conferences | OHCHR
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Press Conferences | ITU , OHCHR , UNCTAD , UNESCO , UNHCR
Alessandra Vellucci, Director of the United Nations Information Service in Geneva, chaired a hybrid press briefing, which was attended by the representatives and spokespersons of the Office of the High Commissioner for Human Rights, the United Nations Refugee Agency, the International Telecommunication Union, and the United Nations Educational, Cultural and Scientific Organization.
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Press Conferences | OHCHR
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Press Conferences | UNOG , UNICEF , WHO , UNHCR , HRC , UNCTAD
Alessandra Vellucci of the United Nations Information Service (UNIS) in Geneva, chaired the hybrid briefing, attended by spokespersons and representatives of UNICEF, WHO, HRC, UNCTAD, UNHCR
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Press Conferences | OHCHR
Press conference of the UN Special Rapporteur on the freedom of opinion and expression and the UN Special Rapporteur on the freedom of peaceful assembly and association
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Press Conferences | UNCTAD
Publication of the World Investment Report 2025
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Press Conferences | HRC
Launch of the latest report of the Independent International Commission of Inquiry on the Occupied Palestinian Territory, including East Jerusalem, and Israel