UN’s ECOSOC Chief Calls for Backing Up World’s Poor Fight COVID-19
By Ramesh Jaura
BERLIN | NEW YORK (IDN) — UN Economic and Social Council (ECOSOC) President Munir Akram has called for a ‘Coalition of the Willing’ to promote agreement at the global level, on a specific set of early actions to provide fiscal space and supplementary liquidity to developing countries suffering the disastrous impact of COVID-19.
In an email interview with IDN, Mr Akram said speedy actions should include comprehensive debt suspension, debt restructuring for countries in current or potential debt distress, creation of new Special Drawing Rights (SDRs) worth $500 billion and redistribution of unutilized SDR quotas to developing countries. CHINESE | JAPANESE | KOREAN | P0RTUGUESE | TURKISH
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