UN chief welcomes IMF, World Bank steps to address coronavirus-related debt crisis

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UNITED NATIONS, Apr 09 (APP): UN Secretary-General Antonio Guterres Friday welcomed the measures announced by the International Monetary and Finance Committee (IMFC) and the World Bank Group Development Committee, to address debt crises and other financial distress to economies stemming from the coronavirus pandemic, “as a sign of hope and renewed multilateralism.” In a statement… Continue reading UN chief welcomes IMF, World Bank steps to address coronavirus-related debt crisis

Many countries spending more on debt than education, health and social protection combined: UNICEF

UNITED NATIONS , Apr 02 (APP): Around one in eight nations spends more on debt than on social services, according to a new report from the UN Children’s Fund (UNICEF) that calls for debt service relief and restructuring to enable countries to bounce back from the coronavirus pandemic. The report ‘COVID-19 and the Looming Debt… Continue reading Many countries spending more on debt than education, health and social protection combined: UNICEF

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