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UN asks the G20 for urgent measures in the face of a developing world crisis

UN asks the G20 for urgent measures in the face of a developing world crisis

The general secretary of the UN, Antonio Guterreswants the countries of the G20 take urgent action to contain the economic crisis in the developing world, which they say is being exacerbated by a “unfair global financial system”.

This was stated by Guterres in a letter sent to the finance ministers and governors of the central banks of the G20 meeting in Washington, a city to which the head of the United Nations will travel tomorrow to participate in the meetings of the International Monetary Fund (IMF) and the World Bank.

The Portuguese’s priority is to achieve immediate support for developing countries that are being devastated by the current international economic situation, as well as longer-term improvements that allow these States to straighten out their finances and help their population.

“Today, the G20 is at a crossroads: it can continue with the status quo or it can embark on a new path to drive a global economic recovery for all”Guterres said in the letter, made public this Thursday by the UN itself.

Among other things, the United Nations calls for immediate debt relief for the most vulnerable countries and for working with private creditors to that end.

In addition, it calls for better use of international financial instruments so that these governments have funds and a “stimulus” of at least US$ 500,000 million by 2025 in order to support the Sustainable Development Goals, its great agenda against poverty and to protect the planet.

According to his spokesman, Guterres will speak this Friday at the opening of the meeting of the International Monetary and Financial Committee of the IMF and then he will participate in the plenary session of the World Bank Development Committee.

In addition, he plans to hold bilateral meetings with the head of that institution, David Malpass, and with the managing director of the IMF, Kristalina Georgieva.

Source: Gestion

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