UN Chief calls for debt relief extension for middle-income nations

UN Secretary-General António Guterres says innovative measures to address debt are required to help the world’s more than 100 middle-income countries expand their economies and exit the COVID-19 pandemic.
Guterres told the General Assembly on Thursday at UN headquarters in New York while addressing a high-level meeting on these countries.
According to him, middle-income countries account for more than half of the UN’s 193 Member States, underlining the need for financing to help them recover in the wake of the global crisis.
He said that middle-income countries should have their debts suspended into 2022 to cope with the social and economic impact of the virus.
Many were already dealing with mounting debt before the pandemic, which has only further aggravated the situation….

TO CONTINUE READING CLICK HERE