Innovative measures to address debt are required to help the worlds more than 100 middle-income countries expand their economies and exit the COVID-19 pandemic, UN Secretary-General Antnio Guterres told the General Assembly on Thursday.
Addressing a high-level meeting on these nations, which account for more than half of the UNs 193 Member States, he underlined 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.
Leaving no nation behind
Many were already dealing with mounting debt before the pandemic, which has only further aggravated the situation.
In small island states, …
Read the full article at: https://news.un.org/en/story/2021/06/1094202