UN Chief Calls Out IMF To Help Developing & Middle-Income Countries
Antonio Guterres, UN chief, is urging the International Monetory Fund (IMF) should issue a new allocation of its Special Drawing Rights currency to ensure a boost in global liquidity. This will help the economy of developing countries and middle-income countries amid the coronavirus pandemic crisis. “Alleviating crushing debt cannot be limited to the Least Developed […] The post UN Chief Calls Out IMF To Help Developing & Middle-Income Countries appeared first on Nation Bytes.
Antonio Guterres, UN chief, is urging the International Monetory Fund (IMF) should issue a new allocation of its Special Drawing Rights currency to ensure a boost in global liquidity. This will help the economy of developing countries and middle-income countries amid the coronavirus pandemic crisis.
“Alleviating crushing debt cannot be limited to the Least Developed Countries,” Guterres told a UN meeting on the pandemic’s economic fallout.
“It must be extended to all developing and middle-income countries that request forbearance as they lose access to financial markets.”
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The post UN Chief Calls Out IMF To Help Developing & Middle-Income Countries appeared first on Nation Bytes.
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