International Debt Architecture and Liquidity – Financing for Development in the Era of COVID-19 and

About This Source - United Nations

The United Nations (UN) was established after World War II with the aim of preventing future wars. The organization is financed by assessed and voluntary contributions from its member states.

The UN’s chief administrative officer is the Secretary-General, currently Portuguese politician and diplomat António Guterres, who began his five year-term on 1 January 2017.

 

Recent from United Nations:

  • Nico Rosberg: Formula One World Champion & Sustainability Entrepreneur on sports for climate action
  • Myanmar, Syria, Hunger & other topics – Daily Press Briefing (30 July 2021)
  • World Day against Trafficking in Persons – Ghada Waly (UNODC) | 30 July | United Nations
  • United Nations published this video item, entitled “International Debt Architecture and Liquidity – Financing for Development in the Era of COVID-19 and” – below is their description.

    Join Prime Ministers of Canada and Jamaica and @UNSG for Heads of State Meeting on International Debt Architecture and Liquidity to address debt vulnerability, build on solutions to provide debt relief and liquidity. 29 March 2021, 10:00 AM ET.

    One year into the COVID-19 pandemic, insufficient global solidarity among countries threatens to leave entire regions behind. While some countries have been able to accrue new debt to build a bridge to recovery and reserve vaccines, others have been forced to allocate their limited fiscal space to servicing their debts rather than supporting their people. Six developing countries have already defaulted since the onset of the pandemic, with an increasing number of low and middle-income countries also likely to head into default this year.

    This poses a significant threat to our collective effort to build back better. Until all countries have the fiscal ability and capacity to invest in a global recovery, including by securing vaccines and investing in climate action, inequalities will continue to grow to the detriment of humanity as a whole.

    Ahead of the Annual Meetings of the IMF and World Bank, the G20 and G7 meetings and the Financing for Development Forum, this event aims to underscore the urgency of audacious and concrete action to provide liquidity and address debt vulnerability. Now is the time to build a bridge to recovery and re-design an international debt architecture that works better for all.

    For more information:

    https://www.un.org/en/coronavirus/financing-development

    https://www.un.org/en/coronavirus/debt-and-covid-19

    United Nations YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: Canada

    Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

    Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

    Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.

    As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

    2 Recent Items: Canada

  • Will Canadians need 3rd COVID-19 vaccine dose?
  • New study finds elite athletes face greater mental health risks
  • In This Story: COVID-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

    Latest News about Covid-19

    Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

    5 Recent Items: COVID-19

  • Six new Delta cases linked to Brisbane high school student prompts three-day lockdown | ABC News
  • ‘Musicalarue’: French street music festival kicks off amid strict Covid-19 restrictions
  • PM announces COVID restrictions exit strategy and hopes for 70% vaccination by 2022 | 7NEWS
  • PM believes new vaccine targets are “absolutely achievable” | Coronavirus | 9 News Australia
  • Sydney coronavirus outbreak numbers show that a lot of young people are getting COVID-19 | 7NEWS
  • In This Story: Jamaica

    Jamaica, a Caribbean island nation, has a lush topography of mountains, rainforests and reef-lined beaches. Many of its all-inclusive resorts are clustered in Montego Bay, with its British-colonial architecture, and Negril, known for its diving and snorkeling sites. Jamaica is famed as the birthplace of reggae music, and its capital Kingston is home to the Bob Marley Museum, dedicated to the famous singer. 

    3 Recent Items: Jamaica

  • Can slavery reparations dismantle systemic racism? | The Stream
  • Raheem Sterling’s Old School Emotionally Celebrates His England Euro 2020 Journey | Lorraine
  • Levi Roots on finding success against the odds
  • Leave a Comment