Over 300 lawmakers from around the world on Wednesday urged the International Monetary Fund and World Bank to cancel the debt of the poorest countries in response to the coronavirus pandemic, and to boost funding to avert a global economic meltdown.
FILE PHOTO: Democratic U.S. presidential candidate Senator Bernie Sanders speaks during the 11th Democratic candidates debate of the 2020 U.S. presidential campaign, held in CNN's Washington studios without an audience because of the global coronavirus pandemic, in Washington, U.S., March 15, 2020. REUTERS/Kevin Lamarque
Widespread shutdowns aimed at containing the virus are taking a huge toll on the global economy, and especially poor countries with weak health systems, high debt levels and few resources to manage the dual health and economic crises. Cancelling the debt of the poorest countries was “the very least that the World Bank, IMF and other international financial institutions should do to prevent an unimaginable increase in poverty, hunger, and disease that threatens hundreds of millions of people,” he said.
In the letter, parliamentarians from two dozen countries on all six continents, said debt service obligations of the poorest countries should be cancelled outright, instead of simply suspended, as agreed by the Group of 20 countries in April.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
I sold my house and left to travel the world, right before COVID-19 - Business InsiderMy husband and I quit our jobs, sold our house, and had just started traveling the world when the coronavirus pandemic struck. Here's how I'm rebuilding my life under quarantine. (by CherylRodewig)
Lire la suite »
Glossier's New Product is Good for the World, And Your HandsThe brand moves forward with a donation to healthcare workers and a community-first campaign.
Lire la suite »
Runner’s World+ Member: Stacey WoodwardMeet Runner's World+ member Stacey Woodward. “I started running in my 20s. Then in my 30s, I took on more distance challenges and ran my first marathon. Now in my 40s, it helps me cope with a son fighting a life threatening genetic disease.'
Lire la suite »
Coronavirus epidemic could deal mortal blow to Spain's struggling bullfighting worldUsually at this time of year Madrid's Las Ventas bullring is packed as matadors take on lethal half-tonne bulls in daily fights during the annual San Isidro festival.
Lire la suite »
How Surfing World Champ Carissa Moore Stays Motivated When All Bets Are OffReigning world champion Carissa Moore talks surfing, training, scrapbooking, and giving back during the coronavirus pandemic.
Lire la suite »
Gardeners' World dog Nigel dies with presenter Monty Don leading tributesPresenter Monty Don paid a heartfelt tribute to this beloved pooch on Twitter
Lire la suite »