Antonio Guterres urges G20 to act on vaccine equity, debt relief
3 years, 5 months ago

Antonio Guterres urges G20 to act on vaccine equity, debt relief

India TV News  

UN Secretary-General Antonio Guterres has urged the G20 member nations to address Covid-19 vaccine gap, provide debt relief to developing economies, and finance climate action. Guterres made the remarks while virtually addressing the third meeting of the G20 finance ministers and central bank governors, which was being held in Venice, Italy, reports Xinhua news agency. He called on the G20 to expand the Debt Service Suspension Initiative and Common Framework for Debt Treatment to include vulnerable middle-income countries and small island developing states. On climate change, Guterres said he was deeply concerned over the lack of progress on public climate financing and once again called on the G20 to mobilise $100 billion annually for developing countries, as agreed to in 2009.

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History of this topic

G20: On climate, debt and digital, Bank and Fund pledge to work together
1 year, 3 months ago

G20: On climate, debt and digital, Bank and Fund pledge to work together

Hindustan Times  

In the run-up to the G20 Leaders’ Summit in New Delhi this weekend, where the reform and strengthening of multilateral development banks is among the top agenda items, the International Monetary Fund and World Bank have warned that the world faces major challenges and shocks and pledged to work together to deliver on climate, debt and digitisation in a structured …

G20 summit may see a breakthrough on health financing
1 year, 3 months ago

G20 summit may see a breakthrough on health financing

Hindustan Times  

Under India’s presidency, the G20 Leaders’ summit is likely to see a breakthrough in the domain of health financing. The G20 Joint Finance-Health Task Force is already looking at optimising pandemic response financing mechanisms. According to the minutes of earlier discussions held between G20 health ministers and shared by the government, the role of the task force is to strive …

G20 finance chiefs meeting in India address global challenges like climate change and rising debt
1 year, 5 months ago

G20 finance chiefs meeting in India address global challenges like climate change and rising debt

Associated Press  

NEW DELHI — Finance ministers from the Group of 20 nations meeting in India on Monday are poised to address critical global economic challenges, including the threats posed by climate change and rising debt among low-income countries. “The world is looking to the G20 to make progress on key challenges like climate change and pandemics as part of our work …

G20 Summit in India opportunity to act on reforming global financial system amid crushing debt crisis: U.N. chief Guterres
1 year, 5 months ago

G20 Summit in India opportunity to act on reforming global financial system amid crushing debt crisis: U.N. chief Guterres

The Hindu  

U.N. Secretary-General Antonio Guterres has said that the G20 Summit to be hosted under India's Presidency provides an opportunity to take action on debt relief and reform the global financial system, as he voiced concern over the "crushing debt crisis" in the world. Mr. Guterres said that because most of these unsustainable debts are concentrated in poor countries, they are …

G20 agrees on debt relief
1 year, 9 months ago

G20 agrees on debt relief

Deccan Chronicle  

NEW DELHI: Despite having some differences over the wording of the Russia-Ukraine war in the summary after the first G20 meeting of the Finance Ministers and Central Bank Governors under India’s presidency, Union finance minister Nirmala Sitharaman on Sunday said that the G20 nations have agreed on language to deal with the debt vulnerabilities of developing countries. Vulnerable nations are …

The G20 must help resolve debt crisis across the world
1 year, 10 months ago

The G20 must help resolve debt crisis across the world

Live Mint  

Debt distress is not merely a macroeconomic problem. As India has assumed the G20 presidency at an uncertain time for the global economy, addressing debt distress, initiating action and devising a coordinated framework for relief would be daunting endeavour.The G20 in 2020 launched a Common Framework which brought creditors such as China and India, along with the IMF, the Paris …

After covid-19, now a pandemic of debt
1 year, 11 months ago

After covid-19, now a pandemic of debt

Live Mint  

The covid-19 pandemic increased low- and middle-income countries’ debt levels to a 50-year high. For low-income countries, the ratio of multilateral debt to total external debt has been around 36.5% over the past decade, compared to 8% for middle-income countries, which depend heavily on costlier private-sector financing. Before covid-19, the main body providing debt relief to low- and middle-income countries …

Failure to vaccinate everyone will give rise to new variants: UN chief
2 years, 11 months ago

Failure to vaccinate everyone will give rise to new variants: UN chief

India Today  

Giving a clarion call to world leaders to make 2022 a "true moment of recovery", UN Secretary-General Antonio Guterres on Monday said that the Covid-19 pandemic has to be confronted with equity and fairness, cautioning that failure to vaccinate every person will give rise to new variants that will bring daily life and economies to a grinding halt. "If we …

G20 leaders to confront energy prices, other economic woes
3 years, 1 month ago

G20 leaders to confront energy prices, other economic woes

Associated Press  

ROME — Leaders of the Group of 20 countries gathering for their first in-person summit since the pandemic took hold will confront a global recovery hampered by a series of stumbling blocks: an energy crunch spurring higher fuel and utility prices, new COVID-19 outbreaks, and logjams in the supply chains that keep the economy humming and goods headed to consumers. …

UN chief to G20: end mistrust to help on climate, vaccines
3 years, 1 month ago

UN chief to G20: end mistrust to help on climate, vaccines

Associated Press  

ROME — U.N. Secretary-General Antonio Guterres on Friday challenged the G-20 leaders to overcome “dangerous levels of mistrust” among themselves and between developed and developing nations to try to avoid “climate catastrophe” as well as narrow an “immoral gap” on global vaccine distribution and pandemic recovery aid. The U.N, chief expressed skepticism about recent pledges, saying “we are still careening …

WHO chief seeks deeper probe into Covid lab leak theory as world leaders make pact to fight future pandemics
3 years, 8 months ago

WHO chief seeks deeper probe into Covid lab leak theory as world leaders make pact to fight future pandemics

India Today  

World Health Organization chief Tedros Adhanom Ghebreyesus on Tuesday urged a deeper investigation into whether the coronavirus outbreak originated with a leak from a lab, as world leaders pushed for a treaty to prepare for future pandemics. World leaders called for a new international treaty to better fight future pandemics and for countries to be ready if -- or when …

Nobel Prize economists call for vaccine equity and debt relief
3 years, 9 months ago

Nobel Prize economists call for vaccine equity and debt relief

Al Jazeera  

Nobel Prize-winning economists Joseph Stiglitz and Michael Spence are spearheading calls for urgent action to help poorer countries recover from the economic ravages of the coronavirus pandemic. Nobel Prize-winning economists Joseph Stiglitz and Michael Spence are spearheading calls for urgent action to help poorer countries recover from the economic ravages of the coronavirus pandemic, including measures to advance vaccine equity, …

Merkel 'Worried' Over Vaccine Rollout for Poorer Nations Despite G20 Fairness Pledge
4 years, 1 month ago

Merkel 'Worried' Over Vaccine Rollout for Poorer Nations Despite G20 Fairness Pledge

News 18  

G20 leaders said Sunday they will “spare no effort” to ensure fair distribution of coronavirus vaccines, but the united front was punctured by Germany’s Angela Merkel who voiced concern about slow progress. At a news conference, Saudi Finance Minister Mohammed al-Jadaan emphasised that there was consensus among G20 nations that “if we leave any country behind, we will be behind”. …

G-20 summit ends with support for COVID-19 vaccines for all
4 years, 1 month ago

G-20 summit ends with support for COVID-19 vaccines for all

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Leaders of the world's most …

G20 leaders pledge to fund fair distribution of COVID-19 vaccines, says draft statement
4 years, 1 month ago

G20 leaders pledge to fund fair distribution of COVID-19 vaccines, says draft statement

The Hindu  

Leaders of the world's 20 biggest economies on Sunday will pledge to pay for a fair distribution of COVID-19 vaccines, drugs and tests around the world so that poorer countries are not left out, and to extend debt relief to them, a draft G20 communique showed. “We will spare no effort to ensure their affordable and equitable access for all …

G20 leaders to discuss Covid recovery plan, vaccine distribution on Saturday; back debt relief
4 years, 1 month ago

G20 leaders to discuss Covid recovery plan, vaccine distribution on Saturday; back debt relief

India Today  

The leaders of the 20 biggest world economies are scheduled to meet on Saturday to discuss how to deal with the unprecedented coronavirus pandemic that has caused a global recession, the post-pandemic world and how to manage the recovery of the economies once the coronavirus is under control. "The main theme will be to step up global cooperation to address …

Need Further Efforts by G-20 Countries to End Covid-19 Crisis: FM Nirmala Sitharaman
4 years, 1 month ago

Need Further Efforts by G-20 Countries to End Covid-19 Crisis: FM Nirmala Sitharaman

News 18  

Finance Minister Nirmala Sitharaman on Friday emphasised the need for further efforts by the G-20 countries to end the COVID-19 crisis, and highlighted affordability as well as the accessibility of vaccines for all as a crucial step in this direction. At a virtual meeting on Friday, the finance ministers of G-20 countries, which is a grouping of developing and developed …

Nobel UN food agency warns 2021 will be worse than 2020
4 years, 1 month ago

Nobel UN food agency warns 2021 will be worse than 2020

Associated Press  

UNITED NATIONS — The head of the World Food Program says the Nobel Peace Prize has given the U.N. agency a spotlight and megaphone to warn world leaders that next year is going to be worse than this year, and without billions of dollars “we are going to have famines of biblical proportions in 2021.” David Beasley said in an …

G-20 agrees on framework for more debt relief amid COVID-19
4 years, 1 month ago

G-20 agrees on framework for more debt relief amid COVID-19

Associated Press  

DUBAI, United Arab Emirates — The Group of 20 nations, representing the world’s biggest economies, announced Friday that low-income countries hardest hit by the fallout of the coronavirus pandemic could potentially get an extension on their debt payments beyond mid-2021, and in the most severe cases, a debt write-off. The G-20 statement, released after a virtual gathering of the group’s …

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