Press briefing: UN Secretary-General to Launch the World of Debt Report
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English
Description
The Secretary-General said that half the world is sinking into a development disaster, fuelled by a crushing debt crisis. He said some of the poorest countries in the world are being forced into a choice between servicing their debt or serving their people. This is the result of the inequality built into our outdated global financial system, which reflects the colonial power dynamics of the era when it was created.
He added that the report sets out our road map to global financial stability — including through an effective debt workout mechanism that supports payment suspensions, longer lending terms, and lower rates, including for vulnerable middle-income countries.
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MEETING COVERAGE
He added that the report sets out our road map to global financial stability — including through an effective debt workout mechanism that supports payment suspensions, longer lending terms, and lower rates, including for vulnerable middle-income countries.
For further details please see SOURCE below
MEETING COVERAGE
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Parent ID
3069393
Asset ID
3069414