UN / GUTERRES TRUDEAU HOLNESS

29-Mar-2021 00:03:06
Talking to reporters, Secretary-General António Guterres said, “we cannot walk head on, eyes wide open, into a debt crisis that is foreseeable and preventable,” and stressed that “developing countries urgently need access to additional liquidity, to respond to the pandemic, and to invest in a sustainable and inclusive recovery.” UNIFEED
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STORY: UN / GUTERRES TRUDEAU HOLNESS
TRT: 03:06
SOURCE: UNIFEED
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 29 MARCH 2021, NEW YORK CITY / FILE
SHOTLIST
RECENT – NEW YORK CITY

1. Wide shot, exterior, United Nations Headquarters

29 MARCH 2021, NEW YORK CITY

2. Wide shot, Secretary-General António Guterres at dais
3. Wide shot, journalists
4. SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“We cannot walk head on, eyes wide open, into a debt crisis that is foreseeable and preventable. Many developing countries face financing constraints that mean they cannot invest in recovery and resilience. Nor can they access the vaccines that provide the fastest route out of the pandemic. A global vaccination gap threatens everyone, in developing and advanced economies alike. Developing countries urgently need access to additional liquidity, to respond to the pandemic, and to invest in a sustainable and inclusive recovery.”
5. Wide shot, Guterres at the dais
6. SOUNDBITE (English) António Guterres, Secretary-General, United Nations:
“In a global pandemic, we cannot separate economics and health. We are in danger of emerging from COVID-19 with a two-speed world. That is already starting with the unequal distribution of vaccines. If half of the world cannot access vaccines, there is a danger of successive waves of COVID-19 over the next few years. This could undermine the effectiveness of existing vaccines, with a continued devastating impact on lives, livelihoods – and the global economy. If we heed the lessons of the pandemic, we will invest in safety and resilience; in strong global health systems; and in a robust financial architecture for the 21st century.”
7. Wide shot, journalists with Jamaica’s Prime Minister Andrew Holness on screen
8. SOUNDBITE (English) Andrew Holness, Prime Minister, Jamaica:
“While recognizing that many low-income countries are at high risk of debt distress, there are several middle-income countries that are also at risk. Whether they too will fall into distress depends on the depth and duration of the impact of the pandemic. Small Island Developing States, which are heavily reliant on tourism and remittances, are particularly vulnerable. We therefore call for an expansion of the DSSI to include vulnerable middle-income countries that request debt forbearance.”
9. Wide shot, journalists with Canada’s Prime Minister Justin Trudeau on screen
10. SOUNDBITE (English) Justin Trudeau, Prime Minister, Canada:
“There continues to be this instinct even around this pandemic which is undoubtedly a global crisis - a global problem – but people are hunkered down and trying to solve it locally without really understanding that until we solve it globally, there won’t be a solving of it locally, not for real. So, the meetings that we had, leadership that Antonio and Andrew have demonstrated in this initiative, are all about setting the table and putting forward the right conversations so that we are developing the necessary tools to ensure that we get through this, not just as a health crisis, but as an economic crisis as well, all together.”
10. Various shots, end of presser
STORYLINE
Talking to reporters today (29 Mar), Secretary-General António Guterres said, “we cannot walk head on, eyes wide open, into a debt crisis that is foreseeable and preventable,” and stresses that “developing countries urgently need access to additional liquidity, to respond to the pandemic, and to invest in a sustainable and inclusive recovery.”

Following a high-level virtual meeting organized together with the Prime Minister of Canada Justin Trudeau and the Prime Minister of Jamaica Andrew Holness, Guterres said, “many developing countries face financing constraints that mean they cannot invest in recovery and resilience. Nor can they access the vaccines that provide the fastest route out of the pandemic. “

He said, “a global vaccination gap threatens everyone, in developing and advanced economies alike.”

The Secretary-General said, “if half of the world cannot access vaccines, there is a danger of successive waves of COVID-19 over the next few years.” This, he said, “could undermine the effectiveness of existing vaccines, with a continued devastating impact on lives, livelihoods – and the global economy.”

Holness, for his part, said several middle-income countries are at risk of debt distress. He said, “whether they too will fall into distress depends on the depth and duration of the impact of the pandemic.”

Participating via video teleconference, he said Small Island Developing States (SIDS), “which are heavily reliant on tourism and remittances, are particularly vulnerable.”

He called for an expansion of the Debt Service Suspension Initiatives (DSSI)s “to include vulnerable middle-income countries that request debt forbearance.”

Canadian Prime Minister Justin Trudeau told reporters that “people are hunkered down and trying to solve it locally without really understanding that until we solve it globally, there won’t be a solving of it locally, not for real.”

He said today’s initiative is “all about setting the table and putting forward the right conversations so that we are developing the necessary tools to ensure that we get through this, not just as a health crisis, but as an economic crisis as well, all together.”

Today’s meeting follow-ups on a series of meetings and roundtables held last year to mobilize action to assist the economic recovery from the pandemic that resulted in a series of measures by the international community, but still not sufficient to meet the continuing and deepening crisis that many countries face.

The Secretary-General, in the new UN policy brief, calls on governments to provide fresh concessional financing for developing countries, especially LDCs and SIDS, recapitalize multilateral development banks and accelerate the timetable for replenishing the funds, meet ODA commitments and provide long-term financing to developing countries for investment in long-term growth and development.
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