Search Results  for : "FINANCE"

UN Secretary-General António Guterres told leaders at a pledging conference for Yemen that the humanitarian community was now in a “race against time” with reports indicating that the mortality rates from COVID-19 in Aden “are among the highest in the world” adding that this is “just one sign of what lies ahead, if we do not act now.” UNIFEED

United Nations Secretary-General, António Guterres; along with Prime Minister of Jamaica, Andrew Holness; and Prime Minister of Canada, Justin Trudeau briefed reporters following the High-Level Event on Financing for Development in the Era of COVID-19 and Beyond. UNIFEED

UN chief António Guterres said despite all the technological and scientific advances made recent decades, “we are in an unprecedented human crisis because of a microscopic virus” demonstrating our fragility and called on world leaders “to respond with unity and solidarity.” UNIFEED

The International Monetary Fund (IMF) supports ongoing dialog between Argentina and its creditors as that country deals with its debt burden, spokesman Gerry Rice said in a virtual news briefing in Washington, DC. IMF

UN Special Representative for Somalia James Swan said the consequences of the COVID-19 pandemic are “acute” as the country also faces “its worst desert locust infestation in some 25 years.” UNIFEED

Under-Secretary-General for Political and Peacebuilding Affairs Rosemary Anne DiCarlo, told the Security Council that “there is heightened concern” regarding the standoff "and the absence of any serious negotiations between the main political parties in Venezuela, especially amid potentially far-reaching effects of the COVID-19 pandemic.” UNIFEED

International Olympic Committee (IOC) President Thomas Bach announced a USD 800 million aid envelope that will cover the costs of the postponement of the Olympic Games Tokyo 2020 until the summer of 2021 and also to support International Federations (IF), National Olympic Committees (NOC) and the IOC-Recognised Organisations during the Coronavirus pandemic. IOC

Speaking at the UN's Economic and Social Council (ECOSOC) informal briefing entitled “Joining Forces: Effective Policy Solutions for Covid-19 Response,” the Deputy Secretary-General, Amina Mohammed, said that, now more than ever, people and countries everywhere rely on the United Nations (UN) to rise to the challenges of this global pandemic. UNIFEED

The International Monetary Fund (IMF) has already authorized financial assistance for 50 member countries during the COVID-19 pandemic, according to its spokesperson Gerry Rice. IMF

The Chief Operating Officer of the International Finance Corporation, Stephanie Von Friedeburg, expressed concern about the effects of the COVID-19 pandemic on the global economy and said, “we have already seen somewhere in the range of 100 billion dollars leave emerging markets” since the beginning of January. World Bank