That’s the warning from UN Secretary-General António Guterres on Day Two of the pivotal Fourth International Conference on Small Island Developing States (SIDS4) taking place in the Caribbean twin island nation of Antigua and Barbuda this week. The 39 States known collectively as SIDS have been uniquely vulnerable to the trifecta of COVID – which…
The SDG summit held in New York earlier this week highlighted the disappointing progress made toward achieving the UN’s 17 SDG goals by 2030, said Mr. Kagame. He commended the Secretary-General’s focus on the issue and emphasized that slow progress toward achieving SDGs would exacerbate economic disparities between countries. “This year’s SDG Summit has once again…
United Nations Secretary General Antonio Guterres. File photo The United Nations has released a report on the debt situation of the countries of the world. United Nations Secretary General Antonio Guterres has said that countries with a population of more than 3 billion spend more on debt than on health and education. He said that…
According to a new report by the UN Global Crisis Response Group, entitled A World of Debt, a total of 52 countries – almost 40 per cent of the developing world – are in “serious debt trouble”, Mr. Guterres said, backing calls for them to receive urgent fiscal relief. Last year global public debt reached a record…
Haiti The security situation in Haiti “is appalling,” said UN Secretary-General António Guterres, recalling his recent visit to the fragile nation. He called for swift action at a time when the humanitarian needs are “soaring”. And although “there is not yet the political solution in sight”, the UN chief expressed hope and optimism. “It is…
File photo US debt data has been released, according to which as of June 15, US debt is more than 32 thousand billion dollars. According to reports, the US debt is greater than the annual output of China, Japan, Germany and the United Kingdom, and the US is paying $2 billion a day in interest…
Olivier de Schutter, Special Rapporteur on extreme poverty and human rights, and Attiya Waris, Independent Expert on foreign debt and human rights, have welcomed the proposed New York Taxpayer and International Debt Crises Prevention Act, which is currently under discussion. They urged lawmakers to adopt the draft bill, which compels private creditors to participate in…
US avoids default for first time in history, President Biden signs debt ceiling bill. Yesterday, the US Senate approved the debt ceiling and budget cuts bill. The Finance Department had said that if the Congress did not come to a conclusion by June 5, the Treasury would not be able to pay its bills. The…
The risk of a US default had increased; Photo: File Washington: To save America from default, the government and the opposition party agreed to bring a debt ceiling bill. According to the American Broadcasting Corporation, this decision was made after long negotiations between the ruling party, the Democrats, and the position party, the Republicans. In…
Photo courtesy of Foreign Media A debt ceiling bill was agreed to in order to protect the US from default. According to the American media, the American Democrats and Republicans have agreed on the debt ceiling bill. A vote on the bill to tackle the economic crisis will be held on Wednesday. According to media…
