Addressing a high-level meeting of the General Assembly on debt sustainability, António Guterres outlined the crippling impact of debt on developing economies. “No example of the international financial architecture’s failure is more glaring than its handling of debt. The last four years have been nothing short of a debt disaster,” he said. He noted that…
Presenting the latest UN report on the issue, Amina Mohammed called for “a surge in investment” and reform of the international financial system to rescue the Sustainable Development Goals (SDGs) which are woefully offtrack. World leaders adopted the 17 SDGs nearly a decade ago and they include ending extreme poverty and hunger, ensuring availability to…
They live in the village of Ankilinanjosoa in Anosy, a region which has suffered a series of droughts leading to the failures of multiple harvests. Twenty-five women formed a grower’s association which has access to water as part of a project supported by the UN Children’s Fund (UNICEF). Tenefo Votsirasoa is a member of a…
António Guterres said the world, particularly developing countries, is facing “a perfect storm”, with growing inequalities, climate chaos, conflicts and hunger. Meanwhile, fiscal space is tightening for many, with crushing debt burdens and skyrocketing prices. “This is a recipe for global instability and suffering,” he said, speaking from Santiago, Chile. Support for SDG Stimulus The…
File photo Prince Harry and Meghan Markle, who have split from the British royal family, are under a lot of pressure to live up to the expectations of their fans as they face serious financial difficulties. Harry and Meghan are struggling to maintain their contracts after losing their partnerships with popular audio streaming service Spotify…
That’s the message from UNAIDS, the UN agency dedicated to ending the epidemic, which said on Thursday that truly eradicating it boils down to a “political and financial choice”. The agency’s Executive Director, Winnie Byanyima, said that today’s leaders have the opportunity to save millions of lives and be “remembered by future generations” as those…
The Austrian newspaper Wiener Zeitung was first published in 1703. Photo: File Vienna: The daily publication of the world’s oldest newspaper, which had been running continuously for 320 years, has been discontinued. According to the world news agency, the Austrian newspaper Wiener Zeitung is called the oldest newspaper in the world. For 320 years, this…
Speaking at the Paris Finance Summit, Mr. Guterres said many African States were spending more on debt repayments than on desperately needed healthcare, and that over 50 countries were either in default or “dangerously” close to it. The UN chief called for a debt relief mechanism that supports payment suspensions, longer lending terms and lower…
Chronic underfunding over the past decade, and resultant severe austerity measures, mean UNRWA is already operating with a $75 million shortfall, putting its lifesaving programmes across the Middle East at risk. “As I address you today, I do not have the funds to keep our schools, health centres and other services running as of September,”…
Delivering remarks at a forum on reform held during the Spring Meetings of the International Monetary Fund (IMF) and the World Bank, she called for course correction now – the halfway point to achieve the goals by 2030. In recent years, developing countries have been battered by soaring energy and food costs, the climate emergency,…
