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…
Photo: File Federal Finance Minister Senator Ishaq Dar presented the budget for the financial year 2023-24. During his address in the National Assembly, the Finance Minister initially presented a comparative assessment of Nawaz Sharif’s government and the previous government of PTI. He said that now I present before the honorable House the main points of…
File photo Higher Education Commission (HEC) Chairman Mukhtar Ahmed has said that government universities are currently facing financial difficulties. Talking to Geo News, Chairman HEC said that the Chief Minister has been written to ask universities to contribute to the budget, HEC’s budget has not been increased for 6 years. Mukhtar Ahmed said that 30…
