Statement, April 2020
South Centre Statement to the Ministers and Governors Meeting of The Intergovernmental Group of Twenty-Four (G24)
The COVID-19 pandemic is not only a major health calamity with mounting humanitarian costs but also the biggest economic crisis since the Second World War. Immediate debt relief is needed for poor countries with unsustainable debt. The global pandemic requires a global solution and solidarity.
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This article was tagged: Capital Flows, Commodities, Coronavirus, COVID-19, Debt Sustainability, Economic Crisis, Emerging and Developing Economies (EDEs), Financial Crisis, Foreign Direct Investment (FDI), International Monetary Fund (IMF), Least Developed Countries (LDCs), Micro Small and Medium-sized Enterprises (MSMEs), Multilateral Development Banks (MDBs), Nation State, Pandemic, Public Health, South-South Cooperation, Special Drawing Rights, Sustainable Development Goals (SDGs), Tax Policy, Trade, United Nations Conference on Trade and Development (UNCTAD), World Bank