UN chief calls for debt relief extension for middle-income countries amid COVID-19

United Nations Secretary-General Antonio Guterres called for more debt relief for middle-income countries to allow them room to recover from the COVID-19 pandemic.

The top UN official underlined the need for financing to help this group of countries, which account for more than half of the UN’s 193 member states, recover in the wake of the global crisis.

He said middle-income countries should have their debts suspended into 2022 to cope with the social and economic impact of COVID-19.

Many were already dealing with mounting debt before the pandemic, which has only further aggravated the situation.

Diversity defines the world’s middle-income countries, which were already home to some 62 percent of the world’s poor prior to the pandemic.

The list includes India, which has a population of more than one billion, and Palau, an archipelago in the middle of the Pacific Ocean with a population of less than 20,000.

Source: https://news.cgtn.com/news/2021-06-18/UN-chief-calls-for-debt-relief-for-middle-income-nations-amid-COVID-19-11bBcUZfUze/index.html

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