UN Secretary-General’s Joint Press Conference on High-Level Event on Debt and Liquidity
The UN Secretary-General, in its published Joint Press Conference on High-Level Event on Debt and Liquidity on 29 March 2021, recognized the importance of urgent, bold and decisive action in preventing a foreseeable debt crisis that will have the greatest impact on the poorest people, in the most vulnerable countries.
The need for far bolder steps on the UN’s advocacy for a three-phase approach to debt, such as, a moratorium on debt payments, targeted debt relief, and reforms to the international debt architecture was also emphasized as measures to this global pandemic, with the welcome steps that have been undertaken through fresh financing by International Financial Institutions, the G20’s Debt Service Suspension Initiative, and the Common Framework for Debt Treatments.
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UN Secretary-General’s opening remarks to High-Level Event on Debt and Liquidity [as delivered]
UN Secretary-General’s hybrid Joint Press Conference on High-Level Event on Debt and Liquidity – with the Prime Minister of Jamaica, Andrew Holness, and the Prime Minister of Canada, Justin Trudeau