UNITED NATIONS: A 10-point plan for immediate action was delivered to the UN General Assembly by Prime Minister Imran Khan on Thursday, underscoring the steps the international community wants to take to defeat the Covid-19 pandemic.
A plea for debt suspension before the end of the pandemic for the low-income and most impacted countries is the first thing on his agenda.
The second is the planned “cancellation of the debt of least developed countries” who are no longer able to repay their debts.
Other issues on the agenda include the reduction of the public sector debt of other developed countries under the negotiated inclusive multilateral framework; the general allocation of $500 billion of special drawing rights; the extension of concessional finance by multilateral development banks to lower-income countries; and the establishment of a new ‘liquidity and stabilization facility’ to provide a new ‘liquidity and sustainability facility’.
The agenda also provides a reminder to rich nations to meet 0.7% of their official commitment to development assistance and to leverage the required annual contribution of $1.5 trillion in sustainable infrastructure.
— Prime Minister's Office, Pakistan (@PakPMO) December 4, 2020
Furthermore the Prime Minister encouraged the international community to help reach the negotiated goal of mobilising $100 billion annually for climate change in developed countries.
He also called for urgent measures to avoid the huge illegal financial outflows into offshore tax havens, from developed countries to wealthy countries.
Mr Khan has demanded that properties looted by crooked officials and criminals be returned to these countries immediately.
On Thursday, as suggested by President Ilham Aliyev of Azerbaijan, chairman of the non-aligned movement, the UN General Assembly held a special session on the Covid-19 pandemic.
Prime Minister Khan described the Covid-19 pandemic as the most serious global crisis since the Second World War” in his address to the conference.
Approximately 65 million people have been infected with the virus and around 1.5 million have been killed.
Today marks a moment of reckoning that is overdue and desperately needed. This time last year, none of us could have expected what was to come,’ said the President of the General Assembly, Volkan Bozkir, at the start of the two-day conference.
UN Secretary-General António Guterres said that the global reaction to crises like this is time to reset”. “We have to seize the opportunity for change as we build a strong recovery,” he said.