Tuesday May 24, 2022
اردو
Dialogue Pakistan Dialogue Pakistan
Dialogue Pakistan Dialogue Pakistan
  • Citizen Journalism
  • Pakistan
  • World
  • Sports
  • Entertainment
  • Videos
    • Feature Videos
    • In House Videos
    • Mobile Footage
    • Documentaries
  • More
    • Features
    • Health
    • Sci-Tech
    • Business
    • In Pictures
    • Facebook
News

Covid-19: Imran Khan proposes ten-point agenda at UNGA to avert economic collapse

by Web Desk December 4, 2020

AA

 Covid-19: Imran Khan proposes ten-point agenda at UNGA to avert economic collapse

ISLAMABAD: Prime Minister Imran Khan has proposed a ten-point agenda to world leaders to avert economic collapse due to the Covid-19 pandemic and called for debt suspension, drawing rights of USD $500 billion and return of stolen assets stashed in rich countries.

He was virtually addressing the U.N. General Assembly’s two-day special session on the response to the deadly coronavirus pandemic and forge a united path forward to better recovery, including access to a vaccine.

He said developing countries are facing a dilemma how to stimulate the economy and yet at the same time reduce budget deficit.

Imran Khan said the only way we can have the fiscal space to maintain and revive growth is through access to additional liquidity.

Underlining the need for reforming the international financial architecture, he called for building an inclusive and equitable debt management mechanism, constructing a democratic and SDG-focused trading system, and installing a fair international tax regime.

Besides, the Prime Minister also proposed concessional financing to lower income countries through multilateral development banks; provision of loans at lower costs,  mobilizing 100 billion US dollars per year for climate action in developing countries, and halting of illicit financial outflows from developing to rich countries.

Alluding to the effects of the pandemic, the Prime Minister said the Covid-19 pandemic has infected nearly 65 million people and killed sadly close to 1.5 million.

He expressed hope that whenever the vaccine is available, it must be offered to everyone.

He said we provided a relief package of around 8 billion dollars to support the poor and to keep the economy afloat during Pandemic.

He proposed a ten-point agenda for urgent action, which called for;

  1. Debt suspension till the end of the pandemic for low income and most stressed countries.
  2. Cancellation of debt of least developed countries.
  3. Restructuring of the public sector debt of other developing countries under an agreed inclusive multilateral framework.
  4. A general allocation of special drawing rights of $500 billion.
  5. Expanded concessional financing to lower income countries through multilateral development banks.
  6. Creation of a new ‘liquidity and sustainability facility’, which should provide short term loans at lower costs.
  7. Fulfilment of the 0.7 % official development assistance commitments.
  8. Mobilizing the required $1.5 trillion annual investment in sustainable infrastructure.
  9. Achievement of the agreed target of mobilizing $100 billion per year for climate action in developing countries.
  10. Immediate action to stop the massive illicit financial outflows from developing countries to rich countries, to offshore tax havens and at the same time, immediate return of their assets stolen by corrupt politicians and criminals back to these countries.
Post Views: 158

Share This:

Tags: COVID-19 economic collapse Imran Khan
Previous post
Next post




Polls

Should the release of foreign movies be delayed to help support Pakistani cinema?

View Results

Loading ... Loading ...
Most Recent
News

NIHP issues Monkeypox alert

May 24, 2022
World

Two killed, 120 injured in Abu Dhabi

May 24, 2022
News

Opposition party says ‘hundreds arrested’ ahead of

May 24, 2022
Pakistan

Govt deploys Army for protection of Islamabad’s

May 24, 2022
May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    
Related Stories for you

Govt deploys Army for protection of Islamabad’s Red Zone

May 24, 2022

Federal Interior Minister Rana Sanaullah has deployed the Pakistan Army for the security of the Red Zone in Islamabad, shortly

Imran Khan out to begin ‘civil war’ in Pakistan, says Rana Sanaullah

May 24, 2022

While condemning death of a police constable during a crackdown against PTI leaders and workers, Federal Interior Minister Rana Sanaullah

Coalition Govt decides to stop PTI’s Islamabad Long March

May 24, 2022

A meeting of the political committee was held under the chairmanship of Prime Minister Shahbaz Sharif in which Coalition Government

Dialogue Pakistan

Citizen Journalism is the collection, dissemination and analysis of news by the people for the people especially by the means of internet. Dialogue Pakistan is the country’s first citizen journalism portal to provide Pakistanis an opportunity to get themselves heard aiming to encourage citizen journalism inculcated with ethical values.

Quick Links

اردو
About Us
Advertise
Careers
Contact

Category

Citizen Journalism
Pakistan
World
Sports
Entertainment
Features

Download our APP

Social Platforms

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • Youtube
Copyright 2022.Dialogue Pakistan. All Rights Reserved.