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No more excuses; Guterres calls for ‘revolution of support’ to aid world’s least developed countries
Three years after the world began its epic struggle against COVID-19, the least developed countries (LDCs) – already grappling with severe structural impediments to sustainable development and highly vulnerable to economic and environmental shocks – have found themselves stranded amid a rising tide of crisis, uncertainty, climate chaos and deep global injustice. “Systems are stretched or non-existent – from health and education to social protection, infrastructure, and job creation. And it is only getting worse,” Secretary-General António Guterres told the Fifth UN Conference on the Least Developed Countries, known as LDC5, taking place in the Qatar capital from 5 to 9 March. He said that the global financial system, created by wealthy…
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U.S. to Push Debt Relief, Ukraine Aid at G20 Finance Meeting in India
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen will journey to India subsequent week for G20 finance meetings that will target on unblocking distressed-nation financial debt restructuring, boosting assist for Ukraine and reforming multilateral enhancement banks. Yellen will be a part of fellow G20 finance ministers and central financial institution governors in Bengaluru on Feb. 23-25, spanning the very first anniversary of Russia’s invasion of Ukraine. A senior Treasury formal advised reporters on Friday that Yellen would acquire each possibility to criticize Russia’s steps and to function with allies to attempt to mitigate spillovers that the conflict has brought about, such as addressing food items insecurity and high energy rates. Yellen…
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