UN Secretary General presented a plan from 11 steps to get out of the debt crisis

According to the UN, 3.4 billion people in the world today live in countries where debt service costs exceed state investments in healthcare or education. UN Secretary General presented a plan from 11 steps to get out of the debt crisis Economic development ~ 60 > UN Secretary General Antoniu Guterrish presented a new report on Friday with a set of specific recommendations aimed at overcoming the global debt crisis. A document called “Countering the debt crisis: 11 actions to ensure sustainable financing” published on the eve of the fourth international development financing conference that starts on June 30 in Seville. ~ 60 >According to the UN, 3.4 billion people in the world today live in countries where debt service costs exceed state investments in healthcare or education. The report emphasizes that two -thirds of low income countries are under a high threat of debt instability or are already experiencing a crisis. & Amp; NBSP; “The modern global debt system is unstable, unfair and unbearable: government spend more debts than health and education taken together, the General Secretary said. – These 11 proposals that can be realized now are able to help solve the debt crisis, expand the capabilities of borrowing countries and create a more fair system. ”& Amp; nbsp; read also: ~ 60 > explain | What is the financing of development ?~ 60 > report was prepared by a group of experts of the General Secretary for Debt with the participation of the UN Conference on Trade and Development (UNKTAD), the UN Department of Economic and Social Affairs, the UN Development Program and Regional Economic Programs and Regional Economic commissions. recommendations are grouped in three key areas: reform of the multilateral financial system, deepening cooperation and providing technical assistance to borrowing countries, as well as measures at the national level aimed at strengthening debt management and improving the quality of financial planning. & nbsp; in particular, the UN Calls: normalize the suspension of debt payments in a crisis, including climatic disasters or external shocks; ~ 60 > reform the debt stability mechanism; ~ 60 > 62 ~ reproduction and reproduce existing funds to mitigate pressure on the countries; create The platform for the exchange of knowledge between the landowners and expand the technical support of their treasury; ~ 60 > reduce transaction costs and increase the efficiency of debt swaps and other innovative financial tools. 60 ~/UL ~ 62 & nbsp; A separate emphasis is on preparation for the implementation of the conference decisions, which will be held in Seville from June 30 to July 3. It is expected that it will be accepted by the “Seville compromise” – an intergovernmental final document that opens the way to create a new architecture of stable development financing. & Amp; NBSP; experts are headed by the UN special envoy to the agenda on the period of the period until 2030 Mahmud Mojheddin. Among the co-chairs are the former EU Commissioner Paolo Gentloni, ex-Minister of Finance South Africa Trevor Manuel and a senior researcher at the University of Boston, Jan Van. & Amp; NBSP; conference in Seville, according to the organizers, will be the beginning of a new stage of collective actions in the field of financing. Countries and partners will present ambitious obligations and decisions within the framework of the “Seville Action Platform”, which will allow you to move from words to business.

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