UN Deputy General Secretary Amina Mohammad recently named the ‘Debt Crisis Deal: Six steps to activate sustainable financing’.
The report, prepared by the UN Secretary -Genral of O expert group, confirmed the promises presented at the Fourth International Conference (FFD 4) that finances for finance for Sevier development in Spain are about financing for development.
A crisis increases its opportunity
Amina Mohammed published the report, “Orrows are important for development”, but today, “ORRO is not proven to be a profitable agreement for many developing countries. More than two-thirds of low-income countries are either on the debt or at high risk.”
UN Trade and Development Organization (UNCTAD) Chairman Ribka Greece warned that the crisis was rapidly increasing its opportunity.
Compared to the expenditure on the health or education sector, the world now lives in this national country who spend more money on Debt to pay interest. This amount is more than 10 crore more than the previous year.
Developing countries have increased $ 74 billion in a year, which has increased from $ 847 billion to $ 921 billion.
Future
The report presented 5 national activities that are both technically and politically possible.
These recommendations come to two main goals: meaningful debt relief and prevent future crisis.
In it, three levels of verbs have been identified:
At the multilateral level: Increase the flow of money on the system with target support for low -income countries.
In the international level: Establish a platform to connect directly for Loans and Loans.
National level: Enhance institutional capabilities, improve policy coordination, manage interest rates and strengthening risk management.
“These are eleven proposals that can be taken and able to make them real,” said Rebecca Greece.