UN chief urges debt relief extension for middle-income countries

Workers in a garment factory in Bangladesh (Photo via ILO)
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(United Nations News) Innovative measures to address debt are required to help the world’s more than 100 middle-income countries expand their economies and exit the COVID-19 pandemic, UN Secretary-General António Guterres told the General Assembly on Thursday. 

Addressing a high-level meeting on these nations, which account for more than half of the UN’s 193 Member States, he underlined the need for financing to help them recover in the wake of the global crisis. 

He said that middle-income countries should have their debts suspended into 2022 to cope with the social and economic impact of the virus. 

Read more at: United Nations News

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