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Guterres speaks new redemption model for Pakistan – Newspaper

• Offers debt exchange arrangements, calls on global lenders to secure investments in sustainable infrastructure
• Visits flood-hit areas in Sindh, Balochistan; describes the destruction he witnessed as “climatic carnage”.

KARACHI: UN Secretary General António Guterres on Saturday called global financial institutions to create new mechanism for countries like Pakistan for investment in climate resilience and sustainable infrastructure, instead of get stuck in debt redemption.

Mr Guterres, who visited flood-hit areas in Sindh and Balochistan on On Saturday, he called the devastation he witnessed “climate carnage” when he filed an appeal. for “massive and global response” to the deal with changing of the climate.

Turning to media at the Jinnah terminal, concluding his visit, Mr. Guterres said he was very clear in his demand for “debt relief for developing and average income countries like Pakistan who on facet of extremely difficult financial situation”.

“In some cases we already seeing defaults coming… I am strongly in favor of for what we can call debt swaps,” he said, adding that it allow in countries invest in climate resilience and sustainable infrastructure, instead of payment debt.

Previously, Mr. Guterres visited Sukkur, Larkana and Moenjo-Daro. in Sindh and Tehsil Usta Mohammad of Jafferabad district in Balochistan.

Moved by degree of misery and devastation, he said the UN is backing Pakistan and asking other countries to expand support to the country so that it can prepare for in future challenges of changing of the climate.

“It was not about of generosity, but of justice”, he said, emphasizing that international community must be aware of the serious consequences of greenhouse gas emissions as “nature was amazing back” in the form of natural disasters.

He accused developed countries for “affecting global environment as a result in warmer climate, melting glaciers and floods.

“Pakistan has no resources to compensate for loss of life, crops and livestock. Those who created this situation must en masse support country.”

UN chief visits aid camp in Larkana in Quaid-e-Awam University of Engineering, science and technology. He interacted with internally displaced persons, female health workers and other personnel.

AT display of sympathy with flood victims, Mr Guterres said he could understand the suffering and pain over the loss of houses, crops and livestock, since he himself belonged to a farmer family in Portugal

Later, he visited the archaeological site, which is listed as a UNESCO World Heritage Site. of Moenjo Daro where was he also gave detailed instructions.

Prime Minister Shehbaz Sharif and the UN secretary-general also interacted with settlers in a tent city in Usta Mohammed tehsil.

In his briefing, Balochistan Chief Minister Abdul Quddus Bizenjo told the provincial government used everything of its limited resources for rescue, rehabilitation and rehabilitation activities.

Mr Bizenjo added that damage to bridges, roads and railway infrastructure hinders the provision of assistance, as the authorities facing difficulty reach people in in remote areas.

Previously on On Saturday, Mr. Guterres said that Pakistan is paying price for “intransigence” of in developed world who continue to burn fossil fuels.

Mr Guterres, who arrived in country tweeted late on Thursday: “Pakistan and other emerging countries pay terrible price for intransigence of big emitters that keep betting on fossil fuel.”

“From Islamabad I issue global call: Stop the madness. Invest in renewable energy now. end the war with nature,” he added.

Salim Shahid in Quetta, Wasim Shamsi in Sukkur, MB Kalhoro in Larkana, Ali Jan Mangi in Nasirabad and Imran Ayub also contributed to this report

Published in Dawn, September 11, 2022

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Derrick Santistevan
Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

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