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head of the un search ‘debt swaps for Pakistan

KARACHI:

UN Secretary-General António Guterres said the UN will strongly advocate for ‘debt swaps with the IMF and the World Bank, through which developing countries like Pakistan instead of payment debt foreign creditors will be able use what money invest in climate resilience, investments in sustainable infrastructure and green transition of their economies.

He said, “We’ll go on strongly in favor of for these solutions in meetings with the IMF and the World Bank, which will place soon. As well as, also in G-20 meeting.

He stated this during a conversation with media faces on his arrival at Karachi airport on Saturday. PPP Chairman and Foreign Minister Bilawal Bhutto Zardari, Federal Minister for Planning, development and special initiatives Ahsan Iqbal and Sindh Chief Minister Syed Murad Ali Shah among others were also gift on happening.

The head of the UN said he was strongly in favor of what they could call ‘debt swaps,” which was exactly what Pakistan needed. “Instead of of pay debts, be able to invest that money in what the country demands,” he said.

Guterres urged international community to scale up them support for in flood-hit Pakistan.

“We see here in Pakistan, nature catches the eye back with devastating consequences. I have seen many disasters in in world but i’ve never seen climate slaughter on these scales, added.

“I just don’t have words to describe what I saw today,” the UN chief said.

He also said families lost their homes and farmers lost their crops and livestock.

“The most emotional moment for during this visit I had to listen group of women as well as men who donated their property, so there may be a possibility of salvation,” he said.

See also: unimaginable flood devastation, says UN Secretary General during a visit to Sukkur

UN secretary-general further said: “Poor people touched me deeply. I want pay tribute to the gigantic efforts of Pakistani authorities, civil and military, national and regional.

Mass and urgent financial support for Pakistan was need of hour, he said, adding that it was not a question of solidarity, generosity, but that’s the question of justice.

Pakistan pays price of what I saw, what was created by others. Changing of the climate caused human activity is super charging storms and catastrophes, he added.

The head of the UN said that burning of fossil fuel eaten up Our planet. G-20 countries are responsible for 80 percent of emissions.

He said that everything countries with G-20 leading in a way to raise them national emission reduction targets every year until a temperature limit of 1.5 degrees Celsius is guaranteed.

“I demanded very clearly that world should take the program seriously of in- deep relief for development countries including middle income countries like Pakistan who on facet of extremely difficult financial situation”.

See also: UN Secretary General visits Mohenjo-Daro, assures support for preservation

It is essential to create new mechanism, he said. Guterres said he was rich countries must step up adaptation finance.

PPP Chairman and Foreign Minister Bilawal Bhutto Zardari said: “We are all incredibly saddened.”

He said September was the busiest month for head of the UN with The UN General Assembly, which will be held at the end of this month.

“Secretary General took out it’s time to visit Pakistan in person in Nowadays of difficulty and became a witness first-manual emptying that was caused catastrophic monsoon rains that we faced for many months.”

Bilawal said the head of the UN had spent the previous day in Islamabad, receiving briefings from national flood response center. And today, together with with Prime Minister Shehbaz Sharif: “We accompanied secretary-general visit flood-hit areas of Balochistan where is he met flood affects, then he visited flood affected areas in Sind”.

He also visited UNESCO world the heritage site of Mohenjo-Daro, which, unfortunately, also suffered from the monsoon rains.

people of Pakistan paid heavily price in the form of their lives and livelihoods, the chairman of the PPP said.

Bilawal said that people of Pakistan contributed less one percent to global carbon footprints. He said the answer to this crisis must be global response.

FROM help of head of the UN, we’re watching forward work with in global community to build better, rehabilitate and rebuild life of our people added.

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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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