Categories: Infectious Disease

UN wants World Bank, IMF to provide more support to states hit by coronavirus

United Nations, Sept. 24, 2020 (Sputnik/Naija247news) UN Secretary-General Antonio Guterres, on Thursday, asked that the World Bank and the International Monetary Fund (IMF) should provide enhanced access to facilities and tools to countries impacted by the novel coronavirus pandemic.

Guterres said this during a Security Council meeting.

“We need the World Bank and the International Monetary Fund to support member countries through enhanced access to facilities and tools,’’ Guterres said.

“Network multilateralism must extend beyond peace and security, encompassing the Bretton Woods institutions, development banks, trade alliances and more.’’

Guterres pointed out that the pandemic had highlighted multiple vulnerabilities worldwide, including increased humanitarian needs, and reversed decades of progress on sustainable development.

Meanwhile, the international community is not keeping pace with the world as it is, Guterres added.

The UN chief said countries around the world must unite in promoting multilateral institutions that are ready to react to the range of challenges the pandemic has put forth.

“We have no choice: either we come together in global institutions that are fit for purpose or we will be crushed by deviousness and chaos,’’ Guterres said.

Naija247news Media, New York

Naija247news.com is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Recent Posts

Israel carries out 35 strikes on Syria in 2020 – Group

Beirut, Nov. 23, 2020 (dpa/Naija247news) A monitor group on Monday says Israel has carried out…

3 hours ago

PDP mourns party chairman in Sabuwa LG, Katsina

By Emmanuel Oloniruha Abhja,Nov. 23, 2020 The Peoples Democratic Party (PDP) has expressed sadness over…

3 hours ago

How far Oil Prices Can Go In 2021?

Progress in vaccine development and expectations that OPEC+ will decide in less than two weeks…

3 hours ago

Gov. Lalong declares NAFEST 2020 open, urges efforts to boost economy through Arts and Culture

By Martha Agas Jos, Nov. 23, 2020Gov. Simon Lalong of Plateau on Monday declared open…

3 hours ago

Mauritania: Terrorist group in Sahel appoints new leader for Al Qaeda

Nouakchott, Nov. 23, 2020 (PANA/Naija247news) Al Qaeda in the Islamic Maghreb (AQIM), a terrorist link…

3 hours ago

Air pollution remains environment health hazard in Europe – Watchdog

Copenhagen, Nov. 23,2020 (Xinhua/Naija247news) Air pollution remains a leading cause of premature deaths across Europe…

4 hours ago