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Coronavirus: UN chief Antonio Guterres calls for more pandemic debt relief for poorer nations

United Nations Secretary-General Antonio Guterres called on Monday for greater debt relief and new creative financing to help poorer nations deal with the pandemic and prevent their economic recoveries from falling behind.A “new debt mechanism” to provide more options – including debt swaps, buy-backs and cancellations – is needed, he said, as many nations have been reluctant to add debt during the global health crisis, fearing a hit to their credit ratings.Guterres also called on G20 nations…

Read the original article at South China Morning Post

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