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Panels Seek Ways to Avoid Global Post-COVID Recovery That Leaves Some Behind, as Forum on Financing for Development Continues
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ECOSOC/7036
The Economic and Social Council continued its annual Forum on Financing for Development today, holding two interactive panel discussions, during which speakers proposed potential solutions to COVID-19’s devastating impact on infrastructure investment lagging even before the novel coronavirus struck and sought ways to avoid a global post-pandemic recovery that leaves some behind.
Munir Akram (Pakistan), President of the Economic and Social Council, opened the meeting by emphasizing the global need for increased investment in sustainable infrastructure to meet development goals. Noting the untapped potential of the private sector to that end, he suggested that the upcoming investment fair based on the Sustainable Development Goals which will allow Governments to present specific projects and concrete opportunities to the investor c
Sparks are shown flying up as a worker produces engineering equipment for export at a factory in Nantong in China’s eastern Jiangsu province. Factory prices in China climbed further in March, growing at the fastest pace in more than two years, official data showed last week backed by a rise in commodity prices and the country’s economic recovery from Covid-19. AFP
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Experts at a webinar on Saturday feared that the China-Pakistan Economic Corridor (CPEC) might become a debt trap if the authorities did not efficiently actualise the targets of the game-changer initiative. File photo
ISLAMABAD: Experts at a webinar on Saturday feared that the China-Pakistan Economic Corridor (CPEC) might become a debt trap if the authorities did not efficiently actualise the targets of the game-changer initiative.
Institutions, experts and the public at large are still unclear about the scope and targets of CPEC where the Pakistan government has committed billions of dollars to pool in on high rates of interest.
They said a fact-based narrative building is very important while the enemies and unwise friends are spreading rumours for their own vested interests and to malign the CPEC initiatives. A one-window operation shall be the backbone of the agricultural and industrial phase of CPEC which should be handled by the relevant and expert human resource.