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We Need to Level Playing Field Both Creditors and Debtors Should Share Burden

Date Time “We Need to Level Playing Field. Both Creditors and Debtors Should Share Burden” ECLAC’s Executive Secretary participated in the 2021 Forum on Financing for Development, organized by ECOSOC. Debt restructuring and renegotiation as well as debt relief are of both public and private interest at this time of pandemic. “We need to level the playing field between creditors and debtors. Both should share the burden,” Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), stated today during the 2021 Forum on Financing for Development, which is being held this week under the direction of the United Nations Economic and Social Council (ECOSOC).

Alicia Bárcena on Debt Restructuring and Renegotiation at a Time of Pandemic: We Need to Level the Playing Field Both Creditors and Debtors Should Share the Burden | Press Release

Photo: ECLAC Debt restructuring and renegotiation as well as debt relief are of both public and private interest at this time of pandemic. “We need to level the playing field between creditors and debtors. Both should share the burden,” Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), stated today during the 2021 Forum on Financing for Development, which is being held this week under the direction of the United Nations Economic and Social Council (ECOSOC). The high-level meeting brought together by virtual means heads of State, ministers and government authorities, prominent specialists from international organizations, as well as representatives of civil society and the private sector, with the aim of advancing a dialogue on solutions for financing the post-COVID-19 recovery and sustainable development on the path to 2030.

Pakistan promoting regional linkages to deal with economic challenges: FM - News Makers

Pakistan promoting regional linkages to deal with economic challenges: FM Foreign Minister Shah Mahmood Qureshi says Pakistan is adhering to the policies of economic diplomacy and promoting regional linkages to deal with the challenges of economic implications. Chairing a high-level meeting regarding corona pandemic, economic diplomacy and regional security in Islamabad on Wednesday, he said, in this context, we have converted our geo-political priorities into geo-economic priorities. He said the corona pandemic has adversely affected the world’s strongest and most powerful economies. The Foreign Minister said international community will have to play its due role to stop grim human rights violations in IIOJK and establishing lasting peace in the region.

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