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U.S. President Joe Biden's administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the go-it-alone approach of Donald Trump.
Kerry was among world leaders who converged virtually on the Netherlands for the summit seeking to galvanize more action and funding to adapt the planet and vulnerable communities to the effects of climate change.
“We saw the heat waves. We saw the fires. We saw the (melting) Arctic,” top NASA climate scientist Gavin Schmidt said earlier this month about the effects of the warming. Adaptation is not an option, it is an urgent task for this generation and those to come,” Chile President Sebastián Piñera said in a video message.
The Netherlands-based Global Center on Adaptation last week called on governments and financers around the globe to include funding for adaptation projects in their COVID-19 recovery spending.
Chad has officially requested a debt restructuring, the first country to do so under a new common framework hammered out last year by China and other Group of 20 countries with the help of the Paris Club, the International Monetary Fund said on Wednesday.
Creditors to begin talks soon - IMF Chad’s total debt exposure around $3 billion (Adds IMF comment on talks starting, debt data)
WASHINGTON, Jan 27 (Reuters) - Chad has officially requested a debt restructuring, the first country to do so under a new common framework hammered out last year by China and other Group of 20 countries with the help of the Paris Club, the International Monetary Fund said on Wednesday.
An IMF official said official creditors would soon begin discussions on what will be the first test of the new framework and whether China, the world’s biggest official creditor, and private sector creditors would participate as agreed.