ISLAMABAD, April 12 (Gwadar Pro) - Prime Minister Imran Khan will deliver the Opening Statement at the Economic and Social Council (ECOSOC) Forum on Financing for Development (FfD) today. The Forum will be held from 12-15 April 2021 under Pakistan’s Presidency of ECOSOC.
The objective of the Forum is to mobilize adequate financial support to enable the developing countries to recover from the impact of the Covid pandemic and achieve the Sustainable Development Goals (SDGs) and the climate objectives. The Special high-level segment of the ECOSOC Forum is being held in response to a decision of the UN General Assembly.
Prime Minister Imran Khan has been in the forefront of international efforts to provide developing countries with the fiscal space and liquidity to respond to the current Covid induced economic recession. The Prime Minister advanced the “Global Initiative on Debt Relief” for developing countries in April 2020 and, in January 2021, he proposed a 5-point financial action plan encompassing debt relief, creation and redistribution of Special Drawing Rights (SDRs) by IMF, larger congressional assistance, mobilization of climate finance, and end to illicit financial flows from the developing countries.