Tuesday, 18 May 2021, 01:25:08 am
Pakistan calls for developing global partnerships to defeat Covid-19 pandemic
May 04, 2021

Pakistan's Permanent Representative and President of United Nations Economic and Social Council, Munir Akram has said if ever there was need for partnership, it is now to defeat the Covid-19 pandemic.

In his opening remarks to the virtual 2021 ECOSOC Partnership Forum 'Partnership as a game changer for a sustainable recovery from Covid 19', he said defeating the pandemic is the top priority, which calls for universal and equitable access to vaccines and related materials, equipment and technologies.

Munir Akram said countries also must work together to prevent millions from descending into extreme poverty and destitution.

He said this means helping the poorest people with direct and indirect economic support and social safety nets by providing the poorest countries with fiscal space through debt relief, emergency grants and concession financing to save lives and livelihoods.

The ECOSOC President said pandemic recovery also must be sustained and for that developing nations will need around $4.3 trillion to not only recover from the pandemic but to get back on the path to sustainable development.

He said global partnerships must help to promote financing solutions such as debt restructuring, low-interest loans and greater foreign investment. 

He called for redressal of the structurally induced economic and social inequalities among and within nations.