In a virtual address to a high-level UN political forum, he demanded that developing countries provide grants for vaccines.
We expect at least 150 150 billion to be set aside for developing countries he said.
He said that developing countries need at least 3 4.3 trillion to recover from the crisis and for sustainable development. The IMF has proposed the establishment of special drawing rights.
The Prime Minister said that steps were essential to effectively respond to the national and global three-pronged crisis and adequate financial assistance from developing countries would have to be mobilized to address its challenges.
He said that debt restructuring is also an important aspect for Corona-affected developing countries.
He said that the additional reserves of poor countries were far less than the required financial relief and promises of concessions and financial grants for developing countries should be fulfilled.
The Prime Minister said that the pace of investment needs to be accelerated to achieve the Sustainable Development Goals and tackle climate change.
He said that the UN development system could play an important role in viable projects for developing countries. Unfortunately, so far these countries have been able to reach only 5% of the target.
