You are the news now

THE NEWS COMMENTER

VOTE  (0)  (0)

225 VIPs urge world powers to adopt $2.5 trillion COVID plan

Added 06-02-20 12:03:02am EST - “More than 225 current and former global VIPs urged the world's 20 major economic powers on Monday to hold an urgent meeting to agree to a $2.5 trillion plan to tackle COVID-19 and launch an economic recovery from the pandemic, especially…” - Washingtontimes.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Washingtontimes.com: “225 VIPs urge world powers to adopt $2.5 trillion COVID plan”. Below is an excerpt from the article.

UNITED NATIONS (AP) - More than 225 current and former global VIPs urged the world’s 20 major economic powers on Monday to hold an urgent meeting to agree to a $2.5 trillion plan to tackle COVID-19 and launch an economic recovery from the pandemic, especially for hard-hit developing and middle-income countries.

They said in a letter that these poor and middle-income countries, which represent nearly 70 percent of the world’s population and approximately one-third of global GDP, demand immediate action. Over 100 countries have approached the International Monetary Fund for help a, they said, and more are expected to do so.

Without action from the G20, the prominent global figures warned that the recession caused by the pandemic will deepen, hurting all economies, “and the world’s most marginalized and poorest peoples the most.”

TOP STORIES Univ. of Alabama professor instructs rioters on how to tear down monuments George Soros, 89, is still on a quest to destroy America Celebrities blasted for donating to protester bail fund as rioting, violence escalate

They said the G20 nations, currently led by Saudi Arabia, represent 85 percent of the world’s nominal GDP and have “the capacity to lead the mobilization of resources on the scale required.”

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

CLICK TO SHARE

BACK TO THE HOME-PAGE