In his address at the special two-day session of the United Nations General Assembly (UNGA), Prime Minister Imran Khan presented his 10-points pandemic recovery plan. He said that the COVID-19 has been the most serious threat faced since the second world war.
The PM addressed 141 speakers during the virtual conference, including 53 heads of state, 39 heads of government, four deputy prime ministers, and 38 ministers.
The plan, presented by Imran Khan, is designed to help developing countries from suffering an economic collapse because of the pandemic, and included the following points:
- Debt suspension for low income and most stressed countries till the pandemic ends.
- Cancellation of debt for developed countries.
- Restructuring of the public sector debt of other developing countries under an agreed inclusive multilateral framework.
- A general allocation of special drawing rights of $500 billion.
- Expanded concessional financing to lower-income countries through multilateral development banks.
- Creation of a new ‘liquidity and sustainability facility’ to provide short term loans at lower costs.
- Fulfilment of the 0.7 % official development assistance commitments.
- Mobilising the required $1.5 trillion annual investment in sustainable infrastructure.
- Achievement of the agreed target of mobilising $100 billion per year for climate action in developing countries.
- Immediate action to stop the massive illicit financial outflows from developing countries to rich countries, to offshore tax havens and at the same time, immediate return of their assets stolen by corrupt politicians and criminals back to these countries.
In the context of developing countries, the PM said:
Developing countries just do not have the resources to afford such a massive economic stimulus … They are struggling to find even a fraction of the $2-3 trillion they require to recover from the pandemic,
The PM ensured that the 10-points to recovery is going to stand correct and help the countries.
It was also mentioned the opening statement from the General Assembly’s president, Volkan Bozkir, were:
Today marks an overdue and much-needed moment of reckoning. None of us could have imagined, this time last year, what was to come,