G20 Finances: NGOs call for a massive support plan for poor countries
The Managing Director of the IMF is herself in favor of a new allocation of SDRs.
REUTERS - YURI GRIPAS
Text by: RFI Follow
This Friday February 26 is being held by videoconference, under the Italian presidency, the meeting of finance ministers and central bankers of the G20.
On this occasion, more than 200 NGOs around the world are asking the world's major financiers for massive financial support to poor countries so that they can face the consequences of the pandemic.
Two hundred and fifteen NGOs call on the IMF to approve a support plan of 3 trillion dollars to help poor countries in this period of pandemic.
Non-governmental organizations urge G20 members to support this funding that would come from the IMF's new special drawing rights, the SDRs.
It is a financial instrument that countries convert into money.
This initiative should be debated at the meeting of the major funders, but the amount mentioned is much less, it is 500 billion dollars.
Such an allocation, if approved, would, for example, enable
to benefit from around $ 18 billion in liquidity to cover its health needs.
For her part, the leader of the IMF Kristalina Georgieva deplores the inequality in terms of vaccination because it will worsen the lot of the poorest countries.
The Managing Director of the Monetary Fund also urges the members of the G20 to provide particular support to the most vulnerable countries, for example by reducing their debt.
Read also: Covid-19: the pandemic worsens the plight of poor and emerging countries
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