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Sri Lanka & 53 poor nations urgently need debt relief: UN - newsfirst.lk - Sri Lanka - Washington - county Geneva
newsfirst.lk
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Sri Lanka & 53 poor nations urgently need debt relief: UN
COLOMBO (News 1st) – Cascading global crises have left 54 countries including Sri Lanka – home to more than half of the world's poorest people — in dire need of debt relief, the UN said Tuesday (11).In a new report, the United Nations Development Programme warned that dozens of developing nations were facing a rapidly deepening debt crisis and that "the risks of inaction are dire".UNDP said without immediate relief, at least 54 countries would see rising poverty levels, and "desperately needed investments in climate adaptation and mitigation will not happen".That was worrisome since the affected countries were "among the most climate-vulnerable in the world".The agency's report, published ahead of meetings of the International Monetary Fund, the World Bank, and also of G20 finance ministers in Washington, highlighted the need for swift action.But despite repeated warnings, "little has happened so far, and the risks have been growing," UNDP chief Achim Steiner told reporters in Geneva."That crisis is intensifying and threatening to spill over into an entrenched development crisis across dozens of countries across the world."The poor, indebted countries are facing converging economic pressures and many find it impossible to pay back their debt or access new financing.'Volatility'"Market conditions are shifting rapidly as a synchronised fiscal and monetary contraction and low growth are fuelling volatility around the globe," UNDP said.The UN agency said debt troubles had been brewing in many of the affected countries long before the Covid-19 pandemic hit."The rapid build-up in debt over the past decade has been consistently underestimated," it said.The freeze on debt repayment during the Covid crisis to lighten their burden
Joe Biden - John Carney - Greg Abbott - Kamala Harris - Delaware readies for possible plane full of migrants being sent from Texas - fox29.com - Washington - state New Jersey - state Delaware - city Washington - state Texas - Venezuela - Georgetown, state Delaware
fox29.com
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Delaware readies for possible plane full of migrants being sent from Texas
GEORGETOWN, De. - A small Delaware airport was flooded on Tuesday with state leaders and local non-profit organizations in preparation for a possible plane full of migrants being sent from Texas. Delaware Costal Airport in Georgetown was reportedly the latest destination for migrants being shipped by southern Republican governors to northern Blue states. This comes just days after Texas Governor Greg Abbott sent two buses with about 100 migrants to Vice President Kamala Harris' residence at the Naval Observatory in Washington D.C.Some who were at the airport on Tuesday believe that the sending migrants northbound is part of a political stunt being carried out by Republican leaders ahead of the midterm elections. MORE ON IMMIGRATION"They’re using our people for political stunts, It’s just sad and tragic," Rossana Arteaga-Lopenza from non-profit Casa de Venezuela Delaware told FOX 29. Earlier this year, Abbott announced new directives as part of the state's border security efforts, including an order that directs the Texas Division of Emergency Management to charter buses of migrants to Washington D.C. Philadelphia officials began preparing to receive buses of migrants if Abbott targeted the city, but Delaware, where President Joe Biden grew up and attended college, looks to be the next destination.The normally quiet runway at Delaware Costal Airport was abuzz on Tuesday amid reports of a possible plane full of migrants from Texas.
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