Morocco’s Permanent Representative to the United Nations Office and International Organizations in Geneva, ambassador Omar Zniber, called, on Monday, for strong support for developing countries in general, and African countries in particular, to help them overcome the socio-economic effects of the Covid-19 pandemic.
“The socio-economic impact of the Covid-19 pandemic presents increased and unforeseen challenges for all developing countries and further aggravates their structural weaknesses,” noted Zniber who was speaking at the second segment of the 67th session of UNCTAD’s Trade and Development Board (General Debate).
In this regard, he called for a coordinated and concerted response to the “urgent circumstances affecting global trade and development in the areas of South-South cooperation, South-South investment and digital and new technology development for all”.
In this context, the ambassador noted that unsustainable debt levels in many developing countries, falling commodity prices and demand, rising inequality, reduced tax revenues, declining travel and tourism revenues, capital outflows, and lack of adequate and sufficient access to financial markets are all factors that seriously undermine their ability to withstand the impact of the Covid-19 shock and to invest in the implementation of Agenda 2030.
It is more imperative than ever for the international community to strengthen international solidarity, joint efforts, multilateral cooperation and partnership with all developing countries, notably in the area of capacity building and technical assistance, to combat and contain this pandemic, he insisted.
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