Iran urges G-24 to provide financial support to developing countries
TEHRAN – The Governor of the Central Bank of Iran (CBI) stressed the need for financial support from developing countries during the pandemic, during a virtual meeting of the Intergovernmental Group of Twenty-four on International Monetary Affairs and Development (G-24) on Monday.
Speaking at the meeting of finance ministers and central bank governors of the G-24, Ali Saleh-Abadi said that strong financial support to developing countries is very important, adding: “We welcome the allocation of $ 651 billion from the International Monetary Fund (IMF) of resources to fight the coronavirus pandemic and accelerate the economic recovery of countries. “
He noted that the priority of this group should be financial and technical support to developing countries to provide them with equitable access to the COVID-19 vaccine.
“The key priority of the G-24 Group is the [COVID-19] vaccination, it is therefore necessary to speed up the production and distribution of [COVID-19] vaccines around the world and ensure that all countries have equitable access to vaccines. “
The official further urged international banks to cooperate to help developing countries overcome the problems created by the pandemic.
“Multilateral development banks have an important role to play in supporting pandemic-related measures, reducing financial constraints and tackling the debt crisis, and we urge the World Bank to adopt a medium-term strategy to help them. middle-income country, ”Saleh Abadi said. .
He also welcomed the strategies taken by the International Monetary Fund and the World Bank to deal with climate change, saying that this support must be adapted to the economic conditions and structures of all countries.
Saleh-Abadi ultimately noted that reducing carbon emissions should be in line with developing countries’ efforts to reduce poverty, inequality and job growth.
Elsewhere in the meeting, IMF Director Kristalina Georgieva explained the Fund’s actions in planning and accelerating countries’ access to the COVID-19 vaccine and said: “It is predicted that by the end of this year, 40% of the world’s total population will be vaccinated.
EF / MA