Tokayev to address UN high-level meeting on financing for development in era of Covid-19 and beyond

AKIPRESS.COM - President Kasym-Jomart Tokayev today will partake in the High-Level Event on Financing for Development in the Era of COVID-19 and Beyond, his press secretary Berik Uali said on Facebook.
The Prime Ministers of Canada and Jamaica and UN Secretary-General António Guterres are convening this special high-level meeting to advance concrete solutions to the development emergency caused by the COVID-19 pandemic.
The President of Kazakhstan will address the event on behalf of the Landlocked Developing Countries, where Kazakhstan presides now.
The High-level Meeting will tackle critical finance issue to address economic devastation caused by COVID-19.
The meeting, which will be virtual, will open with a high-level segment in which heads of state and government will express their commitment to decisively facilitate global solutions to address the global economic crisis and its effects on the most vulnerable.
A high-level panel of leaders from international institutions will discuss the challenges and opportunities to act quickly on the six issues:
1. The need to expand liquidity in the global economy and maintain financial stability to safeguard development gains.
2. The need to address debt vulnerabilities for all developing countries to save lives and livelihoods for billions of people around the world.
3. The need to create a space in which private sector creditors can proactively engage in effective and timely solutions.
4. Prerequisites for enhancing external finance for inclusive growth and creating jobs, including lowering the transactions costs of remittances.
5. Measures to expand fiscal space and foster domestic resource mobilization by preventing illicit financial flows.
6. Ensuring a sustainable and inclusive recovery by aligning recovery policies with the Sustainable Development Goals.