Envoy: (Developing countries need nearly $3 trillion to revive economies in wake of COVID-19: Envoy)

ISLAMABAD:Pakistan’s Permanent Representative to the United Nations Munir Akram has said the developing countries need between two to three trillion dollars to revive their economies in the wake of COVID-19 adverse impacts.

In an interview with the UN television as President of UN Economic and Social Council, he said the developing countries have not access to even a small fraction of that amount and many countries are falling into debt.

Munir Akram said economic collapse is confronting a number of vulnerable countries and consequences of this disaster will also be devastating for world economy as a whole.

He said we need to take urgent actions to meet the needs of developing countries, otherwise we will have a humanitarian disaster on our hands.