Thursday, April 2, 2020

The UN asks the G20 for a war plan to stop the coronavirus

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United Nations Secretary General António Guterres has asked the G20 countries for a “coordinated war plan” to stop the pandemic of the new coronavirus, while warning that the exponential growth of positives is “only the tip of the iceberg”.

Guterres has referred to the situation derived from the Covid-19 crisis, like a war and has settled that “we are not winning it”. “This war needs a war plan to fight it,” he assured.

The steps to follow

For the UN secretary-general, the plan must consist of three “basic” areas of action that require “concerted action by G20 members.” They are suppressing the transmission of the Covid-19 “as fast as possible”, working “together” to minimize the social and economic impact from disease and cooperate to lay the foundations for a recovery that builds a “more sustainable and inclusive” economy.

Regarding the interruption of the transmission, Guterres recalled that it has to be carried out under the guidance of the World Health Organization (WHO).

“All countries must be able to combine systematic testing, tracking, quarantine and treatment with movement and contact restrictions, in order to suppress the transmission of the virus, “he has indicated.” And they have to coordinate the exit strategy to keep it suppressed until the vaccine is available, “he added.

Human crisis

In reference to the social and economic impact of the Covid-19, he specified that “the challenges” presented “are much greater than those of 2008. And what we are facing today it is not a banking crisis, it is a human crisis, “he asserted.

In this context, while highlighting the need to care about people, their homes and provide companies with economic capacity so that they can keep the jobs, has applauded the measures taken by developed countries in this regard, such as liquidity injections. He also stressed that a stimulus program to help developing countries with the same objectives requires a “giant” investment.

Sufficient economic funds

“For this, we need more resources for the International Monetary Fund (IMF) and other international financial institutions, a significant issuance of Special Drawing Rights, coordinated exchanges between central banks and debt relief measures, such as the waiver of interest payments, “he has considered. He has also called for the lifting of sanctions against certain countries because they can” harm “their ability to respond to the Covid-19 crisis.

The leaders of the G20 countries This Thursday they held an extraordinary meeting by teleconference to address the crisis caused by Covid-19, where they pledged to “do everything necessary” and use all the means at their disposal to minimize the social and economic impact of the pandemic.

Thus, they have indicated that they are injecting into the economy “more than five trillion dollars (4.5 trillion euros)” through fiscal measures and economic guarantees. It has also asked finance ministers and central bank governors in G20 countries to coordinate an action plan in response to Covid-19.

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