Iraq is out of its indicators!.. Davos is preparing to hold its meeting next May

[yota691]

Iraq is out of its indicators!.. Davos is preparing to hold its meeting next May

22 January 2022 | 04:57

Fourth - follow up

The World Economic Forum Organization (Davos) announced that the annual meeting for the current year 2022 will be held in the Swiss mountain resort of Davos, from May 22 to 26.

Reuters said that the Geneva-based World Economic Forum had postponed the annual event last December, a month ahead of schedule, due to the difficulties of holding such a conference amid the outbreak of the Omicron mutant of the Corona virus.

Earlier, Borg Brende, president of the World Economic Forum, said that China's engagement with other G-20 and BRICS economies through multilateral institutions is important to address pressing global challenges.

 

This came in an interview with Xinhua News Agency recently. Brindi said that China, as the largest developing economy, is also working to consolidate its position as a linking factor between the "global north" and the "global south".

"China's participation in each of these matters is crucial as we look to stamp out the COVID-19 pandemic, shape a more equitable and resilient global economy, and achieve our climate goals," he added.

Speaking about the pandemic, Brindi said it shows what can be achieved when stakeholders come together. "So far, we are also seeing the consequences of not working together," he added.

[yota691]

A Saudi minister calls for a mechanism to develop economic resources globally to achieve ambitions

Mohammed Al-Jadaan

 Jan 21 2022 05:58 PM

Riyadh - Mubasher: Mohammed Al-Jadaan, the Saudi Minister of Finance, participated today, Friday, in the preparation for the future session of the World Economic Forum "Davos".

During the session, Muhammad Al-Jadaan said that the G20 plays a major role in the world economy, and that we must develop economic resources to achieve future ambitions.

He added that the world must develop a mechanism to support system" rel="">support countries facing economic problems over the next 30 years, in order to help governments develop resources and prepare for what happens in the future.

[yota691]

 

"Recovery Remains Fragile" - UN Chief at World Economic Forum, Davos Agenda | United Nations
2,579 views Jan 17, 2022

 

United Nations

The Davos Agenda, World Economic Forum - Virtual Special Address by António Guterres, Secretary-General, United Nations. 

"This year’s World Economic Forum takes place in the shadow of an enormously difficult period for economies, for people and the planet.

According to the UN’s economic report released last week, the world is emerging from the depths of a paralyzing economic crisis.

But recovery remains fragile and uneven amid the lingering pandemic, persistent labour market challenges, ongoing supply-chain disruptions, rising inflation and looming debt traps, not to mention the geopolitical divide. 

As a result, we see recovery slowing down quite substantially.

All of this threatens hard-won progress in advancing the 2030 Agenda and the Sustainable Development Goals, our key projects. 

The last two years have demonstrated a simple but brutal truth – if we leave anyone behind, in the end, we leave everyone behind.

If we fail to vaccinate every person, we give rise to new variants that spread across borders and bring daily life and economies to a grinding halt.

If we fail to provide debt relief and financing to developing countries, we create a lopsided recovery that can send an interconnected global economy into a tailspin.

If we fail to reduce inequalities, we weigh down economic progress for all people in all countries.

And if we fail to match climate rhetoric with climate actions, we condemn ourselves to a hotter, more volatile earth, with worsening disasters and mass displacement.

At the core of these failures is a global inability to support developing countries in their hour of need and also a problem of governance or international different systems.

Without immediate action to support them, inequalities and poverty will deepen.

This will result in more social unrest and more violence.

As the Forum’s new Global Risk Report reminds us, the world is marching down a path laden with enormous risks.

We cannot afford this kind of instability.

To chart a new course, we need all hands on deck – especially all of you in the global business community. And I have a number of asks. 

As you meet, discuss and deliberate the prospects for recovery and economic rebound this coming year, I urge you to focus on three urgent areas.

First – we need to confront the pandemic with equity and fairness.

Last fall, the World Health Organization unveiled a strategy to vaccinate 40 per cent of people in all countries by the end of last year, and 70 per cent by the middle of this year.   

We are nowhere near these targets.

Vaccination rates in high-income countries are – shamefully – seven times higher than in African countries.

We need vaccine equity, now.  

All countries and all manufacturers must prioritize vaccine supply to COVAX, and support the local production of tests, vaccines and treatments around the world.

We need pharmaceutical companies to stand in solidarity with developing countries by sharing licenses, know-how and technology so we can all find a way out of this pandemic.

And of course, In situations where compensation may be warranted - we don’t want to have any pharmaceutical company in financial difficulties that are not able to invest – in those situations  developed countries should explore ways to provide the necessary financial support.  

And we must prepare for the next pandemic through common sense investments in monitoring, early detection and rapid response plans in every country – and by strengthening the authority of the World Health Organization.

Throughout, we need to bolster local primary health care, and put all countries on the road to achieve Universal Health Coverage and we are still so far from it. 
 
Second – we need to reform the global financial system in a way that it can work for all countries without being biased. 

At this critical moment, we are setting in stone a lopsided recovery.

More than eight out of ten recovery dollars are being spent in developed countries.

Low-income countries are at a huge disadvantage.

They’re experiencing their slowest growth in a generation – and trying to dig themselves out with woefully insufficient national budgets.

The burdens of record inflation, shrinking fiscal space, high interest rates, and they will be higher, and soaring energy and food prices are hitting every corner of the world and blocking recovery – especially in low- and some middle-income countries.

They stifle any hope of growth by making it even more difficult for governments to invest in the sustainable and resilient systems people need
(...)" [Excerpt]

Full Remarks [as delivered]: https://www.un.org/sg/en/node/261415

[yota691]

The International Monetary Fund Sends A Warning Message To Countries Whose Debts Are In Dollars

01/21/2022

87

  

Earth News/ International Monetary Fund Managing Director Kristalina Georgieva said that an increase in US interest rates could have significant effects on countries with high levels of debt dominated by the dollar.

Therefore, it is "extremely important" that the US Federal Reserve (the central bank) clearly communicates its policy plans to prevent surprises, according to the official.

Georgieva warned of the repercussions of raising interest rates in the United States on the weak economic recovery in some countries, and said that the Fed's rate hike could "throw cold water" on the weak economic recovery in some countries.

This indicates the need for the US Federal Reserve to clearly communicate its policy plans. The official called on countries with a high level of dollar debt to take action.

Georgieva said the IMF's message to countries with high levels of dollar debt: “Act now. If you can extend the maturity, please do so.”

The warnings of the Director of the International Monetary Fund came during her participation in the “Davos” economic forum, held online due to the Corona pandemic, and indicated, during her discussion of the selections for the year 2022, that the International Monetary Fund expects the continuation of global economic recovery, but she stressed that it is “losing some momentum.” Due to the re-spread of the infection, the increase in inflation and the high level of debt.

The official stressed that "fighting inflation is not the task of central banks alone, as other policy makers have to play a major role, including by promoting vaccinations to end the Covid-19 pandemic."

Georgieva said in this regard: "First of all, we need to recognize the importance of fighting the epidemic," noting that "86 countries around the world have not reached the goal of vaccinating at least 40% of their population by the end of 2021."

[Fred70]

The WEF are nothing more than a bunch of corrupt nazies.

 

[new york kevin]

On 1/22/2022 at 9:19 PM, yota691 said:

This came in an interview with Xinhua News Agency recently. Brindi said that China, as the largest developing economy, is also working to consolidate its position as a linking factor between the "global north" and the "global south".

 

 In no uncertain terms , China's economy is not "developing" ; it is as developed as it can ever get. They obviously are still jockying to become the worlds #1 developed economy . With their hands in everyones cookie jar . 

[new york kevin]

7 hours ago, yota691 said:

and indicated, during her discussion of the selections for the year 2022, that the International Monetary Fund expects the continuation of global economic recovery, but she stressed that it is “losing some momentum.” Due to the re-spread of the infection, the increase in inflation and the high level of debt.

The official stressed that "fighting inflation is not the task of central banks alone, as other policy makers have to play a major role, including by promoting vaccinations to end the Covid-19 pandemic."

Confirmation that The China Covid 19 Virus is BOTH  a Bio Weapon and a Economic Weapon as well .

[horsesoldier]

5 hours ago, new york kevin said:

Confirmation that The China Covid 19 Virus is BOTH  a Bio Weapon and a Economic Weapon as well .

.... and their plan is working quite well isn’t it. No doubt the end game is complete subjugation of the global population. 

[yota691]

Guterres asks rich countries for $100 billion in 2022

 

INA- sources

 
The Secretary-General of the United Nations renewed his call on rich countries to do more to fulfill their commitments to provide funds to combat climate change.


Guterres wrote on “Twitter”, today, Saturday, that rich countries must do well to provide financing of 100 billion dollars in order to support the efforts of poor countries to combat climate change.


He continued, “The promise to provide this support cannot wait until 2023…it must be fulfilled this year.”


It is reported that Antonio Guterres, repeatedly warns that the world is moving towards a “climate disaster” quickly and that rich countries should do more to help poor countries.

•  23-01-2022, 09:34

[nannab]

There are no rich countries at the present time. Do it your self  

[horsesoldier]

Trotting out these mouthpieces who live in their own special insulated world, they can say or do pretty much anything they want. They’re fat & happy/no worries.