In case you missed it
2m44s https://youtu.be/etxjLz7eRU4
…We must see countries united, not only to beat the virus, but also to tackle its profound consequences.
That means designing fiscal and monetary policies able to support the direct provision of resources to workers and households, the provision of health and unemployment insurance, scaled up social protection and support to businesses to prevent bankruptcies and massive job losses.
What is needed is a large scale, coordinated and comprehensive multilateral response amounting to at least 10% of global GDP.
Developed countries can do it by themselves, and some are indeed doing so, but we must also massively increase the resources to the developing world by expanding the capacity of the International Monetary Fund, namely through the issuance of Special Drawing Rights, and the other financial international institutions, to rapidly inject resources into the countries that need them.
Coordinated swaps among central banks can also bring liquidity to emerging economies and debt alleviation must be a priority, including immediate waivers on interest payments for 2020.
The United Nations System is full mobilized, providing guidance for global efforts, supporting country responses and placing our supply chains at the worlds disposal.
To support our efforts, the United Nations is establishing a new multi-partner trust fund for COVID19 response and recovery to support low and middle income countries to respond to the emergency and to respond to the socioeconomic shock.
UN coordinators, worldwide, will be the drivers of the UN response on the ground, ensuring that the wide and diverse expertise and assets of the United Nations System are used in the most efficient and effective way to support countries.
Finally, when we get past this crisis, which we will, we will face a choice.
We can go back to the world as it was before, or deal decisively with those issues that make us all unnecessarily vulnerable to crisis.
Our roadmap is the 2030 Agenda and the 17 sustainable development goals.
The recovery from the COVID19 crisis must lead to a different economy.
Everything we do during and after this crisis, must be with a strong focus on building a more equal, inclusive and sustainable economies that are more resilient in the face of pandemics, climate change and the many other global challenges we face.
What the world needs now is solidarity.
With solidarity, we can defeat the virus and build a better world.