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Canada as champion of co-ordinated global recovery plan positioned by Trudeau.

Posted in Canada, Featured

Published on June 03, 2020 with No Comments

Without a plan, pandemic could slash nearly $8.5T from world economy, UN says.

Prime Minister Justin Trudeau will continue today to make the case for a co-ordinated global response to cushion the economic impact of the COVID-19 pandemic on the world’s poorest countries.

He’ll be among the leaders and heads of state to deliver remarks during a virtual summit of the Organization of African, Caribbean, and Pacific States (OACPS).

Among other things, he is expected to promise that Canada will partner with developing countries, which stand to be the hardest hit by the pandemic, and help to rally the world behind measures like debt relief to help them survive the crisis.

While no country has escaped the economic ravages of the deadly novel coronavirus that causes COVID-19, developing countries, already in debt distress before the pandemic, cannot afford the kinds of emergency benefits and economic stimulus measures undertaken in wealthy, industrialized countries like Canada.

 

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