Good morning. As the IMF and World Bank meetings get underway this week in Washington DC, we’re covering the UN’s call to global finance chiefs to help debt-burdened developing countries.
Plus, the the head of the UN refugee agency is warning of ‘severe cuts’ without new funding, and Sudan’s bid to join the Human Rights Council is being strongly opposed by a group of NGOs.
An activist holds a placard during a demonstration in Makati, Metro Manila on September 7, 2022, to express solidarity with the people of Sri Lanka as they continue to suffer from acute fuel and food shortages. (Credit: Keystone/AFP/Jam Sta Rosa))
💸 Fifty-four developing countries in need of urgent debt relief, UN warns.
The United Nations Development Programme on Tuesday called on global financial leaders meeting in Washington DC to come to the aid of dozens of crisis-hit developing countries in need of debt relief amid escalating living costs and the impending risk of a global recession.