GENEVA/LONDON  – A United Nations agency urged global finance ministers to give poor countries debt repayment breaks, estimating the COVID-19 pandemic and subsequent surge in inflation and borrowing costs had pushed an extra 165 million people into poverty. The U.N. Development Program said the jump meant more than 20 percent of the world's population – around 1.65 billion people – were now living on less than $3.65 a day and struggling to put food on the table. Group of 20 finance ministers meeting in India next week will discuss tackling poverty, along with reforming the world's top multilateral institutions and the international debt architecture.

https://business.inquirer.net/410238/un-agency-calls-for-debt-repayment-pause-as-poverty-rates-rise

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