PM emphasises return of stolen wealth to developing countries 

By: News Desk      Published: 10:41 PM, 5 Oct, 2021
PM emphasises return of stolen wealth to developing countries 

Prime Minister Imran Khan Tuesday emphasised return of stolen wealth to developing countries as part of global economic recovery from the devastating effects of the pandemic.

Virtually addressing the World Leaders Summit Dialogue organized on the occasion of the 15th Quadrennial Meeting of UNCTAD, the PM reiterated his call for debt relief and prioritizing vaccine equity for COVID-hit developing countries for their economic recovery. He also emphasised climate finance.

Hosted by Barbados, the World Leaders Summit Dialogue was organized by the United Nations Conference on Trade and Development (UNCTAD) during its ongoing 15th Quadrennial Meeting.

Expressing concerns over vaccine inequity, the PM called for more equitable distribution. Recalling his campaign for debt relief, he advocated for debt relief until the end of the pandemic.

The PM reaffirmed the urgent need for mobilization of and contribution by richer countries to climate finance in view of the vulnerability and existential challenges faced by Small Island Developing Countries (SIDS) and other developing countries, including Pakistan.

Reiterating his deep concern over the huge challenge of illicit flow of money amounting to $1 trillion annually from developing countries to richer capitals and tax havens, Imran Khan underscored the imperative of halting these outflows.

Imran Khan stressed upon implementation of the UN Secretary General’s FACTI Panel’s recommendations, enabling the developing countries to more meaningfully alleviate poverty and human development.

The PM was invited to the Leaders Dialogue along with presidents of Kenya, and Guyana, Secretary-General UNCTAD, and heads of other UN agencies, under the theme of “Building a more prosperous development path: Matching the scale of the moment”.

Being held from October 4-7, 2021, the Quadrennial Conference is taking place in the backdrop of unprecedented economic, public health, and social effects, induced and exacerbated by the COVID-19 pandemic.