The President of the UN Economic and Social Council (ECOSOC), Munir Akram has said that Small island developing states (SIDS) must receive financial and international support if they are to recover from the COVID-19 pandemic and natural disasters.
While the pandemic has inflicted serious hardship and damage globally, Mr. Akram said it has particularly affected SIDS, impacting every aspect of life in these countries.
“For the SIDs, this has been a perfect storm – financial, natural, and social,” he said.
“Their revenues have virtually evaporated with the end of tourism, due to lockdowns, trade impediments, the fall in commodity prices, and supply chain disruptions. High debt overhangs, internally high risk, and short-term maturity debts are creating impossible financial problems for their ability to recover from the crisis.”
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