Pakistan for ‘roadmap’ to offset economic ‘shocks’

Pakistan, speaking for the Group of 77 (developing countries) and China, has called for a clear roadmap to overcome the recent series of “shocks” to the world economy, including the deadly coronavirus pandemic and the spike in commodities prices, that have disproportionately impacted the poorest countries. “The unequal impacts have been accompanied by a deficit in solidarity – as visible on vaccine availability and the liquidity support — $17 trillion generated in the richer, less than $100 billion for the developing world,” Ambassador Aamir Khan, deputy permanent representative of Pakistan to the UN, told the General Assembly Second Committee, which deals with economic and financial matters.