December 28, 2024 08:21 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
He was my friend, philosopher, and guide: Sonia Gandhi remembers Manmohan Singh in an emotional post | Vladimir Putin condoles Manmohan Singh's death, calls him 'outstanding statesman' | Congress writes to PM Modi seeking space for building a memorial to Manmohan Singh | Manmohan Singh will be remembered as a kind person, a learned economist, and a leader dedicated to reforms: PM Modi | Russian ambassador to India Denis Alipov grieves Manmohan Singh's demise | Mumbai terror attack shook Manmohan Singh badly, recalls former deputy NSA | I have lost a mentor and guide: Rahul Gandhi writes on Manmohan Singh's demise | Manmohan Singh left strong imprint on our economic policy over years: PM Modi | A rare leader who spoke softly but achieved monumental strides: Gautam Adani mourns Manmohan Singh's death | Instagram influencer and freelance RJ Simran Singh dies by suicide in Gurugram
AntonioGuterres
Image: WFP

Guterres unveils first recommendations of UN crisis group, set up in wake of Ukraine invasion

| @indiablooms | Apr 06, 2022, at 05:37 pm

New York: António Guterres released the initial recommendations of his Global Crisis Response Group on Food, Energy and Finance (GCRG) on Tuesday, set up in response to the hunger crisis provoked by Russia’s invasion of Ukraine.

Russia and Ukraine represent more than half of the world’s supply of sunflower oil and about 30 percent of the world’s wheat. Ukraine alone provides more than half of the World Food Programme’s (WFP) wheat supply.

The war has resulted in disrupted supply chains and rising prices - not just of food, but also fuel and fertilizer.

‘Keep markets open’

When he announced the formation of the GCRG in March, Mr. Guterres called on countries to find creative ways to finance increased humanitarian and development recovery needs worldwide, to give generously and immediately release pledged funds.

To avoid the risk of hunger and famine spreading further, the GRCG is urging all countries to keep markets open, resist unjustified and unnecessary export restrictions, and make reserves available to countries at risk of hunger and famine, the UN chief said on Tuesday.

Member States and international financial institutions should make reserves available to countries at risk of hunger and famine, and avoid protectionism, he continued in a briefing to the Security Council on Tuesday morning, whilst ensuring that humanitarian appeals are fully funded, because “people caught up in crisis around the world cannot pay the price for this war”.

Clean energy the only long-term solution

Noting that some countries have announced plans to release strategic reserves of fossil fuels, as they attempt to reduce their dependence on Russian stocks, Mr. Guterres acknowledged that, in the short term, this strategy could help ease the current crisis.

However, he declared that the only medium and long-term solution is accelerated deployment of renewable energy, which is not impacted by market fluctuations, is the cheapest option in most cases, and will allow the progressive phase-out of coal and all other fossil fuels.

‘Emergency mode’ needed

The third set of recommendations, concluded Mr. Guterres, concern the G20 group of most-developed nations, and international financial institutions.

Governments, he explained, need to urgently take measures to “provide safety nets for the poorest and most vulnerable.” Reform of the global financial system, he continued, is long overdue.

Mr. Guterres noted that all of the recommendations of the GCRG are closely linked to actions consistent with building and sustaining peace.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia Mar 22, 2023, at 08:26 pm