Space Travel News  
DISASTER MANAGEMENT
US presses China for debt relief in developing countries
by AFP Staff Writers
Nusa Dua, Indonesia (AFP) Nov 15, 2022

The United States is pressing China and other G20 members to do more on debt relief for the world's poorest countries, a senior US official said Tuesday.

The issue will be highlighted in the final joint statement when the summit in the Indonesian resort island of Bali ends this week, the official said, but there will not be unanimity.

"What you're going to see in the G20 statement is that 19 members of the G20 came together to say this is a core, first-order issue that we need to take collective action with respect to, and you'll see that, you know, one country is still blocking progress," the official said, speaking on condition of anonymity.

He would not name the hold-out country but this appeared likely to be China, a massive creditor to poor countries around the world in a policy that Western countries have condemned as "debt traps" used to tighten Beijing's grip on the global economy.

The official mentioned similar opposition to joint agreement on restructuring such debts at the October meetings of the World Bank and International Monetary Fund.

The issue "will continue to be a topic of conversation between the US and China and within the G20", he said.

"We're seeing -- because of the stresses on the global economy, because of the food and energy security issues that we're facing, as well as the broader macro-economic headwinds in the globe -- that a set of emerging countries are finding themselves in pretty substantial distress when it comes to their debt burdens," the US official said.

"It is vital to find a way forward to provide those countries that relief, so they can ultimately begin growing again and get their citizens and their economy out from under the burden."

Debt relief will also be a concern in broader relations with China, which presidents Joe Biden and Xi Jinping sought to reinvigorate Monday at a meeting on the sidelines of the G20.

"I suspect that that will be a core topic that we continue engaging the PRC (China) on in the weeks and months ahead," the official said.


Related Links
Bringing Order To A World Of Disasters
A world of storm and tempest
When the Earth Quakes


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


DISASTER MANAGEMENT
Nomadic Latino migrant labor aids Florida hurricane recovery
Fort Myers, United States (AFP) Nov 12, 2022
Hour by hour, day by day, hurricane-devastated southwest Florida is starting to get back on its feet - and the workers doing the hard labor are largely undocumented migrants. They have names like Jael, Juan and Francisco Antonio, and they flooded into Florida from other Gulf Coast states, and even from Mexico, to take on work. Many are perpetual nomadic workers, traveling from one natural disaster to another, toiling by day and sleeping in cars and trucks at night. Since Hurricane Ian smas ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

DISASTER MANAGEMENT
DISASTER MANAGEMENT
Space exploration goes underground

Try, Try Again: Sols 3655-3656

A rover for Mars' moon Phobos

Gediz Vallis Ridge Rising: Sols 3650-3652

DISASTER MANAGEMENT
PickNik Robotics and CisLunar Industries to Collaborate on In-Space Metal Processing

NASA orders three more Orion spacecraft from Lockheed Martin

Advanced Space leads Lunar pathfinder efforts for NASA

Beyond Gravity passes CDR for critical mechanism for NASA's Gateway

DISASTER MANAGEMENT
Mars and Jupiter moons meet

NASA studies origins of dwarf planet Haumea

NASA study suggests shallow lakes in Europa's icy crust could erupt

Sharpest Earth-based images of Europa and Ganymede reveal their icy landscape

DISASTER MANAGEMENT
Early planetary migration can explain missing planets

Oldest planetary debris in our galaxy found from new study

Do you speak extra-terrestrial?

Starshade competition challenges students to block starlight for observing exoplanets

DISASTER MANAGEMENT
Liftoff! NASA launches mega Moon rocket, ushering new era of exploration

Phantom Space conducts successful stage hot fire test for new rocket

Improving the performance of electrodeless plasma thrusters for space propulsion

Artemis I rocket received only minimal damage from Hurricane Nicole, NASA says

DISASTER MANAGEMENT
China launches spacecraft carrying cargo for space station

China's cargo spacecraft sets new world record

Next-generation rocket for astronauts expected in 2027

Astronauts enter China's Mengtian lab module for first time

DISASTER MANAGEMENT
Twin tail revealed in new Hubble image of Didymos-Dimorphos system following DART impact

SwRI experiment helps predict effects of DART impact

Largest potentially hazardous asteroid detected in eight years

Spectral evolution of a dark asteroid surface after ten years of space weathering









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.