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António Guterres (UN Secretary-General) on Financing Sustainable development in the context of COVID-19
23 Apr 2020 -  Remarks by António Guterres, Secretary-General of the United Nations on Financing Sustainable development in the context of COVID-19.

I have issued a global three-point Call to Action in response to the COVID-19 pandemic.
First, we must take decisive action to suppress the virus and alleviate suffering.
That demands a globally coordinated health response, led by the World Health Organization. This response urgently requires support, solidarity and resources.
We must pool our efforts to assist countries at risk, strengthen and expand their health systems, and stop transmission through the combination of testing, contact-tracing and quarantine, associated with appropriate restrictions on movement and contact.
Second, we must adopt a large-scale and comprehensive response to tackle the devastating socioeconomic consequences, with a focus on the most vulnerable countries and people. We must use all the fiscal and monetary measures at our disposal.
We need greater resources for the International Monetary Fund, including through the issuance of new Special Drawing Rights, and enhanced support for the World Bank Group and other International Financial Institutions and bilateral mechanisms.
A global stimulus package of unprecedented proportions will also be needed to restore sustainable growth and safeguard people’s livelihoods. Since the beginning of the pandemic, I have strongly advocated for a response package that is a double-digit percentage of global GDP.
That means fiscal and monetary measures including providing resources directly to workers and households, targeting both formal and informal sectors; scaling up social protection and access to health care; and helping businesses prevent bankruptcies and massive job losses.
Most developed countries can do this with their own resources and indeed, several are doing it. But developing countries need massive and urgent support. Now is the time to stand by our commitment to leave no one behind.
COVID-19 is significantly amplifying existing debt risks. The time-bound G20 initiative to suspend debt service payments for the poorest countries is a critical first step.
The moratorium must be extended to all developing countries that request forbearance, including middle-income countries that lose access to financial markets".
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