Coronavirus: 7 more persons have tested positive for Coronavirus in Chhattisgarh's Korba district

As governments struggle to cope with the COVID-19 pandemic, billions of people living in countries teetering on the brink of economic collapse are being further threatened by a looming debt crisis, according to a UN report. In its report, the UN-led Inter-Agency Task Force on Financing for Development explores the steps that governments must take to avert debt overload and address the economic and financial havoc caused by the pandemic. “What is needed is a large-scale, coordinated and comprehensive multilateral response amounting to at least 10 per cent of global Gross Domestic Product,” UN Deputy Secretary-General Amina Mohammed said.