A | US House Speaker Nancy Pelosi is expected to arrive in Taiwan on Tuesday night following her scheduled visit to Malaysia, according to Taiwanese media reports, sparking further tensions between Washington and Beijing.,Although Taiwan is not included in Pelosi's public itinerary, TVBS News Network reported that Pelosi might stay overnight in Taiwan before hopping on a plane to South Korea on Wednesday.,Pelosi and her Congressional delegation have reportedly booked two five-star hotels in the Xinyi and Zhongshan districts of Taipei, where "relevant security measures" have been in effect.,However, Taiwanese officials remained mum on the reports, saying "there is no new information to share with the media." At the same time, they welcome visits by "distinguished foreign guests," Taiwanese premier Su Tseng-Chang told local media.,If Pelosi arrives in Taipei, she will be the highest-ranking official to visit the island since 1997.,Meanwhile, on Monday, China's Ministry of Foreign Affairs said that Pelosi's visit would be treated as "a gross interference in China's internal affairs" and its military "will not sit idly by.","We would like to tell the United States once again that China is standing by, the Chinese People's Liberation Army will never sit idly by, and China will take resolute responses and strong countermeasures to defend its sovereignty and territorial integrity," Zhao Lijian, a spokesperson of the Chinese foreign ministry, said.,During a 2.30 hours long phone call last Thursday, China's President Xi Jinping warned Biden that Washington should abide by the one-China principle and "those who play with fire will perish by it.",Meanwhile, Singapore Prime Minister Lee Hsien Loong highlighted the importance of "stable US-China relations for regional peace and security" in meeting with Pelosi, who arrived in the East Asian country on Monday morning.,According to Singapore's Foreign Ministry, two leaders exchanged views on key international and regional developments, including the Ukrainian conflict, cross-strait relations, and climate change.,The US switched diplomatic ties from Taiwan to China in 1979, and since then, Washington has maintained its stand on the "One-China" policy with limited relations with the island.。 Colombo, Oct 12 (UNI) Cascading global crises have left 54 countries, including Sri Lanka and Pakistan, in dire need of debt relief, the United Nations has said.
In a new report, the United Nations Development Program (UNDP) warned that dozens of developing nations were facing a rapidly deepening debt crisis and that “the risks of inaction are dire”, the Daily FT newspaper reported.
UNDP said without immediate relief, at least 54 countries would see rising poverty levels, and “desperately needed investments in climate adaptation and mitigation will not happen”.
That was worrisome since the affected countries were “among the most climate-vulnerable in the world”, the newspaper said.
The countries at the most immediate risk are Sri Lanka, Pakistan, Tunisia, Chad, and Zambia.
The agency’s report, published ahead of meetings of the International Monetary Fund, the World Bank, and also of G20 finance ministers in Washington, highlighted the need for swift action.
But despite repeated warnings, “little has happened so far, and the risks have been growing,” UNDP chief Achim Steiner told reporters in Geneva.
“That crisis is intensifying and threatening to spill over into an entrenched development crisis across dozens of countries across the world.”
The poor, indebted countries are facing converging economic pressures and many find it impossible to pay back their debt or access new financing, the report said.
The UN agency said debt troubles had been brewing in many of the affected countries long before the Covid-19 pandemic hit.
According to available data, 46 of the 54 countries had amassed public debt totalling $ 782 billion in 2020, the report said.
UNI MR。
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