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By Michelle Nichols NEW YORK (Reuters) - U.N. Secretary-General Antonio Guterres warned on Monday that if left unchecked debt distress in the world s most vulnerable countries would be a dagger through the heart of global recovery from the coronavirus pandemic. The international community has taken a few positive steps, but it is time for a quantum leap in support, Guterres said, speaking at the opening of the U.N. Conference on Trade and Development in Barbados. As of mid-2021, over half of the world s poorest countries are in external debt distress, or at risk of it, World Bank President David Malpass said last week. The International Monetary Fund in August approved a $650 billion allocation of Special Drawing Rights (SDRs) - the fund s unit of exchange backed by dollars, euros, yen, sterling and yuan. Guterres pushed for a substantial re-allocation of unused SDRs - not a symbolic one - to vulnerable countries. He also called for G20 s Debt Service Suspension Initiative to be extend

Aurora ellisAntonio guterresMichelle nicholsDavid malpassWorld bankDebt service suspension initiativeGeneral antonio guterresBank president david malpassInternational monetary fundSpecial drawing rightsService suspension initiativeMacro economicsDebt marketGovernment debtEconomic policyInternational organisation