Thursday, 23 Jul 2020 02:09 PM MYTNEW YORK, July 23 — A temporary basic income for the world's poorest 2.7 billion people in 132 developing countries could help slow the spread of the coronavirus by allowing them to stay home, according to a UN Development Programme report released today.
“Unprecedented times call for unprecedented social and economic measures. Introducing a temporary basic income for the world's poorest people has emerged as one option,” said UNDP Administrator Achim Steiner. “Bailouts and recovery plans cannot only focus on big markets and big business.” The UNDP report suggests that one way countries could pay for a temporary basic income would be repurposing billions of dollars that would have been spent servicing their debt.
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