JOHANNESBURG - The United Nations Development Programme proposed the immediate introduction of a temporary basic income that could stem the spread of the coronavirus pandemic by allowing the world's poorest people to stay at home.
With the rate of infections increasing in many poorer nations with debt costs crowding out health and social expenses, UN Secretary-General Antonio Guterres has called for a standstill for all developing economies. The plan would require 12 per cent of the expected total financial response to pandemic in 2020, which is equivalent to one-third of what developing countries owe in external debt payments this year, the UNDP said.
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