Governments of wealthy countries went into "whatever-it-takes" mode to boost their economies during the crisis, but low-income countries have delivered much smaller responses.
The UN found that the G-7 group of advanced countries are spending an average of 5.6% of their GDP to rescue their economies, while poorer countries in Asia have announced fiscal packages ranging between 0.02% to 0.8% of GDP. Although India set aside a large stimulus, only the equivalent of 0.8% of GDP is going to those who are vulnerable.
A health care worker checks the temperature in the Dharavi slums during Covid-19 pandemic, on June 20, 2020 in Mumbai, India.The amounts are "too small" and are "not up to the task of countering the devastating effect on the of vulnerable members of the population," authors of the paper wrote. Additionally, the funds may not be reaching those most in need, because programs often exclude "over half of the poorest members of society."
"We're finding it's a very thin trickle to the most vulnerable communities that have very little and have lost their jobs," said Kanni Wignaraja, director of UNDP's regional bureau for Asia and the Pacific. "They're the ones at most risk from the coronavirus. This is very worrying right now."last week that the majority of people who have lost their livelihoods are living below the poverty line or just above it.
Much different here in America 🤣
CREATE YOUR OWN ECONOMIC BOOM! If you want to learn to trade currency, then Tradera is the place to be! 📌TRAINING. You learn from top traders through webinars, mentoring & live trading sessions right at your fingertips accessed HERE:
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Virtual Poor People's Campaign Puts Inequality At The CenterIn more three hours of testimonies and calls to action, the online event endeavored to continue a campaign initially planned by Martin Luther King Jr. more than half a century ago. Economic inequality is not fixed with more food stamps or free housing it’s fixed with small business loans and successful college graduates for the minority community The planet’s top 20 percent corner 85 percent of money Money is more powerful than governments. First class manure!
Source: NPR - 🏆 96. / 63 Read more »
Johnson & Johnson To Stop Selling 2 Lines Of Skin-Lightening Products Popular In AsiaJohnson & Johnson now says it will discontinue two lines of skin-lightening products popular in Asia. Skin-lightening is a fast-growing industry — expected to be worth $31.2 billion by 2024, according to the WHO. That's an awful lot on Trump's collar What about skin darkening products, like various make ups? That cream whitewashes history
Source: NPR - 🏆 96. / 63 Read more »
A plague amid a pandemic: East Africa, West Asia combat surging locust outbreakThe U.N. Food and Agriculture Organization estimates 450 billion pests have been killed since January, but the battle against the massive, crop-destroying swarms is far from over. Boy the apocalyptic dominionists must be creaming their pants. New York businesses and stores experience something similar to locust outbreak recently.They know how it feels.
Source: NBCNews - 🏆 10. / 86 Read more »
WarnerMedia Europe & Asia Executive Giorgio Stock To Step Down This MonthGiorgio Stock, president of WarnerMedia Entertainment Networks & Sales in Europe, Middle East, Africa, and Asia Pacific, is leaving the company at the end of June to “look for new opportu…
Source: DEADLINE - 🏆 109. / 63 Read more »
WarnerMedia Europe and Asia Top Executive Giorgio Stock to DepartGerhard Zeiler, chief revenue officer of WarnerMedia, will assume his post as president of WarnerMedia Entertainment Networks & Sales, Europe, Middle East and Africa & Asia Pacific on an interim basis. Who did he sex!?
Source: THR - 🏆 411. / 53 Read more »
Coronavirus lockdowns increase poaching in Asia, AfricaPoaching has spiked amid the coronavirus pandemic, as people left jobless turn to wildlife to make money and feed their families. Authorities in India worry about endangered tigers and leopards as well as the species those cats depend on to survive. Bring back 𝔸𝕦𝕟𝕥 𝕁𝕖𝕞𝕚𝕞𝕒 𝕞𝕒𝕡𝕝𝕖 𝕤𝕪𝕣𝕦𝕡 Sinful, but nothing new out there. We are destroying Mother Earth and her creatures. Our souls becoming darker each time we hurt her or take the life of an animal without a valid reason.
Source: AP - 🏆 728. / 51 Read more »