Wednesday, 16 December 2020, 8:16 am
New Oxfam research shows that over a third of the
world’s population has had no public money to cope with
the effects of the pandemic.
A new report “Shelter
from the Storm”, done in partnership with Development
Pathways, reviewed government schemes used to inject
additional money to help people, such as disability,
unemployment, child, and elderly benefits, for 126 low and
middle-income countries. It found none of them were adequate
to meet everyone’s needs.
Overall, the world has
spent an additional $11.7
trillion this year to cope with the fallout from the
coronavirus pandemic. Of this, $9.8 trillion (83%) was spent