Oxfam Warns Half A Billion People Could Be Pushed Into Poverty From Coronavirus

MUMBAI, INDIA - APRIL 7: Foodbacks distributed to the needy and poor people during lockdown at Dharavi, on April 7, 2020 in Mumbai, India. (Photo by Pratik Chorge/Hindustan Times via Getty Images)
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LONDON — Oxfam is warning that half a billion people in the developing world could be pushed into poverty as a result of the economic fallout from the coronavirus pandemic.

In the run-up to three key international economic meetings next week, the anti-poverty campaigning group has urged richer countries to step up their relief efforts.

In a report based on research at King’s College London and the Australian National University, Oxfam is calling on world leaders to agree an ‘Economic Rescue Package for All’ to keep poor countries and poor communities afloat. Among the measures it is recommending is the immediate cancellation of $1 trillion worth of developing country debt payments in 2020.

Jose Maria Vera, Oxfam International Interim Executive Director says “for poor people in poor countries who are already struggling to survive there are almost no safety nets to stop them falling into poverty.”

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  1. [“Among the measures it is recommending is the immediate cancellation of $1 trillion worth of developing country debt payments in 2020”].

    If George Marshall could pull it off, why not?

    And this is very late. There should have been a Marshall Plan for Latin America many years ago.

  2. Avatar for jinnj jinnj says:

    … and ? … in Trump logic this means that he:

    • has to peer further down to see these people- so
    • he must be higher up above them
    • and gosh that sure sounds like WINNING!!!
  3. “for poor people in poor countries who are already struggling to survive there are almost no safety nets to stop them falling into poverty.”

    Not only in developing or poor countries…

    Here in America, the poor are being made POORER by the Greed-Over-People Party while the rich are being made RICHER moreso during the Trump Regime!

    There was the $1.5Trillion tax cut for the rich and now during a pandemic, there is a $500 Billion Slush Fund that Greed-In-Chief wants to oversee himself AND the FED has a $450 Billion provision that is exempt from federal open meetings law - that is almost $1Trillion hard earned tax payers dollars!

    Why does the poor have to literally and figuratively pay more and bear more?

  4. Feature, not a bug.

  5. Mere collateral damage to achieving MAGA…

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