Monthly Archives: April 2020

Virus could push half a billion people into poverty

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The economic fallout from coronavirus could increase global poverty by up to half a billion, Oxfam has warned. “The economic crisis is potentially going to be even more severe than the health crisis,” said their report. It estimates a 400-600 million rise in poverty numbers globally.

Using research by the Australian National University (ANU) and Kings College, London, the charity says it will be the first time poverty has risen globally in 30 years.

The report says the potential impact of the virus poses a real challenge to the United Nations Sustainable Development Goal of ending poverty by 2030. By the time the pandemic is over, half of the world’s population of 7.8 billion people could be living in poverty. About 40% of the new poor could be concentrated in East Asia and the Pacific, with about one third in both Sub-Saharan Africa and South Asia.

Danny Sriskandarajah, Oxfam GB’s chief executive, said: “For billions of workers in poor countries who were already scraping by, there are no safety nets such as sick pay or government assistance.

“Next week’s World Bank and G20 meetings are an important opportunity for world leaders to collaborate on a joint economic rescue package to protect the most vulnerable people.”

Earlier this week, more than 100 global organizations called for debt payments to be waived this year for developing countries, which would free up $25bn (£20bn) in cash to support their economies.

[BBC]

Putin sending medical supplies to help U.S. fight coronavirus

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Russia is sending the United States medical equipment to help fight the coronavirus outbreak, the Interfax news agency reported on Tuesday, citing the Kremlin spokesman Dmitry Peskov.

President Vladimir Putin made the proposal in a phone conversation with President Donald Trump on Monday.

“Trump gratefully accepted this humanitarian aid,” Interfax quoted Peskov as saying. A Russian plane with medical and protective equipment may leave for the United States on Tuesday, he added.

Confirmed U.S. cases have surged to nearly 180,000 with 16,000 new positive tests reported on Tuesday. For a second day in a row, the United States recorded more than 500 new deaths as the total climbed to nearly 3,600, according to a Reuters tally of officially reported data.

The state of relations between Moscow and Washington has been complicated in recent years due to U.S. sanctions on some of Russian companies in response to Russia’s annexation of Crimea in 2014 and Russian support for separatists in eastern Ukraine, among other strains.

“It is important to note that when offering assistance to the U.S. colleagues, the president (Putin) assumes that when U.S. manufacturers of medical equipment and materials gain momentum, they will also be able to reciprocate if necessary,” he added.

He also said that Russia and China cooperated in a similar way now as “at a time when the current situation affects everyone without exception …, there is no alternative to working together in a spirit of partnership and mutual assistance”.

[Reuters]