Oxfam: Poverty threatens half of the world's population due to Coronavirus

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Oxfam: Poverty threatens half of the world's population due to Coronavirus

Oxfam: Poverty threatens half of the world's population due Coronavirus
Oxfam: Poverty threatens half of the world's population due to Coronavirus

Oxfam warned that half of the Earth's population is threatened by poverty, which might be one of the consequences of the Covid-19 pandemic that could draw an additional half a billion people in the world below the poverty line, if the poorest countries are not supported.

In a report issued on Wednesday, entitled "Dignity Not Destitution", the international non-governmental organization indicated that between 6% and 8% of the world's population may catch up with those who currently live below the poverty line, after governments stopped entire economic cycles in order to contain the spread of the Coronavirus.

The report also warned that "This matter can push the fight against poverty ten years back, or even thirty years in certain regions such as Sub-Saharan Africa, the Middle East and North Africa."

The report added that more than half of the world’s 7.8 billion people are at risk of falling below the poverty line when this pandemic is over.

Oxfam's warning comes ahead of the International Monetary Fund, the World Bank and G20 finance ministers scheduled for this April, which will take place via video.

And because there are no social protection systems in them, the poorest countries and disadvantaged groups, including women, will be hardest hit by the aftermath of the Coronavirus pandemic.

Oxfam recommended direct financial assistance to those most affected, give priority to providing support to small businesses and linking aid intended for larger companies to measures in the interest of vulnerable groups.

The organization called for exempting the poorest countries from paying their debts on their due dates this year.

According to the official Oxfam campaign in France, "France can decide without delay exempting the developing countries from paying their debts due in 2020 to help them immediately respond to the crisis."

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