Oxfam: Over a third of the population without safety net to cope with Covid-19 economic crisis
Format
15 Dec 2020
Nine months on from the start of the pandemic, as many as 2.7 billion people - equivalent to over a third of the world’s population - have no publicly funded safety nets to fall back on to cope with its effects, new Oxfam research with Development Pathways has found.
While wealthy countries have pumped $9.8 trillion (£7.4 trillion) into their economies, including significant measures to support workers and the general population, the majority of low- and middle-income countries have not been able to deploy the same ‘whatever it takes approach’ to protecting their people and economies.