A New U.S. Approach to Help Fragile States Amid COVID-Driven Economic Crisis
The global economy is projected to rebound from the effects of COVID-19 in 2021, but the world’s most fragile states may not share in the upswing. Saddled with economic collapse and soaring debt, developing economies are likely to be left further behind after shrinking about 5 percent last year, according to World Bank estimates. As a result, over 55 million people could be plunged deeper into poverty, fueling social and political grievances and increasing the risks of instability. Pedestrians fill a busy street in Nairobi, Kenya. June 9, 2020. (Khadija Farah/The New York Times) The dangers...
Source: usip.org