UN plans to allocate $ 199 billion month to world's poorest people to fight coronavirus

Source : 112 Ukraine

The level of funding for this program is estimated at $ 199 billion per month
22:00, 24 July 2020

Open source

The urgent introduction of a temporary basic income for the world's most needy people in the developing world will help slow the rise in the number of Covid-19 cases. This is stated in the report of the UN Development Program.

"Unprecedented times call for unprecedented social and economic measures. Introducing a temporary basic income for the world's poorest people is one option," program administrator Achim Steiner said.

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The report's authors believe that such a measure will enable nearly three billion people to buy food and pay for health and education costs. Funding for this measure is estimated at $ 199 billion per month, as we are talking about 132 developing countries.

They note that aid and plans for economic recovery in the world after the pandemic cannot be envisaged only for large markets and businesses. At the same time, basic income will enable governments in developing countries to provide financial support to people so they can continue to be isolated. This measure is also designed to help local economies keep small businesses afloat and slow the spread of the coronavirus.

As we reported before, the Cabinet of Ministers of Ukraine has distributed 66 billion hryvnias (2.3 billion dollars) from the COVID-19 Acute Respiratory Disease Response Fund.

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