Coronavirus could push half a billion people into poverty, Oxfam warns

Nearly half of all jobs in Africa could be lost without urgent action, says charity More than half a billion more people could be pushed into poverty unless urgent action is taken to bail out poor countries affected by the economic fallout from the Covid-19 pandemic, plans to offer debt relief to the worlds poorest countries and whether to increase the funds available to the IMF through the creation of special drawing rights (SDRs), a form of international currency that can be used to help struggling countries. The UN, which…

Read More