A price tag just 1 percent of the $8 trillion stimulus package the 20 richest countries put in place to safeguard the global economy.
Lowcock said probably two-thirds of the $90 billion could come from international financial institutions like the World Bank and the International Monetary Fund.
He said the argument he’s making is that a one-off 20 percent increase “will save you having to deal with a 10-year problem.”The U.N. is not going to appeal for $90 billion, Lowcock said, but “what I am suggesting is a lot of the suffering and loss of life can be contained within sums of money which are imaginable.”
Lowcock stressed that many things about COVID-19 aren’t known including how it spreads in countries that are warmer and more humid, how it interacts with other illnesses like malaria and HIV/AIDS, how it acts in situations where there is a lot of malnutrition and hunger, its impact in low income countries where people on average are younger, and whether people who recover have some protection against a future infection.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amid the pandemic, the right to vote is a life and death issue'Voter suppression can worsen amid the Covid-19 pandemic, and urgent action is needed to protect everyone's right to vote,' Nicole Austin-Hillery writes for CNNOpinion.
Read more »
5 ways couples can work together during the coronavirus pandemic to protect their financesAs the coronavirus pandemic continues, here are five ways financial experts say couples can work together to better protect their finances.
Read more »
These Food Industry and Home Goods Businesses Are Now Selling Face MasksGIR, Hedley & Bennett, Tilit, and more are making masks to help protect people during the coronavirus pandemic.
Read more »
Merck sees $2.1 billion hit to full-year sales from coronavirus pandemicMerck & Co Inc warned of a $2.1 billion hit to its 2020 revenue on Tuesday as social distancing due to the COVID-19 pandemic is expected to hammer sales of medically administered drugs including its blockbuster Keytruda treatment.
Read more »
Middle East Broadcasters Scramble to Serve up Ramadan Soaps Amid PandemicBroadcasters across the Arab world are clambering to serve up Ramadan soaps as the coronavirus pandemic forces the world’s 1.8 billion Muslims to observe the Islamic calendar’s holy month at home r…
Read more »