UNDP report suggests countries could pay for program by repurposing billions of dollars that would have been spent servicing their debt
This translation has been automatically generated and has not been verified for accuracy.A temporary basic income for the world’s poorest 2.7 billion people in 132 developing countries could help slow the spread of the coronavirus by allowing them to stay home, according to a UN Development Programme report released on Thursday.
“Unprecedented times call for unprecedented social and economic measures. Introducing a temporary basic income for the world’s poorest people has emerged as one option,” said UNDP Administrator Achim Steiner. “Bailouts and recovery plans cannot only focus on big markets and big business.”The coronavirus has infected at least 14.8 million people and there have been more than 610,000 known deaths worldwide, according to a Reuters tally.
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