UN calls for $2.5 trillion coronavirus crisis package for developing countries

The consequences of a combined health pandemic and a global recession will be catastrophic for many developing countries and halt their progress towards the Sustainable Development Goals.

– $1 trillion should be made available through the expanded use of special drawing rights
– $1 trillion of debts owed by developing countries should be cancelled this year
– $500 billion needed to fund a Marshall Plan for health recovery and dispersed as grants

UNCTAD urgently calls for a $2.5 trillion #coronavirus aid package to help developing countries avoid worst-case scenarios and impacts. A combined health crisis and global recession will be especially catastrophic for the world’s most vulnerable. https://bit.ly/2JoRTub