“Unprecedented times call for unprecedented social and economic measures. . . This might have seemed like just a few months ago. ” -UNDP Chief Achim Steiner
The rapid arrival of a transitory critical source of income for the world’s poorest people could simply stem the current wave of COVID-19 and allow around 3 billion people to remain in their homes, according to a report by the United Nations Development Programme (UNDP). UNDP) published on Thursday.
Temporary Basic Income: Protecting the Poor and Vulnerable in Developing Countries estimates that it would charge governments more than $199 billion a month to provide what UNDP describes as “a critical and guaranteed source of income for the other 2. 7 billion people living in poverty. “or just above the poverty line in 132 emerging countries.
The company describes it as a “feasible” and urgently needed measure, as the pandemic continues to infect more than 1. 5 million people every week, especially in emerging countries, where seven out of ten employees make their living in informal markets and may not make a living if they are stuck at home.
“Among the large number of people who are not covered by social insurance programs, many are casual workers, low-wage workers, women and youth, refugees and migrants, as well as other people with disabilities, and they are the most affected. through this crisis,” UNDP said in a press release published alongside the report.
UNDP has conducted testing on the socioeconomic effects of COVID-19 in more than 60 countries since the start of the pandemic, and the data confirms that employees who do have benefits still have no option to venture outside, putting themselves and their families at risk. risk.
Providing the essentials
A key source of transitional income would give them the means to buy food and pay for education and fitness, UNDP said.
It’s also a realistic fiscal measure: A six-month transitory core income, for example, would require only 12% of the expected global monetary reaction to COVID-19 in 2020, the UNDP said, for only a third of what future countries owe in terms of external debt payments through 2020.
Read the text of this article on the UN News website.
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