More than 40 low-income countries applied for the scheme, but ultimately paid out $36.4 billion. .
During the COVID-19 lockdown in the Philippines, Lito wonders which is the bigger threat: the virus or the hunger? .
Yemen’s economy is collapsing, the humanitarian crisis is deepening and the conflict in the Arab world’s poorest nation is becoming more violent, the deputy humanitarian head of the United Nations said. The stark remarks of Deputy Secretary-General Ramesh Rajasingham came out during a briefing to the UN Security Council on Thursday. More than 20 million … Read more
A Tunisian family, once full of hope after the 2011 revolution, now struggles with poverty and some impossible choices. .
Amid economic collapse, Lebanon’s medical crisis is a “death sentence” and famine a “growing reality,” the UN says. Beirut, Lebanon – The United Nations has sounded the alarm over Lebanon spiral of economic collapse, calling on the country’s leaders to urgently implement reforms as extreme poverty rises and famine becomes a “growing reality” for thousands … Read more
New York City, United States – The world must use trillions of dollars in coronavirus recovery and stimulus to ensure countries have green economies, Achim Steiner, administrator of the United Nations Development Program (UNDP), told Al Jazeera. Steiner, Friday’s co-chairman High-level dialogue on energy (HLDE) at the UN, says the event is an opportunity for … Read more
According to Bloomberg data, Lebanon’s annual inflation rate is the highest in the world. Through Ainhoa Goyeneche and Dana KhraicheBloomberg Lebanon’s annual inflation rate has risen to the highest of any country tracked by Bloomberg, surpassing Zimbabwe and Venezuela as the financial collapse in the Middle East worsens. The consumer price index rose 137.8% in … Read more
A new report from the Nigerian National Bureau of Statistics and the United Nations Development Program illustrates how the coronavirus pandemic has had an excessive socio-economic impact on Nigeria and the livelihoods of its citizens. A new report published Tuesday offers a stark assessment of how the COVID-19 pandemic has affected the Nigerian economy and … Read more
A new report from the United Nations on Wednesday highlights divergent economic recovery across countries and casts new urgency behind warnings that richer countries are not doing enough to help poorer countries fall further behind as the world recovers from COVID-19 disruptions. “It’s really frustrating to see how the responses to the pandemic have been … Read more
The poverty rate in the United States rose to 11.4 percent in 2020 after hitting a 60-year low in 2019. Through Jill R. Shah and Alex TanziBloomberg U.S. household income fell in 2020, while the national poverty rate rose from a 60-year low when the Covid-19 pandemic rocked the U.S. economy and left millions out … Read more