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Friday, April 26, 2024

UN seeks financial lifeline for world’s poorest people

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Nearly three billion of the world’s poorest people should receive a temporary basic income to help slow the spread of the coronavirus, a United Nations body said.

As infection numbers spike in developing countries, measures to protect vulnerable populations are “urgently needed,” according to a report released by the UN Development Program (UNDP).

Funding of $199 billion per month would provide 2.7 billion people with a temporary basic income and the “means to buy food and pay for health and education expenses,” the report said.

The virus has brought havoc to the developing world where millions work in the informal economy with little access to government welfare or other support.

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“Unprecedented times call for unprecedented social and economic measures,” said UNDP Administrator Achim Steiner.

“Bailouts and recovery plans cannot only focus on big markets and big business. A Temporary Basic Income might enable governments to give people in lockdown a financial lifeline.”

UN projections have warned the virus could kill 1.67 million people in 30 low-income countries.

The crisis has left tens of millions unemployed around the world and crippled global commerce, prompting the European Union to approve an unprecedented $858 billion aid package for its hardest-hit member states earlier this week.

Melbourne orders compulsory masks

Anyone venturing out in Australia’s second-biggest city was ordered Thursday to wear a mask as authorities struggle to contain multiple coronavirus clusters in the country’s southeast.

Victoria state, of which Melbourne is the capital, recorded 422 coronavirus cases on Thursday – a dip from a record peak of 484 on Wednesday, but its 18th consecutive day of triple-digit rises.

The mandatory mask order allows police to issue fines of $140 to anyone who refuses to cover their face in public, although previous lockdown rules have generally been enforced with warnings.

“Stability is not enough; stability won’t get us beyond this,” Premier Daniel Andrews told the media. “We have to also see compliance in the community at extraordinarily high levels.”

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