UNCTAD News l UN calls for $2.5 trillion coronavirus crisis package for developing countries

Package made up of “helicopter” money via special drawing rights, a debt jubilee, and Marshall Plan for health and social services

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06 April 20
UNCTAD News
UN calls for $2.5 trillion coronavirus crisis package for developing countries
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With two-thirds of the world’s population living in developing countries (excluding China) facing unprecedented economic damage from the COVID-19 crisis, the UNCTAD is calling for a $2.5 trillion package for these countries to turn expressions of international solidarity into meaningful global action. More (https://unctad.us6.list-manage.com/track/click?u=3592d5dcafd1b9278dd78095f&id=068f318454&e=68e5ef268d) .
COVID-19 requires gender-equal responses to save economies
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The impact of the COVID-19 pandemic is not gender-neutral, as it affects men and women differently. Therefore, we must not be gender-blind in our responses to the pandemic, or else women will carry a disproportionately higher economic cost than men. More (https://unctad.us6.list-manage.com/track/click?u=3592d5dcafd1b9278dd78095f&id=68cff536db&e=68e5ef268d) . (https://unctad.us6.list-manage.com/track/click?u=3592d5dcafd1b9278dd78095f&id=87d204c09b&e=68e5ef268d)
Barbados bets on tuna to boost the value of fish exports
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Barbados fishing industry representatives and United Nations agencies have drafted a strategy to increase the value of the island’s tuna exports. If fully implemented, it could dramatically boost revenue from tuna exports, from $303,000 in 2015 to $7.5 million in 2027, UN officials say. Fishers would earn an additional $2.5 million over the same period. More (https://unctad.us6.list-manage.com/track/click?u=3592d5dcafd1b9278dd78095f&id=9d748eff22&e=68e5ef268d) .
Countries launch investment policies to counter COVID-19
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UNCTAD‘s latest Investment Policy Monitor (IPM) shows that investment policy responses to the coronavirus pandemic vary from country to country.
They include measures supporting investors and domestic economies in general and policies to protect critical domestic infrastructure and industries, particularly in the health sector. At the international level, the Group of Twenty (G20) and Group of Seven (G7) leading economies have issued statements in support of investment and global value chains. More (https://unctad.us6.list-manage.com/track/click?u=3592d5dcafd1b9278dd78095f&id=8abd336001&e=68e5ef268d) .
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