A stark divide has emerged between the more developed world and the less developed world in the economic recovery from the Covid-19 pandemic. Wealthier nations have secured most of the global vaccine supply and have had the capacity to deliver massive economic stimulus packages. In poorer nations, vaccination rates remain dismally low, and the impact of the pandemic is compounded by a looming debt crisis. As revenues have crashed and the strain on healthcare and social assistance systems has soared, many less developed countries face crippling debt burdens which hinder their ability to fight the pandemic and invest in sustainable development, and which threaten to increase inequality and depress global economic output for years to come….
Read the full article at: https://theowp.org/urgent-debt-relief-measures-needed-to-accelerate-low-income-countries-pandemic-recovery/