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COVID-19: 50 million people threatened by hunger in West Africa
According to the Economic Community of West African States (ECOWAS), the impact of the coronavirus pandemic could increase the number of people at risk of a food insecurity and malnutrition from 17 million to 50 million people between June and August 2020. As Ramadan begins this week, eight regional and international organizations warn of the…
IMF’s gold holdings soar by nearly $20B since start of COVID-19 pandemic
The International Monetary Fund’s (IMF) gold holdings have increased in value by USD $19.3 billion since the start of the global coronavirus pandemic, said Oxfam today. This increase alone is equivalent to more than the total debt (USD $12.4 billion) owed this year by the poorest countries to multilateral institutions like the IMF and World…
Half a billion people could be pushed into poverty by coronavirus, warns Oxfam
The economic fallout from the coronavirus pandemic could push half a billion more people into poverty unless urgent action is taken to bail out developing countries, said Oxfam today. The agency is calling on world leaders to agree an ‘Economic Rescue Package for All’ to keep poor countries and poor communities afloat, ahead of key…
Up to 250 people per single water tap in refugee camps braced for arrival of coronavirus
Refugees living in camps are sharing one tap between up to 250 people and many have less than 3.5 square metres of living space per person, which will make it extremely difficult to contain a coronavirus outbreak, Oxfam said today. The virus could also be catastrophic for people and places hit by conflicts, like Yemen,…