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Coronavirus Pandemic Could Push 600 Million More People into Poverty

HeadlineApr 09, 2020

The coronavirus pandemic could push an additional 600 million people into poverty, unless urgent action is taken to bail out poor countries. That’s the finding of the British charity Oxfam, which is calling on world leaders to fund a $2.5 trillion rescue package to prevent “global economic collapse.” The proposal would cancel $1 trillion of poor countries’ debts to free up cash for food and medicine. Oxfam warns that without massive intervention, half of all jobs in Africa could be lost to the pandemic.

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