COVID HAS WORSENED INEQUALITY EVEN AS THE RICH THRIVE: OXFAM

Written by on January 25, 2021

IT COULD TAKE MORE THAN 10 YEARS FOR THE WORLD’S POOREST PEOPLE TO RECOVER FROM THE ECONOMIC FALLOUT OF THE ONGOING COVID-19 INDUCED PANDEMIC, ACCORDING TO A NEW REPORT PUBLISHED ON MONDAY BY OXFAM INTERNATIONAL, URGING GOVERNMENTS TO ACT FAST AND “SET CONCRETE, TIME-BOUND TARGETS TO REDUCE INEQUALITY”.

THE EXECUTIVE DIRECTOR OF OXFAM INTERNATIONAL, GABRIELA BUCHER, SAYS THE DEEP DIVIDE BETWEEN THE RICH AND POOR IS PROVING AS DEADLY AS THE VIRUS,” ADDING, THAT “THE FIGHT AGAINST INEQUALITY MUST BE AT THE HEART OF ECONOMIC RESCUE AND RECOVERY EFFORTS.

THE UNITED KINGDOM-BASED CHARITY SAYS CURRENTLY, THE RECESSION IS OVER FOR THE WORLD’S RICHEST BILLIONAIRES WHO HAVE RECOUPED THEIR LOSSES WITHIN NINE MONTHS SINCE THE PANDEMIC BEGAN SPREADING ACROSS THE GLOBE.


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