Poorest countries will be $12tn worse off by 2025 due to Covid – UN

Wed, 15 Sep 2021 14:00:48 GMT 17

Poorest countries will be $12tn worse off by 2025 due to Covid – UN


Pandemic has added to their debts while wealthy nations limit access to vaccines, says annual report

The world’s poorest countries will be left $12tn (£8.7tn) worse off by 2025 amid a weaker economic recovery from Covid-19 as wealthy nations limit their access to vaccines, the United Nations has warned.

In its annual trade and development report, the UN Conference on Trade and Development (Unctad) said low-income countries had been hit much harder by the pandemic than during the 2008 financial crisis, adding to their debts and piling pressure on their public finances.

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