United Nations Development Programme
Ensuring Post-COVID-19 Economic Recovery for Developing and Least Developed Countries
The COVID-19 pandemic has significantly impacted the economic section around the globe due to reduced productivity, business closure, restriction of movement, and reduction of tourism. Experts from The United Nations (UN), World Health Organization (WHO), and the United Nations Development Program have highlighted the importance and concern about extreme poverty in developing countries with large informal section driven by many factors such as factory closure, the fall of global trade, unemployment, loss of income, inaccessible healthcare and weak social protection. More than 90 developing countries have approached the International Monetary Fund (IMF) for access to financial assistance and emergency. According to the United Nations Development Programme, developing countries could see income losses over $22 billion. International actions are required not only to protect economic prosperity but also to save lives.