Covid-19: Poor countries staring at a debt crisis, says UN report

Many workers in the gig economy, dominated by service sector start-ups, are poorly protected against income losses in a recession

Coronavirus cases have globally touched 1,699,631, with over 102,734 deaths. The United States has become the first country to record more than 2,000 Covid-19 deaths in the last 24 hours, the largest number of fatalities recorded in a day.

According to a UN report, billions of people living in countries teetering on the brink of economic collapse are being further threatened by a looming debt crisis.

The UN-led Inter-Agency Task Force in its report on Financing for Development suggested measures governments must take to avert debt overload and address the economic and financial havoc caused by the pandemic.

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