The richest countries need to cancelthedebt so developing countries can fight the coronavirus

These are difficult times for us all. The country remains in the grip of the Coronavirus, impacting on all our lives and for many of us, income too.

Oxfam are on the front lines of the crisis around the world.

  • In Lebanon, Oxfam is distributing soap to 5,000 people
  • In Iraq we are providing infection control materials to public health workers
  • In Hong Kong we’ve given 110,000 masks to street cleaners and communities in need
  • In Italy we are working to support teachers with essential materials

The crisis could get so much worse when the virus takes hold in the world’s poorest countries.

As a first step – we need to cancel the debt for the poorest countries.

The speed at which the pandemic has spread around the world shows that countries cannot defeat the virus on their own, more than ever we need a global response. As a first step – urgent need for debt cancellation for poorest countries. Many of these countries are burdened with huge amounts of debt. This has constrained their governments from being able to free up resources to spend on public health prevention and response. Debt relief could free up $40 billion for these countries to help fight the Coronavirus. Ghana is currently spending 11 times more servicing debts than on public health

Next week, leaders from the richest countries meet to discuss how the world should respond to the crisis, and specifically help the poorest countries deal with its impacts. Cancelling the debt of the world’s poorest countries is already being considered by the G20 – we need to send a message that the world can’t wait.

Join us, and thousands of other campaigners around the world in calling for G20 leaders to #CancelTheDebt and help fight COVID-19 in the world’s poorest countries.

Share this message with Chancellor Rishi Sunak on Twitter.

The richest countries need to cancelthedebt so developing countries can fight the coronavirus

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