UN urges world govts, financial institutions to support private sector over global recession

UN urges world govts, financial institutions to support private sector over global recession

FILE PHOTO. For illustrative purposes only. THE United Nations Human Rights Organisation, in Geneva, on Friday, advised governments to consider the introduction of an emergency universal basic income to support individuals in the private sector as world economy slips into a global recession brought on by the Coronavirus outbreak.

Juan Pablo Bohoslavsky, UN Independent Expert on the effects of foreign debt and human rights said despite efforts made by many countries to counter the economic impacts of the outbreak through large-scale economic stimulus measures, it is of utmost importance to ensure that the plans go beyond bailing out large […]

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