Developed countries must take responsibility for the climate crisis they initiated by paying reparations for developing countries, including mine.
Special Drawing Rights
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How the U.S. Can Support Developing Countries Fighting COVID — for $0
Nigeria has 200 million people, a burgeoning COVID-19 crisis, and poor health infrastructure. Congress needs to act.
Multilateral Money
While U.S. investors are debating whether the financial crisis is ending, the damage is still spreading in developing countries. Countries more remote from the meltdown’s epicenter, like those in sub-Saharan Africa, did not feel the pinch immediately, but are now facing big drops in foreign investment, crashes export income due to falling commodity prices, and decreased remittances from citizens working abroad, where their jobs are the most vulnerable to the crisis. The fragility of low-income countries’ economies means that the crisis is likely to last longer and hit them harder.