www.linkedin.com/feed/news/big-biz-thrives-at-workers-expense-4293481
Big Businesses have a moral duty to help reduce the impact of layoffs and furloughs during the pandemic which has metamorphosed from a global health crisis to a full scale financial crisis. With the socioeconomic effects being felt by vulnerable and developing countries (low-income and middle income nations). Over 500 million jobs have been lost and 270 million people marching towards hunger and extreme poverty. Export receipts and local currencies have crashed threatening debt solvency of vulnerable countries.
This has caused the UN Secretary General and the Prime Ministers of Canada and Jamaicans to convene the largest meeting of world leaders, ministries, international financial and development organizations and economic and development policy experts. The Financing for Development in the Era of Covid 19 Pandemic initiative has six working groups with six focal areas comprising external debts, remittances, job creation, healthcare, illicit financial flows and climate impact disclosures et al.