ABSTRACT

Cost of Living: COVID-19 Humanitarian Cash Transfers to Prevent Hunger and Hardship   [open pdf - 0B]

From the Executive Summary: "The World is likely experiencing the worst economic downturn since the Great Depression with advanced and developing countries suffering severe economic impacts and devastating consequences. Contractions in economic activity in response to COVID-19 [coronavirus disease 2019] will have a disproportionate impact on hunger in countries affected by fragility, conflict and displacement. This report finds that even in a best-case scenario outlook for economic recovery, contractions in Gross Domestic Product (GDP) will stagnate the already limited progress made towards the global Sustainable Development Goal of Zero Hunger. We estimate 54 million additional people in developing countries will be hungry in 2020 as a result of economic downturn. This includes millions already on the brink, pushing them deeper into hardship and brutally halting their hope of recovery from conflict and crisis. [...] The International Rescue Committee (IRC) is calling for an urgent boost in humanitarian cash transfers. We estimate that US$1.7 billion in additional funding is required in 2020 to prevent more people going hungry in countries affected by fragility, conflict and displacement - US$760 million of this is required to respond in high refugee hosting developing countries alone."

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Date:
2020-06
Series:
Copyright:
International Rescue Committee
Retrieved From:
International Rescue Committee: https://www.rescue.org/
Media Type:
application/pdf
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