Where the fight against COVID-19 will be won or lost

By Adam Triggs
Updated July 1 2021 - 3:34pm, first published November 23 2020 - 6:35pm
A makeshift hospital ward for the treatment of COVID-19 patients in Dhaka, Bangladesh. Picture: Shutterstock

The latest forecasts from the International Monetary Fund make for grim reading. Between 100 and 110 million people in developing countries are projected to fall into extreme poverty because of COVID-19, reversing decades of progress in the fight against poverty. Developing countries haven't been able to spend anything like as much as rich countries, either from revenue or by running up budget deficits, limiting their capacity to battle the pandemic-induced recession. Luckily, there are practical things the rich world can do to help, and it's not just about foreign aid.