Africa: Reform Needed As Big Business, Not Vulnerable Communities Benefit From Post-Pandemic Support

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Big Business, Not Vulnerable Communities, Benefited From Post-Pandemic Support - Report: Africa FinTrCo

By Ed Holt

Matti Kohonen, Director of the Financial Transparency Coalition , which was behind the report, told IPS:"The elite have been sheltered from the worst effects of the pandemic. Nearly 40 percent of Covid-19 recovery funds went to large corporations, through measures like loans and tax cuts. This means that social protection for, in particular, women and informal workers, has been inadequate.

These women also often have jobs most likely to be associated with poor conditions, limited or non-existent labour rights and social protection, and low pay. "Most countries did not have disaggregated gender data; it was only partial. This in itself should be a red flag - it shows that the people who were implementing these support schemes did not think of women as a priority," Guerrero told IPS.

 

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