The UK Government will match the first £5 million of donations from the British public to the Disasters Emergency Committee’s (DEC) Coronavirus Appeal, International Development Secretary Anne-Marie Trevelyan announced on Tuesday 14 July. Money raised from the appeal will boost the work of 14 leading British charities, helping some of the world’s most vulnerable people deal with the pandemic, especially those living in refugee camps who have escaped from warzones.

SOURCE: UK Government

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The Secretary-General of the African Continental Free Trade Area (AfCFTA) Secretariat, Mr Wamkele Mene, recently identified an efficient implementation of the intra-African free trade agreement as a critical tool in the hands of the continent’s leaders to stimulate and re-inject dynamism into Africa’s post-COVID-19 economy.

SOURCE: Business Hallmark

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Governments’ economic responses to the COVID-19 pandemic have included an array of measures to help people and businesses weather the storm. Small and medium-size enterprises (SMEs) are in an especially difficult position. Plunging demand has forced them to lay off workers, and many don’t have the financial resources to survive in this climate. In many countries, up to one-third of SMEs could go bust within three months of when the pandemic began in their countries.1 But their viability will be critical to any postcrisis recovery: SMEs account for two-thirds of global employment and half of global GDP. A failure to protect them could put the entire global economy at risk.

SOURCE: Mc Kinsey

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We are witnessing a convergence of crises. The world is facing an unprecedented scale of human devastation from COVID-19 and communities are at risk of widespread destitution. The loss of lives is heart-breaking. The economic crisis has caused widespread hardship and uncertainty as swaths of the global workforce face unemployment, loss of income and mass workplace closures. This can only multiply global inequality, writes International Trade Union Confederation General Secretary and Global Commission on the Economy and Climate member Sharan Burrow.

SOURCE: EU Reporter

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