24.1 C
Basseterre
Thursday, August 13, 2020
Home News Regional News C'bean Economies Will Only Be Reactivated If COVID-19 Curve Flattens — Report

C’bean Economies Will Only Be Reactivated If COVID-19 Curve Flattens — Report

WASHINGTON, United States (CMC) — A new joint report by the Economic Commission for Latin America and the Caribbean (ECLAC) and the Pan American Health Organization (PAHO) has warned that regional economies will only be reactivated if the curve of contagion of the coronavirus (COVID-19) pandemic is flattened.

The report — released at a joint press conference led by Alicia Bárcena, ECLAC’s executive secretary, and Dr Carissa F Etienne, PAHO’s director — proposes a three-phase approach that includes the adoption of health, economic, social and productive policies that aim to control and mitigate the effects of the pandemic, reactivation with protection, and rebuilding in a sustainable and inclusive way.

According to the report titled, “Health and the Economy: A Convergence Needed to Address COVID-19 and Retake the Path of Sustainable Development in Latin America and the Caribbean,” some countries have led the region to become the current epicentre of the pandemic, topping global case numbers.

As of July 29, the report said there are more than 4.5 million cases of COVID-19 and almost 190,000 deaths in Latin America and the Caribbean.

“A significant number of countries remain far from achieving a sustained and significant flattening of the curve of contagion. The pandemic has also unleashed an unprecedented economic and social crisis which, if urgent measures are not taken, could transform into a hunger and humanitarian crisis.”

The report adds that the pandemic has “profoundly affected the lives and livelihoods of people in the region”.

“The pandemic has caused the most abrupt recession in history”, which, according to ECLAC projections, will imply “a regional drop in growth of -9.1 percent in 2020, along with a rise in unemployment to 13.5 percent, an increase in the poverty rate of 7.0 percentage points, which will reach 37.3 percent of the population, and a sharpening of inequality with an average rise in the Gini index of 4.9 percentage points”.

The report states that health systems in the region, “which were already underfunded and fragmented prior to the arrival of COVID-19, are having to face the pandemic with weaknesses in the performance of the health authorities’ steering role”.

It notes public health expenditure averages a mere 3.7 percent of gross domestic product (GDP), far from the six percent target recommended by PAHO.

Most Popular

Taxi Drivers Discuss Employment, Improved Communication With Tourism Officials

By Kevon Browne St. Kitts and Nevis (WINN): Taxi drivers are praising the government's handling of COVID-19 but pressing for answers about the revival of...

Severance Fund Empty, But Government Promises To Make Good On Payments

By Kevon Browne St. Kitts and Nevis (WINN): The Social Protection Fund, or Severance Payment Fund, of 1986, set up to protect employees from foreign...

Family To Honour Jerry’s Wish For Private Funeral

(iWitness News) Communications professional and activist Samuel Jeremiah George better known as Jerry S. George will be given a private funeral and burial this...

Uber May Be Forced To Shut Down California Ride Services Over New Driver Ruling

(Reuters) - Uber Technologies Inc would be forced to shut down its ride-hailing operations in California if a court ruling that blocks it from...

Nevis Among Caribbean-G 8 Islands To Launch Intra-Regional Tourism Marketing Campaign

NIA CHARLESTOWN NEVIS -- The following is a press release from the Nevis Tourism Authority (NTA) dated August 11, 2020, regarding the launch of...

Nearly 400 Small Businesses Already Registered For Govt’s Economic Stimulus Grant

(BVI News) Almost 400 businesses across the British Virgin Islands have already registered to receive the government’s economic stimulus grant, which is designed for...

Hon. Akilah Byron-Nisbett In The Process of Conducting “Listening Tour”

Basseterre, St. Kitts (SKNIS): Speaking at the Prime Minister's Press Conference on August 11, 2020, held at the National Emergency Management Agency (NEMA), Minister...

NEVLEC’s Street Lighting Replacement Project Continues Though COVID-19 Slows Progress

NIA CHARLESTOWN NEVIS -- The drive of the Nevis Electricity Company Limited (NEVLEC) to replace thousands of street lamps on the island, has slowed...

NBA Lays Out Plan For Player Guests To Enter Disney Bubble

LAKE BUENA VISTA, Fla. (AP) — NBA players could have some family members or close friends inside the season-restart bubble with them by the...

National Assembly Meets Thursday

By Clive Bacchus St Kitts and Nevis (WINN): The second sitting of the National Assembly, since the June 5 general elections, is slated for Thursday,...

OPEN IN NEW WINDOW

Contact a Program
If you are interested in a program or advertising, send us a message.
Send Message
Signup for our Newsletter
We'll only be in touch when we've something exciting to share.
We never share your details
No thanks
Subscribe