International development committee tells government that pandemic and foreign aid cuts fuelling poverty and food insecurity

Billions of dollars of debt owed by poor countries must be permanently cancelled in order to stave off a “looming financial tsunami” caused by Covid-19 and the ensuing global recession, a cross-party committee of MPs has warned.

Debt relief will not be enough to help the world’s most vulnerable economies as they face skyrocketing levels of hunger and unemployment, according to an inquiry into Covid-19’s secondary impacts in developing countries, published on Tuesday by the House of Commons international development committee (IDC).

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Source: The Guardian