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Oxfam calls for package of $160b in debt cancellation

By Our Correspondent
March 31, 2020

ISLAMABAD: Oxfam on Monday called for a package of nearly $160 billion in immediate debt cancellation and aid to fund a Global Public Health Plan and Emergency Response, to help prevent millions of deaths as a result of coronavirus.

Pakistan has also asked the multilateral creditors to consider debt moratorium that could be utilized to overcome the COVID-19 pandemic.

In a statement issued here, the Oxfam gave a five-point plan that would enable poor countries to take action to prevent the spread of disease and build the capacity of health systems to care for those affected.

The pandemic has caused widespread suffering in rich countries, overwhelming some of the best healthcare systems in the world. But with the disease now spreading to many poor countries where high levels of poverty and inequality risk accelerating the disease, the public health challenges are even greater. Nearly 3 billion people across the developing world do not have access to clean water, millions more do not have access to adequate healthcare and live in crowded slums or refugee camps where social isolation is impossible. As women make up 70 percent of health workers and carry out most unpaid care work, it will hit them the hardest.

Jose Maria Vera, Oxfam International Interim Executive Director, said: “In Mali there are three ventilators for one million people. In Zambia, one doctor for 10,000 people. We know from Oxfam’s experience of fighting Ebola that with rapid action, this disease can be stalled and its catastrophic impact stopped. But we must act now and on a scale never seen before. “Without urgent, ambitious and historic action, we could easily see the biggest humanitarian crisis since the World War Two.”

The Imperial College estimates that in the absence of interventions, the coronavirus could have caused as many as 40 million deaths in the coming year. The Imperial College estimates that at least 40 million people across the globe could lose their lives unless urgent action is taken. Oxfam calculates that doubling the health spending of the 85 poorest countries, home to nearly half the world’s population, would cost $159.5 billion dollars. This is less than 10 per cent of the US fiscal stimulus to fight Coronavirus. While some donor institutions have begun to increase funding, the scale is not anywhere near the immense size of the challenge.

Oxfam is working with local partners, ministries of heath and key UN agencies in 65 countries to respond to the crisis and help save lives. In Cox’s Bazaar, Bangladesh, where over 855,000 Rohingya are living in makeshift camps, Oxfam is already scaling up preventive measures like soap distribution and handwashing stations at communal facilities to help 70,000 refugees. In the Zaatari camp, Jordan, the largest Syrian refugee camp in the world, Oxfam has already started hygiene and hand washing awareness for 2,000 children and aims to reach 78,000 people with water, hygiene and sanitation. And in Burkina Faso, where 780,000 people are internally displaced (IDP), Oxfam is currently working in some of the largest IDP areas ensuring that both host communities and displaced people have access to safe, clean water. To meet the desperate humanitarian need now emerging, all governments must step up and fully fund the UN Global Humanitarian Response plan.

Oxfam is calling for the G20 and other national governments to tackle the virus head on by agreeing to an ambitious Global Public Health Plan and Emergency Response.

Vera added: “It’s understandable that national leaders are focused on helping their own citizens, but G20 leaders must also find the space for supporting poor nations too. We can only beat this pandemic if we act in solidarity with every country and for every person. No one is safe until we are all safe.”