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By Irit Tamir, Director of Oxfam America’s Private Sector Department
COVID-19 has laid bare the deep inequalities our economic model has fostered and thus is a major threat in achieving the UN Sustainable Development Goals, particularly SDG 10 (reducing inequalities). Business has a role to play in achieving SDG 10—but a recent Oxfam report highlights how big corporations are exacerbating rather than reducing inequality.
While the global pandemic saw devastating jobs losses of 400 million, nearly have a billion people are expected to be further pushed into poverty. But not everyone is losing out – billionaires have seen their incomes rise as shares in big corporations saw their profits jump. Power, Profits and the Pandemic: From corporate extraction for the few to an economy that works for all found five ways in which corporations are exacerbating inequality.
Continue reading this article on our Goalmakers Blog. Read More “Tackling SDG10 Means Shifting Power and Profits”
By Zama Neff
“It does not make me happy that my children are no longer going to school,” the mother of two preschool-age children in North Kivu, a conflict-affected region in the Democratic Republic of Congo, told us. “Years don’t wait for them. They have already lost a lot. . . . What will become of our uneducated children?”
Children around the world face an unprecedented threat to their human rights. Pandemic-related school closures have affected 1.5 billion students, placing children at immediate risk of labor exploitation, hunger, recruitment into armed groups, and, especially for girls, child marriage, and sexual violence. Two decades of gains in reducing child labor and increasing school enrollment are under threat. Read More ““Years don’t wait for them”: 5 Things to Do Now to Protect Children’s Rights During Covid-19”
By Ed Cable, President
Governments everywhere are seeking to soften the blow to small and microbusinesses from the COVID-19 pandemic, and to provide transfer payments to the most vulnerable individuals. At Mifos, we’re intent on bringing open source technologies for financial inclusion to meet this moment. Read More “Responding to COVID-19 with Financial Inclusion Solutions”