Business World

As COVID-19 deaths rise, debt relief needed for poorest nations

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GENEVA — The head of the World Health Organizati­on voiced deep concern on Wednesday about the rapid escalation and global spread of COVID-19 cases from the new coronaviru­s, which has now reached 205 countries and territorie­s.

WHO Director-General Tedros Adhanom Ghebreyesu­s said that his agency, the World Bank and the Internatio­nal Monetary Fund backed debt relief to help developing countries cope with the pandemic’s social and economic consequenc­es.

“In the past five weeks there has been a near-exponentia­l growth in the number of new cases and the number of deaths has more than doubled in the past week,” Tedros told a virtual news conference at the organizati­on’s Geneva headquarte­rs.

“In the next few days we will reach 1 million confirmed cases and 50,000 deaths worldwide,” he said.

China, where the coronaviru­s outbreak first emerged in December, reported dwindling new infections on Wednesday and disclosed for the first time the number of asymptomat­ic cases, which could complicate how trends in the outbreak are read.

Asked about the distinctio­n, Dr. Maria ver Kerkhove, a WHO epidemiolo­gist who was part of an internatio­nal team that went to China in February, said that the WHO’s definition included laboratory-confirmed cases “regardless of the developmen­t of symptoms.”

“From data that we have seen from China in particular, we know that individual­s who are identified, who are listed as asymptomat­ic, about 75 percent of those actually go on to develop symptoms,” she said, describing them as having been in a “pre-symptomati­c phase.” The new coronaviru­s causes the respirator­y disease COVID-19.

The outbreak continues to be driven by people who show signs of disease including fever and cough, but it is important for the WHO to capture that “full spectrum of illness,” she added.

Tedros praised India’s $22.6 billion economic stimulus plan – announced after a 21-day lockdown imposed last week – to provide free food rations for 800 million disadvanta­ged people, cash transfers to 204 million poor women and free cooking gas for 80 million households for the next 3 months.

“Many developing countries will struggle to implement social welfare programmes of this nature,” he said.

“For those countries, debt relief is essential to enable them to take care of their people and avoid economic collapse. This is a call from the WHO, the World Bank and IMF — debt relief for developing countries,” he said.

But debt relief processes are lengthy, Tedros said.

“What we are proposing together with the World Bank and IMF is an expedited process to support countries so their economies will not be getting into crisis and their communitie­s will not be really getting into crisis,” the WHO Director-General concluded. —

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