The UN Secretary-General launched
yesterday an appeal for funds to help the developing countries to tackle the
Covid-19 pandemic and to finance their socio-economic recovery. António
Guterres stated very clearly that this pandemic is by far the deepest crisis
the world has faced since World War II. It has many dimensions and all of them tremendously
affect the weakest people in the poorest countries of the world. The amount he
deems necessary is about $8 trillion US, meaning 10% of the global GDP.
I agree with the Secretary-General’s
analysis, approach and amount he is looking for. But I am extremely pessimist
as it regards to the response the richest countries will provide. Every country,
in the better off regions of the world, is desperately looking for resources to
deal with the impact of the Covid-19 within their own borders. The call for international
solidarity is a distant call. It will not be heard. The developing world will
be left to its own fate.
The developing countries that were
better connected to the global economy will gradually re-establish those connections.
It will take time for different reasons. The logistical chains of supply have
been seriously disrupted, the demand in developed economies will remain weak
for a good period and there will be an attempt to produce locally what was up
to now imported from afar. International trade might take a new shape, to operate
within smaller circles of nations.
The countries that were outside the
global sphere of production and commerce will continue to struggle at subsistence
level. Poverty will continue to be as widespread as it is now. The opportunities
to go beyond the local level will not open. And we can easily guess that international
cooperation and aid priorities will go further down in the multilateral agenda.
In both cases, food production for
local consumption will become the central concern. Any assistance to the
agricultural sector will make a difference. The other concern will be to
maintain peace and security in societies that have been profoundly
de-structured and further impoverished.
The media that matters is too busy with
the Covid-19 progression in the most developed societies to give any serious
echo to Antonio Guterres’s appeal. No media attention means additional hurdles
in terms of money mobilisation.
Independently of the success of this initiative, the Secretary-General did the right thing. He must be the moral voice of those who are too far from the wealthy and the powerful to be heard.
Independently of the success of this initiative, the Secretary-General did the right thing. He must be the moral voice of those who are too far from the wealthy and the powerful to be heard.
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