Center for Sustainable Development Media Mentions
Many of today’s unemployed workers may find it harder than in the past to find new jobs and advance through the labor market.
"The Congress was very clear in rewriting the legislation, in writing the Build Act, in giving the DFC a very strong development mandate that fits in with U.S. foreign policy. It did not have a domestic mandate."
"We really need much more of a systemic transformation in economies. So now you see country after country coming out with recovery plans like the European Green Deal that emphasize environmental sustainability and social inclusion. There's a tremendous mindset change."
The tragedy is that because Africa is not growing fast, this collapse of the middle class could take several years to recover.
Whatever the approach, poor countries will need help from developed ones. Rich countries have spent a stunning $8trn on supporting their own citizens during the pandemic.