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87 percent of the International Monetary Fund’s (IMF) COVID-19 loans are requiring developing countries that have been denied equal access to vaccines and are facing some of the world’s worst humanitarian crises to adopt tough, new austerity measures that will further exacerbate poverty and inequality.

The fortunes of Latin America’s 73 billionaires surged by $48.2 billion since the beginning of the pandemic even as the region buckles as one of the worst-hit regions in the world, said Oxfam today. 

Forty-three percent of women surveyed across five countries reported feeling more anxious, depressed, isolated, overworked, or ill because they are having to shoulder even more unpaid care work as a result of the coronavirus crisis, said Oxfam today.