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Covid-19 Further Exposes Inequalities in Global Financial Systems

Since the start of the global Covid-19 pandemic, developed countries have injected an unprecedented US$9 trillion into their economies to stem the fallout. Developing countries in Africa, Latin America and Asia, are not in the same position though, writes Ramya Vijaya for The Conversation. Many small businesses have closed due to lockdown measures, while some industries have taken a huge knock on exports and trade. A few countries, like Nigeria, received stimulus packages from the International Monetary Fund to boost their economies during the Covid-19 period.

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Map of Africa (file photo).

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