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LATEST NEWS UPDATES | Women's Day: UNDP bats for temporary basic income to combat COVID-19 -Madhumita Paul

Women's Day: UNDP bats for temporary basic income to combat COVID-19 -Madhumita Paul

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published Published on Mar 5, 2021   modified Modified on Mar 11, 2021

-Down to Earth

Monthly investment of 0.07-0.31% of a developing countries’ GDP can provide financial security to 613 million working-age women living in poverty

A temporary basic income (TBI) for poor women in developing countries can help millions of them cope with the effects of the novel coronavirus disease (COVID-19) pandemic, according to United Nations Development Programme (UNDP) findings released on March 4, 2021 ahead of International Working Women’s Day.  

The large-scale TBI scheme proposed by UNDP in a policy brief showed that a monthly investment of 0.07-0.31 per cent of a developing countries’ gross domestic product (GDP) could provide reliable financial security to 613 million working-aged women living in poverty.

“The benefits of such a meaningful investment could not only help women and their families absorb the shock of the pandemic, but also empower women to make independent decisions about money, livelihoods and life choices,” said Achim Steiner, UNDP administrator.

Women have been hit harder than men by the pandemic, losing income and leaving the labour market at a greater rate. This vulnerability is due to gender inequality.

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Down to Earth, 5 March, 2021, https://www.downtoearth.org.in/news/economy/women-s-day-undp-bats-for-temporary-basic-income-to-combat-covid-19-75791?fbclid=IwAR0ugYKTcBnhBYUDglDsM25cP9lgyk0M2QPWUibAklC5l-bVDfW-eQeZFwE


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