Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



ESCAWA calls for easing of middle-income state debt burdens
Total of 1.7m jobs across Middle East projected to be lost in 2020
Published in Daily News Egypt on 21 - 04 - 2020

Middle- and low-income states should have their debt burdens alleviated, according to Rola Dashti, Executive Secretary of the United Nations Economic and Social Commission for Western Asia (ESCWA).
Dashti's comments came during a virtual meeting organised by the International Fund for Agricultural Development (IFAD), which was attended by 80 participants from 19 states. The attendees included 10 ministers and 10 deputy ministers from the Middle East, North Africa, Europe and Central Asia.
Dashti said that it was important to include middle-income states in alleviating debt burdens rather than focusing only on poor states. The easing of these financial burdens will go a long way to maintaining food security and investing the newly-free funds in people, especially the most vulnerable.
Khalda Buzar, Director of the Near East, North Africa, Europe and Central Asia Division at IFAD, noted that 55 million people around the world face the threat of hunger due to the pandemic.
As a result, humanitarian efforts are needed to maintain agricultural production and market access. At the same time, there is also a need to increase income-generation activities for the most vulnerable, especially women, while using official development assistance.
In a recent ESCWA report, a total of 1.7m jobs will be lost in 2020 across the Middle East due to the coronavirus pandemic. ESCWA and its partners estimate that nearly 700,000 of those will be lost by women.
With women registering only about 20% of labour force participation in the Arab region, their job losses would amount to double the percentage of men's job losses, which points to largely uneven exposure.
Another ESCWA study tackling the pandemic's impact on poverty showed that workers in the informal sector would be the most affected. Roughly 62% of employed women in the Middle East work in the informal sector, with the majority of those expected to be affected by the projected rise in poverty.
One of five United Nations regional commissions, ESCWA supports inclusive and sustainable economic and social development in the Arab States, and works on enhancing regional integration.


Clic here to read the story from its source.