[Graphics: The Standard]Developing countries have used most of their Covid-19 recovery funds to bail out big businesses, neglecting millions of people who have been pushed into poverty. These include cash-in-hand workers, women and the disabled, a study has revealed. The findings by the Financial Transparency Coalition civil society group were based on spending in Kenya, South Africa, Sierra Leone, Bangladesh, Nepal, Honduras, Guatemala and El Salvador. India dedicated 38 per cent of the aid to welfare schemes, a share that reached 32 per cent in South Africa. Despite making up most of the workforce in all nine countries, informal workers got just two per cent of state aid on average.

Source: Standard Digital April 26, 2021 09:11 UTC