Who Gets Squeezed by Austerity?
Our economies rely on the collective well-being of two billion informal workers, many of whom are struggling with debt and rising health costs. To achieve an equitable and sustainable global recovery, policymakers must reject policies that overwhelmingly benefit only those at the top of the economic pyramid.
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WASHINGTON, DC – When Edmundo, a waste picker in Peru, caught COVID-19, he had to take out a bank loan to pay for his visit to the clinic. Many of his colleagues also fell ill and subsequently went into debt, desperately seeking loans, emptying their savings, and selling their land and belongings to pay for clinical care and prescription drugs.