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Mexican president floats global anti-poverty plan in U.N. speech

Mexican President Andres Manuel Lopez Obrador on Tuesday pitched a global anti-poverty plan that seeks to uplift some 750 million poor people who live on less than $2 a day and would be financed largely by rich.

May 25, 2020: Before the pandemic, the number of people in poverty had been steadily falling for years. Now it is rising again for the first time since 1998. That is because all around the world most people cannot go to work, and many have been laid off. And that is particularly difficult for people in poor countries and for migrant workers. King’s College London estimates that the number of extremely poor people globally could increase by 420 million over the next several months. Al Jazeera speaks to Jayati Ghosh in New Delhi. She is the chairwoman of the Centre for Economic Studies and Planning at the Jawaharlal Nehru University.

In a speech to the United Nations, Lopez Obrador stressed that the plan could give the world’s poor masses “a dignified life” thanks to voluntary contributions from the richest individuals, corporations and countries.

Lopez Obrador proposed that the program be funded by an annual 4% contribution from the fortunes of the 1,000 richest people and corporations, plus a donation from G20 countries equivalent to 0.2% of their economies.

“The resources of this fund must reach the beneficiaries directly, without any intermediaries, by means of a personalized card or electronic wallet,” he said, adding that the World Bank and the International Monetary Fund could help design the fund.

Mexico holds the rotating presidency of the 15-member U.N. Security Council and Lopez Obrador spoke at the session at the body’s New York headquarters. The leftist leader made the comments on only his second trip outside Mexico during his first three years as president.


Published by amongthefray

News with a historical perspective. Fighting against misinformation, hate, and revisionist history.

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