Financial Transparency Coalition

Many sectors in India are still grappling with the multi-dimensional impact of COVID-19 pandemic.

G20 leaders met in Indonesia in the midst of multiple crises, with 85 percent of the world population expected to face austerity measures and severe budget cuts next year that will impact the most vulnerable compounded by an insufficient response to the Covid-19 pandemic, with only 38 percent of relief funds going to social protection in global South countries.

On Friday, April 8th at 12:00-13:30 UTC / 8:00-9:30 EDT the Financial Transparency Coalition (FTC) co-sponsored a panel discussion at the IMF’s 2022 Spring Meetings CSO Forum.

As the UN General Assembly officially opens on Tuesday, the words from Secretary-General António Guterres last year come to mind, calling on countries to spend 10 percent of their GDP in Covid-19 recovery spending.