WHO, IMF say saving lives 'prerequisite' to save jobs

Image
AFP Geneva
Last Updated : Apr 03 2020 | 10:08 PM IST

The WHO and IMF chiefs insisted Friday that saving lives was a "prerequisite" to saving livelihoods in the coronavirus pandemic -- a crisis they called "one of humanity's darkest hours".

World Health Organization director-general Tedros Adhanom Ghebreyesus and International Monetary Fund managing director Kristalina Georgieva said getting the COVID-19 virus under control first was necessary to revive economic activity -- though they admitted it was difficult to strike the right balance.

The world economy has been pummelled by the virus and the associated lockdowns, with more than half the population of the planet under some kind of stay-at-home order to stem the spread of the pandemic.

COVID-19 has killed more than 50,000 people, while more than a million have tested positive for the virus.

"As the world responds to COVID-19, country after country is faced with the need to contain the spread of the virus at the cost of bringing its society and economy to a standstill," Tedros and Georgieva wrote in a joint article in the British newspaper The Daily Telegraph.

"At face value there is a trade-off to make: either save lives or save livelihoods. This is a false dilemma -- getting the virus under control is, if anything, a prerequisite to saving livelihoods."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 03 2020 | 10:08 PM IST

Next Story