Belgium, Korea: Do More to Fight Poverty

The funds needed to fight extreme poverty are locked away in rich countries. Tweet for leaders to take action.

What to know:

  • The International Monetary Fund provides global financial support, but its rules mean rich nations received far more funding.
  • Rich nations have been urged to share at least 25% of the extra money they received with countries facing extreme poverty.
  • Belgium and Korea have both pledged support, but well below 25%. Urge them to do more. Tweet now.

Learn More about this cause:

Special Drawing Rights (SDRs) are financial assets used in times of crisis to help countries, distributed by the International Monetary Fund (IMF).

But whilst lower-income countries needed urgent support, billions of these funds went to already wealthy higher-income countries. 

The system has been criticized as deeply unfair and the UN has called for at least 20% of the funds received by wealthy nations to go to countries in severe need.

While some countries have stepped up fully, Belgium and Korea have pledged to share much less than the 25% we are demanding. 

More than ninety million people have been pushed into extreme poverty due to the Covid-19 pandemic. Every wealthy country must step up to their global responsibility and fully 

Help urge Belgium and Korea to do more and pledge over the 25%. Tweet now.