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    The Crisis of Extreme Inequality in SADC: Fighting austerity and the pandemic

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    Author(s)
    Martin, Matthew
    Publication date
    2022-05-10
    Subject
    Aid
    Economics
    Education
    Gender
    Health
    Inequality
    Keywords
    Austerity
    COVID-19
    Debt relief
    Public services
    Social protection
    Taxation
    Vaccine inequality
    Workers' rights
    Southern African Development Community
    Country
    Angola
    Botswana
    The Democratic Republic of Congo
    Lesotho
    Madagascar
    Malawi
    Mauritius
    Mozambique
    Namibia
    Seychelles
    South Africa
    Swaziland
    Tanzania
    Zambia
    Zimbabwe
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    Publisher(s)
    Oxfam
    Development Finance International
    Norwegian Church Aid
    Document type
    Research report
    Description

    The COVID-19 pandemic has worsened the extreme inequality in Southern African Development Community (SADC) countries, and pushed millions into poverty. The economic crisis continues due to the obscene global vaccine inequality. As of end March 2022, a dismal 14% of SADC citizens had been fully vaccinated against COVID-19, compared with 65.5% in the United States and 73% in the European Union.

    In 2021, with infections rising in SADC, the critical health, social protection and economic programmes put in place by most governments in 2020 were rolled back and replaced with austerity, in the context of growing debt burdens and lack of external support for country budgets. Such austerity has been built into IMF programmes in the region.

    Recovering from the pandemic, however, offers SADC governments a once-in-a-generation opportunity to do what their citizens want: increase taxes on the wealthy and large corporations, boost public spending (especially on healthcare, education and social protection), and increase workers’ rights as well as tackling joblessness and precarious work. With external support, including through debt relief and aid, they could reduce inequality drastically and eliminate extreme poverty by 2030. 

    Pages
    56
    DOI
    10.21201/2022.8793
    ISBN
    978-1-78748-879-3
    URI
    http://hdl.handle.net/10546/621370
    Additional Links
    http://policy-practice.oxfam.org.uk/publications/the-crisis-of-extreme-inequality-in-sadc-fighting-austerity-and-the-pandemic-621370
    ae974a485f413a2113503eed53cd6c53
    10.21201/2022.8793
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