Trump Temporarily Stops U.S. Payments to WHO, World’s COVID-19 Cases Close to 2M

UTC by CoinSpeaker Staff · 3 min read
Photo: Depositphotos
Photo: Depositphotos

The U.S. is going to stop donations to the WHO amidst the outrageous coronavirus outbreak. The pandemic plunges the world into a global recession with a 3% global economy shrink.

America’s president Donald Trump has decided that his lead government should temporarily stop funding to the World Health Organization ( WHO). He explained it saying that he doesn’t share the opinion of the WHO on how the coronavirus pandemic should be handled.

This is amidst the global health crisis the world has plunged into with the coronavirus infecting over 2 million people globally leaving over 100,000 dead.

President Trump blames the WHO for taking China’s claim about the coronavirus without an ‘iron fist’ and failing to share necessary information about the pandemic as fast as it spread.

Trump said on Tuesday in a press conference at the White House that the WHO failed in its primary duty and must be held accountable. He added that the outbreak could have been contained at its source if the organization responded early on.

However, there is no specific date when America will stop the WHO funding or how much authority Trump has to halt disbursement as Congress authorizes the funds.

According to the WHO on the other hand, the U.S. has contributed $893 million to its operations during its current two-year funding cycle.

United Nations Secretary-General, Antonio Guterres while reacting, said that now is not the time to reduce resources for the WHO as the chance to investigate how the disease spread around the world would come later.

“Now is the time for unity and the international community to work together in solidarity to stop this virus and its shattering consequences,” he said in a statement.

Global Economy Shrinks amidst Misunderstanding between Trump and WHO

Owing to the ravaging effects of the COVID-19 virus, it has plunged the global economy into recession as the International Monetary Fund (IMF) has said the world’s economy will shrink by 3% this year.

This recess will mark the steepest downturn since the Great Depression with several international creditors to relieve the poorest countries in the world of their debt, as announced by France.

Reportedly, in Japan, the country’s Prime Minister, Shinzo Abe, had to come out under pressure to give out more cash to cushion the effect of the virus on the economy amidst the near $1 trillion package announced just last week.

However, America’s president Donald Trump has hard times considering when to lift the lockdown, blaming some Democratic governor to be mutineers. This blame came after New York governor Andrew Cuomo said he would refuse any order that risked reigniting the outbreak.

According to Trump’s top infectious adviser Anthony Fauci, Trump’s set date, May 1, for reopening, the economy is “overly optimistic.”

Part of the most hit industry globally with the outrageous COVID-19 pandemic is the aviation and hospitality industries. Most countries border closure, and stay at home order is biting hard in these industries.

In China, aviation firms have reported a total loss of $4.8 billion in the first quarter, its regulator said.

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CoinSpeaker Staff
Author: CoinSpeaker Staff

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