Paltry support for spending needs sets south further back

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With the pandemic setting back past, modest and uneven progress, huge disparities in containing Covid-19 and financing government efforts are widening the North-South gap and other inequalities once again.Developing country pandemicDeveloping countries are struggling to cope with their generally feeble health systems. These had been weakened by funding cuts and privatisation policies prescribed by both Bretton Woods institutions (BWIs): the International Monetary Fund (IMF) and the World Bank. Unsurprisingly, Covid-19 has become a “developing-country pandemic”.Developing countries – especially lower-middle-income countries (MICs) and low-income countries (LICs) unable to afford diagnostic tests, personal protective and other equipment, medical treatments and vaccines – now account for much more and still fast-rising shares of worldwide deaths and infections.With grossly uneven…