Cambodia performs better on global commitment to reduce inequality, despite COVID-19
For months on end, governments worldwide have shown their commitment in tackling the rippling effects of the COVID-19 outbreak. Their commitment has been demonstrated by the allocation of additional resources to assist sectors and vulnerable groups heavily affected by the outbreak, and the review of policies to optimise the impacts of response and recovery measures. Despite the investments that governments have pledged, a new report from Oxfam and Development Finance International (DFI), released in October 2020, reveals that low spending on public healthcare, weak social safety nets and poor labour rights have meant that the majority of the world’s countries were sadly ill-equipped to fight the COVID-19 outbreak.
The global commitment to reducing inequality index (CRII) shows that only 26 out of 158 countries were spending a recommended 15% of their budgets on health prior to the pandemic, and in 103 countries, at least 1 in 3 workers lacked basic labour rights and protection, such as sick pay, when the virus struck. In 2018, the index ranked Cambodia at 121 out of 158 countries, and today the country has climbed to 111. The increase in rank demonstrates the positive progress that Cambodia has made in policies on public services, tax and workers’ rights - 3 areas that are essential to reducing inequality and weathering the COVID-19 storm.
While Cambodia performs well on taxation (ranking at 33) thanks to various reforms being introduced over the last 2 years, its lower labour (ranking at 114) and public services (ranking at 128) policies drag the overall score in the index to ranking at 111.
Please find the full brief in the attachment.
You also can find out the full report and learn more about the methodology at :https://bit.ly/3dS5I2y