My latest contribution on Covid19 and inequalities. The main ideas are :
- Covid-19 exacerbates inequalities and pre-existing socioeconomic disparities, thereby threatening the stability of many countries
- Inequalities’ transmission factors include education, job exposure to infections, job availability, housing, transportation and safety nets
- Supporting the income of disadvantaged households and boosting job supply should be the priority. Impact finance and philanthropic funds, such as zakah and waqf, are important in complementing government-supported mechanisms
Full article at IRTI Blog : https://blogs.irti.org/why-covid-19-exacerbates-inequalities-and-what-to-do-about-it/
Published by Wael Mohamed Aaminou
While living in the US, the 2008 financial crisis’ impact on the economy and people pushed me to question the purpose of my job as a financial consultant. I ultimately shifted gears to focus my advisory efforts on fostering a more ethical finance that puts the real economy, social welfare, and environment preservation at the center. With assignments in Northwestern Africa, Middle Eastern and Southeast Asian regions, this journey led me to challenge and shape Impact finance and Islamic finance ecosystems in as varied sectors as energy, healthcare, education, and agriculture.
Working in more than 10 countries has taught me that sustainable development challenges are complex, and that a viable solution would start by prioritizing efforts on most pressing issues when resources are limited. This is particularly true for climate change which transversally impacts virtually all SDGs. Today, as a sustainability finance advisor, I mobilize people and resources toward the adaptive challenge of building together the sustainable world that our children and planet deserve.
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