According to the International Labor Organization the global working hours fell by 14% in the second quarter of 2020. This is the equivalent of 400 million full-time jobs being lost. The worldwide Corona Virus pandemic has caused unprecedented financial losses to businesses and their employees worldwide. Employees were either transferred to working remotely at home or losing their jobs at a time when hiring was put on hold in most companies
When G7 Foreign and Development Ministers meet in London this week they will discuss investing $15 billion in developing countries in the next two years. This development fund will help women access jobs and build resilient businesses to combat the devastating economic impacts of COVID-19.