Summary: The text discusses the impact of the COVID-19 pandemic on the global economy, focusing on the challenges faced by developing countries. It highlights the significant economic downturn experienced by these nations due to reduced trade, tourism, and remittances. The text mentions the need for immediate and substantial financial assistance to mitigate the economic fallout and prevent long-term damage to these economies. It also emphasizes the importance of debt relief, increased aid, and policy coordination among international organizations to support developing countries in their recovery efforts. Overall, the text underlines the urgency of addressing the economic crisis in these nations to prevent a widening global economic disparity in the aftermath of the pandemic.