The world will recover from the economic shock of the COVID pandemic, the International Labour Organization (or ILO) said on Wednesday in a new report, but only if poorer nations receive some financial assistance to get back on their feet.

In an interview with UN News’s Daniel Johnson, ILO chief Guy Ryder, explains that unlike the last global financial crisis in 2008-9, that affected mainly wealthier countries, the current downturn has hit developing nations hardest.