Since the COVID-19 outbreak, developing economies have suffered unprecedented capital outflows. The World Bank Group has created a virtual one-stop for the latest information about Debt Service Suspension Initiative (DSSI). It highlights the potential savings for each eligible country—both in dollar terms and as a percentage of GDP. Explore the data!
Although India has made remarkable progress in saving lives through proactive disaster preparedness and risk reduction, the country is also looking at building greater resilience of its communities and infrastructure to extreme events.
Through consultations with interested government partners, five thematic key challenges have been identified. We are looking for disruptive technology solutions in the following areas:
The World Bank’s COVID-19 response and its implications on Procurement
As part of the response to the COVD-19 crisis, the World Bank Group has announced that it expects to deploy up to $160 billion over the next 15 months by boosting health spending, strengthening social safety nets, supporting the private sector, and countering financial disruptions. It was announced that World Bank Group emergency operations to fight COVID-19 have reached over 100 developing countries.
Developing countries and the international community can take steps now to hasten recovery after the worst of the health crisis has passed, according to analytical chapters released from our latest Global Economic Prospects report. Securing core public services, getting money directly to people, and maintaining the private sector will limit the harm and help prepare for recovery.
A new report outlines how the pandemic may look different in rich versus developing countries, and how the latter may experience more severe health impacts. As our daily routines now include checking new COVID-19 numbers, data experts are exploring how more timely data could contribute to stronger development outcomes.
Over the past three months, the World Bank Group has mounted the fastest crisis response in its history. We are now financing emergency operations in over 100 countries – home to 70% of the global population.
In this virtual interview, David Malpass, President of the World Bank Group, discussed the path ahead for developing countries. What will a robust and resilient recovery look like? How can we promote economic growth, support the poorest, and sustain businesses and jobs? Watch the replay.
If you take care of the land, it will take care of you, says Tsefaye Kidane, a 40-year-old coffee farmer from the Kafa Biosphere Reserve, a protected area in southwest Ethiopia that is also regarded as the birthplace of wild Arabica coffee.
The World Bank Group is now supporting 100 countries in their fight against coronavirus, helping strengthen health systems, protect the poorest and support jobs. This is the largest and fastest crisis response in our history, and is critical in responding to the COVID-19 pandemic and accelerating a recovery.
May 06, 2020 – Virtual – Online
The economic impact of #COVID19 will hit developing countries hard. What can be done to support companies and preserve jobs? Join IFC’s Chief Operating Officer, Stephanie von Friedeburg, for discussion on the topic.