How Asia Pacific can turn COVID crisis into an opportunity

Bold policies needed to boost economic recovery and improve social stability TCard COVID stat

Like Hydra, the many-headed monster of Greek myth, COVID-19 is proving hard to suppress even a year after the first case was confirmed in Wuhan.

For the East Asia and Pacific region, the disease has delivered a triple shock: the pandemic itself, the economic impact of containment measures, and reverberations from the global recession brought on by the crisis.  But the longer-term impact of COVID on the region will depend less on the virus than on policy decisions and how governments respond.

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December 31, 2020: Our work in 2020 and the challenges ahead in 2021

A message from World Bank Group President Mr. Malpass

Friends, Malpass-IMF

As the year draws to a close, I would like to take this opportunity to highlight some of our work in 2020 and challenges ahead.

While some countries have begun a recovery from COVID-19, many continue to suffer lasting health and economic risks. The World Bank Group is working hard to address the unequal toll of the global pandemic. Since April, we have been providing support on an unprecedented scale, focusing first on the health emergency, as well as on the broader recovery goals and vaccination needs.  

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2020!

This time last year, concepts such as “lockdowns,” “mask mandates” and “social distancing” were unknown to most of us. Today they are part of our everyday language as the COVID-19 pandemic continues to affect our lives.

The Year in Charts: From Education to GDP – what was the impact of the pandemic in 2020? Our 12 charts help you understand this extraordinary year.

Looking Ahead: In a special year end edition of The Development Podcast, World Bank Group President David Malpass and Interim MD and COO of the IFC Stephanie von Friedeburg look back on 2020 and examine the path to a resilient recovery in 2021.

Global Solidarity: As 2020 comes to a close, investing in people is more important than ever, as we see the devastating impact that COVID-19 is having on people and economies worldwide. Global solidarity and protecting human capital is critical for accelerating progress.

Good Governance: Hoping to help stimulate debate on how governments can help end poverty and boost shared prosperity, we’ve curated some of our best blog posts on #GoodGov from 2020. Check out this interactive timeline.

Priorities in South Asia: As we wrap up this unprecedented year, we reflect on how the region faced the devastating impacts of the COVID-19 pandemic, rose to the challenge to create better development outcomes for its people and prepared for a more resilient future.

Tweet on! COVID-19 has shaken the water sector. As we look back at the tweets that got the highest engagement this year, we continue to be inspired by our Twitter community and their commitment to build a water-secure world for all. Here are the top 10 tweets of 2020 from @WorldBankWater.

Resilient Food Systems: COVID-19 tested the strength of both production and distribution (resulting in both food shortages and waste), highlighted the importance of good nutrition, and increased food insecurity in all countries. The spread of desert locusts compounded impacts of the pandemic, conflict, and climate change. Here are 20 stories, blogs, events, and interviews that explored challenges–as well as opportunities–that affected food and agriculture this year.

Climate Change Fight: Even with COVID-19 lending, the World Bank Group surpassed its climate finance target for FY20, allocating nearly $21.4 billion to climate-related investments. Here is a snapshot of 10 efforts the Bank Group advanced in climate action in this unprecedented year.

Challenge and Opportunity: For the Multilateral Investment Guarantee Agency (MIGA), 2020 started like many others until the pandemic struck. Here is a month by month look at how MIGA pressed forward this year.

Universal health coverage protects everyone

December 12 marks the International Universal Health Coverage (UHC) Day. This year’s theme ghana“protect everyone” cannot be more relevant amidst the global COVID-19 (coronavirus) pandemic.

UHC and preparedness are two sides of the same coin   

UHC is the frontline defense for picking up and responding to unusual illnesses in communities, building trust in health systems, and safeguarding the continuity of essential health services  for everyone without impoverishing cost to households.  

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Tackling the vicious cycle of fragility and water insecurity

Some 2.2 billion people around the world do not have access to clean drinking water, 4.2 billion20201214-fcv-blog-1140x500 do not have sanitation service, while 3 billion lack basic handwashing facilities. The consequences of this lack of access to basic services are disproportionately felt by the poorest and most vulnerable people living in fragile, and conflict-affected situations (FCS) since many of the most fragile countries are also those with the poorest services. 

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How is the pandemic affecting remittances to fragile and conflict affected settings?

Migrants and refugees are among the vulnerable populations that are hardest hit by the 20201118-fcv-blog-1140x500COVID-19 pandemic. But it’s not just them – the crisis is also impacting their families back in their home countries who depend on the money they send to make ends meet. Especially for households in countries affected by fragility and conflict (FCS) who are more likely to be extremely deprived, these remittances are economic lifelines. Over 50 million international migrants and refugees come from FCS. 

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Addressing the scourge of gender-based violence: Critical for sustainable recovery

Violence against women is an invisible pandemic, recognized long before COVID-19, that dominic_chavez_ifc_2impacts the lives of those who experience it but also affects their families and communities.  When COVID19 hit, 243 million women had experienced sexual or physical violence by a partner in the previous year alone. Other statistics are equally stark: 15 million adolescent girls between the ages of 15-19 worldwide have experienced forced sex, and 137 women are killed by a family member every day.

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2020 Year in Review: The impact of COVID-19 in 12 charts

This time last year, concepts such as “lockdowns,” “mask mandates” and “social distancing” en_yir_blogs_herowere unknown to most of us. Today they are part of our everyday language as the COVID-19 pandemic continues to impact all aspects of our lives. Through the following 12 charts and graphics, we try to quantify and provide an overview of our colleagues’ research in the face of a truly unprecedented crisis. 

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Investing in women and girls: How governments can drive inclusive recovery

Before COVID-19, many countries were making significant gains in human capital, improving dole_graduation_pilot_philippineshealth and education outcomes for girls and boys and empowering women to reach their potential. Between 2010 and March 2020, the World Bank’s Human Capital Index 2020 Update found an average increase of five percent in the human capital index across countries.

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The World Bank Group Mounts the Fastest and Largest Health Crisis Response in its History to Save Lives from COVID-19

It’s seven o’clock in the morning in Conakry, the capital of Guinea. Dr. Haba Eveline arrives at guineathe COVID-19 Treatment Center. As soon as she enters, she washes her hands before starting her daily shift. A mother of five, she leads the Risk Management Unit which is now open 24/7.

She is one of the frontline health workers helping her country fight the COVID-19 (coronavirus) pandemic. “As a doctor, I am a fighter and I am proud to bring my experience to the response against this pandemic,” she said.

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