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!
The World Bank Group last week announced it would make available a package of $12 billion — an unprecedented level of financing to help developing countries and businesses cope with the health and economic impacts caused by COVID-19. Much of that support will naturally be reactive, financing immediate measures designed to strengthen our response to a brand-new threat. But some of the financing will also be preventative — as it should be, if we are to learn our lessons from the past and strengthen our collective hand before the next bug hits.