It is a catchy acronym. An alliterative call to action. It rolls off the tongues of world leaders like UK Prime Minister Boris Johnson and US President Joe Biden. Building Back Better—or BBB—is the seeming light at the end of the COVID-19 tunnel. But what does BBB really mean in the world’s poorest countries? And how can these countries—which are supported by the World Bank’s International Development Association (IDA)—secure the resources they need to make it happen?
Water touches every aspect of development and flows through nearly every Sustainable : By Sam Fargher and Stephane Hallegatte
Like every other country, the Republic of Fiji faces the unprecedented challenge of managing the consequences of the COVID-19 pandemic. While the number of cases remains low, in a country where international tourism is a cornerstone of the economy, the implications of the crisis are massive. GDP is expected to contract by more than 20 percent in 2020, with a 75 percent drop in international tourist arrivals and 40,000 tourism jobs already lost. In response, the government is planning a 3.7-billion-Fijian-dollar stimulus package to protect the population and support economic activity.
The COVID-19 pandemic demands World Bank engagement with unprecedented speed, scale and selectivity. We’re organizing our crisis response across the three stages of relief, restructuring, and resilient recovery. Learn more about our priorities for broad and fast action with our new crisis response paper, Saving Lives, Scaling-up Impact and Getting Back on Track.