The COVID-19 pandemic continues to devastate countries, overwhelming health systems, disrupting productivity, threatening food security, multiplying job losses, and reducing incomes, particularly for the poorest. It has led to the largest global economic contraction in eight decades, affecting all economies and causing investments, trade, and remittance flows to plummet. The global crisis is threatening the lives and livelihoods of the most vulnerable by increasing poverty, exacerbating inequalities, and damaging long-term economic growth prospects. It requires a comprehensive, robust global response from the development community.
Even before the pandemic, we’ve got you covered with World Bank Live. It’s the World Bank’s digital platform for live-streaming and engaging with global audiences. Block out time now to watch our events live. You shouldn’t also miss our live show – your chance to put questions to experts live – and we’ll be talking to Country Directors who will explain the challenges their countries face and how the Bank’s work with partners on ground is making a difference to people in every region.
The coronavirus pandemic wreaked havoc around the world and dealt a major setback to decades of development outcomes. Last spring, we successfully championed a moratorium on debt for the world’s poorest countries and launched a fast, broad-based response to COVID-19. We are financing emergency operations in over 111 countries – home to 70% of the global population- which has been the largest and fastest crisis response in the World Bank Group’s history.
Yemen’s high malnutrition rates have drawn global attention, highlighting the impact the
country’s five-and-half-year civil war has had on its population. About 20 million Yemenis—70% of the population—are facing hunger, a 13% increase from 2017.
Yemen is one of the most food insecure countries in the world. Long before the conflict began, child malnutrition was widespread. In 2013, 46.5% of children under five were stunted, or short and underweight for their age; 16.3% suffered from acute malnutrition.
One morning in February, in Kaffrine Region, Senegal, Kaffia Diallo emerged from her tent. She is happy; her new grandson was born just two days earlier. “A beautiful baby,” she said, “although I wish he weighed a little more.”
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.