Debt Service Suspension Initiative could save countries around $12 billion

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!

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Poorest, most vulnerable countries likely to be hit hardest from coronavirus

Democratic Republic of Congo. World Health Organisation.World Bank Group teams around the world remain focused on country-level and regional solutions to address the ongoing crisis. In this piece, President David Malpass highlights the progress the Bank Group has made in responding to the COVID-19 pandemic.

Related: The World Bank’s Managing Director for Development Policy and Partnerships, Mari Pangestu, shares her thoughts on how the world’s poorest will face the pandemic. The fight against COVID-19 requires concerted international effort, she wrote. “Going it alone will hurt the poorest and most vulnerable countries.”

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Is the world on track to deliver energy access for all?

ene-780x439-solar-powered-metro-station-brazil-paulo-barrosSTORY HIGHLIGHTS

  • Countries need to accelerate progress on access to electrification, clean cooking, renewables and energy efficiency to meet Sustainable Development Goal #7, according to a new report
  • 674 million people, or 8% of the world’s population, will still be in the dark in 2030 if current trends of electrification continue
  • An estimated 2.3 billion people will continue to cook by burning wood and coal in 2030, which poses major health risks

 

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