How COVID-19 is changing the world: a statistical perspective from international agencies

We are living through unprecedented times. The impact of the novel coronavirus and its TCard COVID statdisease, COVID-19, has reverberated through every corner of the globe—taking lives, destroying livelihoods, and changing everything about how we interact with each other and the world.

At a time of crisis, governments more than ever must rely on timely, reliable data to make decisions to mitigate harm and support their citizens. What’s more, given the grave impacts of the coronavirus pandemic in our interconnected world, decisions made today will have consequences that will last far into the future, affecting people in every region and community. 

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Coronavirus Live Series: Supporting Companies and Preserving Jobs through the Pandemic

The economic impact of #COVID19 will hit developing countries hard. What can be done to support companies and preserve jobs? Join IFC’s Chief Operating Officer, Stephanie von Friedeburg, for discussion on the topic.

 

Broad, fast action to save lives and help countries rebuild

Axel van Trotsenburg|

The COVID-19 pandemic is uncharted territory for every country in the world. It has unleashed both a global health emergency and an unprecedented economic crisis of historic magnitude. Even as the coronavirus continues to spread, the World Bank estimates that, between 2019 and 2020, the global economy will shrink by $4.2 trillion dollars.  That is substantially bigger than South Asia’s entire regional economy (which is about $3.5 trillion), and as if we somehow wiped both Germany and Belgium off the economic map. Worse still, the fall from where we expected to be in 2021 if COVID-19 hadn’t hit is closer to $7.5 trillion dollars—equivalent to 40% of the entire U.S. economy, as well as larger than the combined GDP of Latin America and the Caribbean plus the Middle East and North Africa.

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COVID-19: We’re tracking digital responses worldwide. Here’s what we see

Digital technologies are vital tools for helping people cope with stay-at-home orders and young woman with face mask using smartphone-GND-iStocksocial distancing requirements during the coronavirus pandemic (COVID-19). Digital technologies are instrumental in supporting health care systems, not only though telemedicine and COVID screening apps, but also through Big Data and artificial intelligence analytics for mobility patterns, epidemiological models, and contact tracing. And in many other sectors, digital is also the new normal for individuals, governments, and businesses around the world.

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COVID-19 IADB ConnectAmericas Platform

Inter-American Development Bank (IDB), through ConnectAmericas, launches an ConnectAmericasinteractive map whose objective is to centralize the supply of goods and services globally that are relevant to serve the COVID-19 emergency in Latin America and the Caribbean (LAC).

We invite companies that offer goods or services that could contribute to mitigate the emergency in the region, to register by providing their data and the nature of products or solutions they offer using this form.

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eC2: Legal COVID-19 PPP Rapid Assessment – Asia, Latin America and Caribbean

Deadline: 07-May-2020 at 11:59:59 PM (Eastern Time – Washington D.C.) CoronaVirusHeader-Final-3-1536x647

To inform the Bank in the dialogue and support to governments with critical strategic short-term advice on the immediate impacts of the COVID-19 pandemic, IPG and PPIAF are establishing this Rapid Response Program. The Program will help provide international best practice insights in the Banks dialogue with client countries regarding options for planning for the medium to long-term impacts on PPP portfolios and ensuring they have access to the latest information and advice on relevant topics.

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World Bank Predicts Sharpest Decline of Remittances in Recent History

WASHINGTON, April 22, 2020 — Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown. The projected fall, which would be the sharpest decline in recent history, is largely due to a fall in the wages and employment of migrant workers, who tend to be more vulnerable to loss of employment and wages during an economic crisis in a host country. Remittances to low and middle-income countries (LMICs) are projected to fall by 19.7 percent to $445 billion, representing a loss of a crucial financing lifeline for many vulnerable households.

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