As the world continues to face the public health, social, and economic unravelling due to the COVID-19 crisis, it should be clear that, The World Bank Group is helping developing countries purchase and distribute vaccines and strengthen health systems through a $12 billion vaccine financing facility, which complements the $6 billion Global COVID-19 Strategic Preparedness and Response Program in the health sector approved in April 2020 and that now covers more than 110 countries.
The rapid digital transformation underway in many emerging markets has the potential to have an equally transformative impact for entrepreneurs. However, critical gaps in access to the internet and mobile phones can limit the ability to work in tech-enabled jobs or to compete as entrepreneurs. This event draws on recent IFC (International Finance Corporation) research on rise of e-commerce in Africa and Southeast Asia and opportunities for further growth by exploring more inclusive practices. It will cover two key topics:
Transport and logistics links in Africa remain costly and unreliable, especially for reaching remote communities. In rural areas, only about a third of Africans live within 2 kilometers of an all-weather road, and the current infrastructure investment gaps in road transport infrastructure in the region amount to billions of dollars annually. The national road density in the region remains less than a quarter of the global average. The intensifying effects of climate change and, in parts of the region, conflict and violence, further hinder the ability of governments and businesses to efficiently and reliably ensure the delivery of goods and services. These gaps also present enormous challenges to meeting the Sustainable Development Goals, from health to agricultural productivity to food security.
- In response to the COVID-19 pandemic, Pakistan quickly deployed the federal program TeleSchool for Pakistani students, and the provincial program Taleem Ghar for students in Punjab.
- Viewership of these two initiatives was high during the first six months due to leveraged resources and stakeholders and a phased roll out approach, although awareness and use decreased right after.
- Key challenges include improving student engagement, enhancing lesson content, increasing viewership, and leveraging TV lessons beyond the pandemic as part of blended learning.
Global trade will play a critical role in driving economic recovery from the COVID-19 pandemic,
ensuring the flow of food, medical supplies, and vaccines, and contributing to poverty reduction. But policies must be in place to ensure that gains from trade are spread across regions, industries, and workers in developing countries.
As of May 13, 2021, the World Bank Board approved operations to support vaccine
rollout in 22 countries amounting to $2.4 billion. See the latest project financing, project documents and procurement information in the list below. More information will be shared here as it becomes available. We expect to reach 50 countries amounting to $4 billion by mid-year.
Countries, influential stakeholders and institutions have largely failed to take preventative action, despite clear evidence of need following the SARS and avian influenza outbreaks. The consequences are clear, and the world is now paying the price for failing to take advantage of past opportunities to make prevention a priority.