Tackling the COVID-19 Pandemic of Inequality to Build a Green, Inclusive, & Resilient Recovery

‘We have to help countries improve their readiness for future pandemics.’
 

World Bank Group President David Malpass called on the world to move urgently toward opportunities and solutions that achieve a green, resilient, and inclusive recovery from the COVID-19 pandemic in a speech today that advances the World Bank-IMF Spring Meetings.

“Our collective responses to poverty, climate change, and inequality will be the defining choices of our age.”

Mr. Malpass delivered the speech virtually at the London School of Economics; it was followed by a discussion with students, moderated by Baroness Minouche Shafik, Director of the London School of Economics.

 
 
 

Tackling the COVID-19 Pandemic of Inequality to Build a Green, Inclusive, & Resilient Recovery

 

Join World Bank Group President David Malpass, ahead of the Spring Meetings, at the LondonScreenshot_2021-03-25 Tackling the COVID-19 Pandemic of Inequality to Build a Green, Inclusive, Resilient Recovery School of Economics as he discusses what is needed to build a green, inclusive, and resilient recovery from the pandemic. The crisis has worsened inequality and disproportionately impacted the poorest and most vulnerable, particularly women and children.  

In his conversation with Minouche Shafik, Director of the London School of Economics and Political Science, President Malpass will share his thoughts on accelerating a recovery that tackles growing inequalities and improves livelihoods.

Join us for the live conversation on March 29.
Be sure to sign up for an email reminder!

See the list of Speakers

 
 

 

Equal access to digital technologies: A key to resilient recovery

A global pandemic was far from Loretta Ibrahim’s mind when she signed up for the Click-On gettyimages-547132396Kaduna digital skills program two years ago. The program has trained nearly 1,200 youth affected by conflict in the Nigerian state of Kaduna to prepare them for opportunities in the digital space. When COVID-19 drove many companies to shift to digital technologies this year, Loretta, 23, was ready. “The Click-On Kaduna experience has been nothing short of spectacular,” she said. “Because I had the skills already, I just got hired to manage the social media image of two clients.”

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Four cornerstones of a resilient recovery for all

As of this month, over a million people have lost their lives to COVID-19. More than 35 million 50341021731_0ff8b47ebf_kare infected. In every part of the world, the poorest are suffering most, and the World Bank’s recently released Poverty and Shared Prosperity Report estimates that global extreme poverty will rise this year for the first time in a generation. In 2020 alone, the pandemic could drastically increase the number of people living in extreme poverty, by 88 to 115 million. This is the worst setback ever in our quest to end poverty.  Furthermore, the impact of COVID-19 is not just affecting the extreme poor, but lockdowns and sudden cessations of economic activity and mobility have had a broader impact than previous crises. The faces of the “new poor” are more likely to be urban and educated and to be engaged in informal services and manufacturing, rather than agriculture; and middle-income countries will be significantly affected.  Women are also more impacted, as they are twice as likely to lose their jobs compared to men. They also bear the brunt of family care under lockdown, and many are “skipping meals” as a response to reduced incomes.

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