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Author: David Malpass
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Languages : en
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David Malpass, World Bank Group President, spoke at the United Nations high-level event on financing for development in the era of Coronavirus (COVID-19) and Beyond. He spoke about two institutions, the IMF and World Bank working closely together on financial and economic challenges, including and especially those affecting the world's poor. He highlighted on the announcement of milestone by IMF and World Bank Group that emergency health operations approved and up and running in over hundred developing countries. He described the new support programs that, in following weeks, will help developing countries overcome the pandemic and reclaim focus on growth and sustainable development. He invited the participants of the UN event to join the efforts with additional financing. He strongly welcomed the prompt support of the G20 countries for a suspension of debt service by all official bilateral creditors, which included G20 endorsement for comparable treatment by commercial creditors. He said that the World Bank Group is supporting countries that are participating in the moratorium. He welcomed President Xi Jinping's recent commitment to China's full participation in the debt moratorium. He invited commercial creditors to agree on terms of reference to encourage their participation, especially given the focus of the initiative on debt relief for the IDA countries, the world's poorest. He mentioned that the UN's call for Multilateral Development Bank debt suspension would be harmful to the world's poorest countries. He spoke about the recent mischaracterizations by parts of the UN regarding the World Bank Group's involvement as an observer to Egypt, Ethiopia, and Sudan's negotiations regarding the Grand Ethiopian Renaissance Dam. He concluded by saying that the World Bank Group now has available COVID-19 financing programs in over one hundred developing countries, and invited use of those pathways to expand the financing of the health emergency and expand the response so that we can meet the full brunt of the crisis in the world's poorest countries.
Author: David Malpass
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
David Malpass, World Bank Group President, spoke at the United Nations high-level event on financing for development in the era of Coronavirus (COVID-19) and Beyond. He spoke about two institutions, the IMF and World Bank working closely together on financial and economic challenges, including and especially those affecting the world's poor. He highlighted on the announcement of milestone by IMF and World Bank Group that emergency health operations approved and up and running in over hundred developing countries. He described the new support programs that, in following weeks, will help developing countries overcome the pandemic and reclaim focus on growth and sustainable development. He invited the participants of the UN event to join the efforts with additional financing. He strongly welcomed the prompt support of the G20 countries for a suspension of debt service by all official bilateral creditors, which included G20 endorsement for comparable treatment by commercial creditors. He said that the World Bank Group is supporting countries that are participating in the moratorium. He welcomed President Xi Jinping's recent commitment to China's full participation in the debt moratorium. He invited commercial creditors to agree on terms of reference to encourage their participation, especially given the focus of the initiative on debt relief for the IDA countries, the world's poorest. He mentioned that the UN's call for Multilateral Development Bank debt suspension would be harmful to the world's poorest countries. He spoke about the recent mischaracterizations by parts of the UN regarding the World Bank Group's involvement as an observer to Egypt, Ethiopia, and Sudan's negotiations regarding the Grand Ethiopian Renaissance Dam. He concluded by saying that the World Bank Group now has available COVID-19 financing programs in over one hundred developing countries, and invited use of those pathways to expand the financing of the health emergency and expand the response so that we can meet the full brunt of the crisis in the world's poorest countries.
Author: Justin Trudeau
Publisher:
ISBN:
Category :
Languages : en
Pages : 3
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Author: David Malpass
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Category :
Languages : en
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World Bank Group President David Malpass provided an update on the World Bank's development finance actions during this part of the pandemic. He spoke about the first goal in the Coronavirus (COVID-19) response was for the World Bank to take broad, fast action early and to provide large net positive flows to the world's poorest countries. He mentioned that together with the IMF, and the World Bank Group (WBG) are making progress on debt transparency and relief. He described the IMF and WBG working to extend and broaden the debt moratorium and lay the foundations for debt reduction and would welcome the UN's vocal support for full participation by all official bilateral creditors, including national policy banks. He also spoke about IMF and WBG working to expand fast-track Coronavirus (COVID-19) programs to include financing for the purchase and distribution of vaccines. He cautioned that the countries will also need to prepare for a different economy post-COVID, by allowing capital, labor, skills and innovation to move into new businesses and sectors. He concluded by saying that If we take action early with the large creative programs and sources of financing, we can help countries as the IMF Managing Director puts it, build forward a better and stronger, a greener, smarter and more equitable economy.
Author: Tatiana Antipova
Publisher: Springer Nature
ISBN: 3030660931
Category : Technology & Engineering
Languages : en
Pages : 430
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Book Description
This proceedings book gathers selected papers that were submitted to the 2020 International Conference on Comprehensible Science (ICCS 2020) that aims to make available the discussion and the publication of papers on all aspects of single and multi-disciplinary research on Conference topics. ICCS 2020 held on October 30–31, 2020. An important characteristic feature of Conference is the short publication time and world-wide distribution. Written by respected researchers, the book covers a range of innovative topics related to: Big Data & Data Mining; Business, Finance & Accounting & Statistics; COVID-19 Impact; Educational Technologies; Innovative Applied Sciences; Innovative Economics; Management Technologies & Systems; Media Technologies; Physical & Material Sciences; Medicine, Public Health & Rehabilitation. This book is useful for private and professional non-commercial research and classroom use (e.g. sharing the contribution by mail or in hard copy form with research colleagues for their professional non-commercial research and classroom use); for use in presentations or handouts for any level students, researchers, etc.; for the further development of authors’ scientific career (e.g. by citing and attaching contributions to job or grant application).
Author: Daniel D. Bradlow
Publisher: Pretoria University Law Press
ISBN:
Category : Law
Languages : en
Pages : 383
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This multi-disciplinary publication focuses on the issue of African sovereign debt management and renegotiation/ restructuring, with a particular concentration on the countries that are members of the Southern Africa Development Community (SADC). It contains a series of essays that were initially presented in several workshops held at the height of the pandemic, in 2020. These essays seek to both understand the debt challenges facing these countries and to offer some policy-oriented suggestions on how they can more effectively address these. They include contributions by global and regional scholars who are seasoned experts and newer researchers and discuss the complexities on debt management and restructuring within the context of the global COVID-19 pandemic. In particular, this presented an opportunity for junior researchers from the region to contribute to international discussions on a topic in which the views of young Africans are not heard as often or as clearly as they should be, especially given the importance of the topic to Africa and its future. Further, this book is expected to stimulate debate among academics, activists, policy makers and practitioners on how SADC should manage its debt.
Author: NU. CEPAL.
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Introduction .-- A. The economic and social impact of COVID-19 will significantly widen the region's financing gap .-- B. Closing the internal and external financing gap requires international financial institutions to scale up the availability of liquidity commensurate with the financing needs of Latin America and Caribbean countries .-- C. First policy action: expand and redistributeliquidity from developed to developing countries .-- D. Second policy action: focus on strengthening regional cooperation by improving the lending and response capacity of regional/subregional and national financing institutions and strengthening their linkages to multilateral development banks .-- E. Third policy action: institutional reform of the multilateral debt architecture .-- F. Fourth policy action: provide countries with a toolbox of innovative instruments to improve debt repayment capacity and avoid debt distress .-- G. Fifth policy action: make liquidity and debt reduction measures part of a financing for development strategy to build forward better .-- H. The current crisis should be seized as an opportunity to reach wide social and political consensus to implement ambitious reforms in order to engage in a sustainable and egalitarian building forward process.
Author: Frédéric Mérand
Publisher: University of Ottawa Press
ISBN: 0776641492
Category : Political Science
Languages : en
Pages : 290
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Book Description
COVID-19 sparked the largest global crisis of the 21st century, extending well beyond public health. For some, the impact was swift and dramatic, with the pandemic pushing tens of millions into poverty and creating extreme food insecurity; for others, the transformations are still bubbling under the surface. Efforts to arrest the spread of COVID-19 entailed far-reaching forms of government intervention and the extensive use of new technologies. Questions thus remain as to whether the societal changes brought about by COVID-19 will endure in the post-pandemic period. The return of geopolitics, along with the war in Ukraine and tensions in Asia, have further complexified an already complex global situation. Since March 2020, there has been an explosion of analyses about the short-term impacts and future global consequences of COVID-19. Parallels to the 1930s collapse of Europe have been made, as recounted by Stefan Zweig in his famous memoir, The World of Yesterday. While most commentators are pessimistic, some are looking for positive change. Faced with this unprecedented crisis, we have been propelled to think about how, in the “next world,” we can strengthen economic prosperity, social justice, the environment, gender relations, public health, and political institutions—or at least ensure that these features of our world do not continue to deteriorate. In The Afterworld, 50 professors from four Montreal universities, among the foremost experts in their fields, propose progressive, pragmatic, and social science-based ideas with the potential to improve international cooperation, security, human rights, and sustainable prosperity beyond the pandemic.
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Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Author: David Malpass
Publisher:
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Category :
Languages : en
Pages :
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David Malpass, President of the World Bank Group, remarked that the World Bank Group is determined to take action to help people in developing countries gain access to safe vaccines and distribution systems. Economies, families, and livelihoods cannot recover fully until all people are able to work, socialize, travel, and live their lives with hope and confidence. Broad, rapid, and affordable access to COVID vaccines will be at the core of a resilient economic recovery that lifts everyone. The COVID-19 pandemic has caused the steepest economic contraction in 90 years. The Bank estimates that the pandemic could push over 150 million people into extreme poverty by 2021. The negative impact on human capital will be deep and may last decades. During the pandemic, over a billion children have been out of school and 80 million children are missing out on basic childhood vaccinations. This additional financing will be to low- and middle-income developing countries that don't have adequate access and helping them alter the course of the pandemic for their people. This vaccine financing is additional to the COVID fast-track health financing announced in March and is an important part of the World Bank Group's intention to make available 160 billion dollars in grants and financial support over a 15-month period to help developing countries respond to the health, social, and economic impacts of COVID-19.
Author: Christine Loh
Publisher: Hong Kong University Press
ISBN: 9888805657
Category : Political Science
Languages : en
Pages : 267
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Book Description
The pandemic left disorder and crises in its wake everywhere it struck. Drawing on disciplines including public health, politics, and socioeconomics, this book tracks the spread of COVID-19 to weave a coherent picture that explains how scientists learnt about the virus, how authorities reacted around the world, and how different societies coped. Written by a leading team of public health, policy, and economics experts, this volume provides an in-depth analysis of various countries’ responses to the onset of the pandemic, as well as suggestions to increase capacity and capability to fight future pandemics. The first part of the book provides an overview of global governance and international cooperation, economic and social consequences of the outbreak, and breakthroughs in mathematical modelling and COVID-19 vaccines. The second part of the book examines and compares specific countries and regions through the lens of good governance, social contract, and political trust. This book is essential for anyone seeking to learn from the impact of COVID-19, particularly professionals and policy-makers, as well as those with a general interest in governance and pandemics. “Loh and colleagues have once again provided a clear, multidimensional set of lessons on the global pandemic that is at once contextualised to Hong Kong. This is an excellent follow-up to a similar volume for the 2003 SARS outbreak—sadly plus ça change, plus c’est la même chose—lest future history repeat given the inevitability of more emerging outbreaks to come.” —Gabriel Leung, honorary professor and former dean of medicine, the University of Hong Kong “Future generations may find our generation’s extreme COVID-19 measures bewildering. This enlightening and far-sighted collection demonstrates that some rose above the fray and looked to the future. Expertly edited and co-authored by Christine Loh, this book shows how some in our generation kept their heads while others were losing theirs.” —Naubahar Sharif, professor, Division of Public Policy, Hong Kong University of Science and Technology
