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COVID-19 Has Resulted in Largest Global Economic Contraction in 80 Years, Say World Bank and IMF
The World Bank and the International Monetary Fund said the global economic contraction caused by the ongoing coronavirus pandemic is the largest in the last eight decades, raising the world poverty rate, exacerbating inequalities and damaging long-term economic growth prospects.
- Categories
- Coronavirus, Investing
- Region
- Asia Pacific
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Viewpoint: Covid-19: Europeans Can Learn From Developing Countries
When looking at successful strategies, it is the experiences of other developed nations – like Germany and New Zealand – that are predominantly cited by journalists and politicians. There is an apparent unwillingness to learn from developing countries – a blind spot that fails to recognise that “their” local knowledge can be just as relevant to “our” developed world problems.
- Categories
- Coronavirus, Health Care, Technology
- Region
- Sub-Saharan Africa
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Press Release: Global Agriculture and Food Security Program Donors Announce $300 Million To End Hunger and Malnutrition
Today during the launch of the Global Agriculture and Food Security Program (GAFSP) Replenishment Period 2020-25, hosted by the German Federal Ministry of Economic Cooperation and Development (BMZ), donors increased their contributions to achieve Sustainable Development Goal 2 (SDG2) – a world with zero hunger.
- Categories
- Agriculture, Coronavirus, Investing
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World Energy Outlook 2020 Examines Pathways Out of the Pandemic Crisis
The International Energy Agency’s World Energy Outlook (WEO) 2020 focuses on the next ten years, exploring different pathways out of the crisis caused by the COVID-19 pandemic.
- Categories
- Coronavirus, Energy, Investing, Technology
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Cash’s Lockdown Hurts Financial Inclusion
Since the start of the pandemic, businesses around the world have drastically changed their operations to protect employees and customers. One significant pivot is discouraging the use of cash in favor of digital and contactless payment methods.
- Categories
- Coronavirus, Finance
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Press Release: Uganda Posts Growth in Mobile Money Accounts During Pandemic, Mobile Subscribers Shrink
The growth to 25.9 million accounts was, however, smaller than what had been seen in the first quarter.
- Categories
- Coronavirus, Finance, Technology
- Region
- Sub-Saharan Africa
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Enabling Ecosystems: How To Boost Fintech Innovation and Financial Inclusion During and After COVID-19
Lockdowns in response to COVID-19 have rapidly accelerated digitalization worldwide, particularly in finance. But as analysts from the University of New South Wales, the University of Luxembourg, the University of Hong Kong and GIZ point out, ensuring the safe and inclusive development of digital finance is a major challenge. They explore why an ecosystem-based strategy could be the answer.
- Categories
- Coronavirus, Finance, Technology
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COVID-19 and Higher Education: How Universities Are Leading the Recovery in Emerging Economies
Universities in emerging economies have shown they have a key role to play in the response to the coronavirus crisis, through both cutting-edge research and development (R&D) and pioneering approaches to teaching and studying.
- Categories
- Coronavirus, Education, Health Care