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Manufacturing a COVID-19 Recovery: Why Building Local Manufacturing Capacity Is Key To Africa’s Pandemic Response
COVID-19 is taking a heavy toll on sub-Saharan Africa's economies. And as Salma Okonkwo at Blue Power Energy Ltd. points out, the region is particularly vulnerable because it relies on international imports and exports for much of its GDP. She proposes an effective way to help Africa recover from the pandemic and build resilience to future shocks: developing local manufacturing.
- Categories
- Coronavirus, Energy
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Mastercard Foundation and ICCO Cooperation Partner To Strengthen the Resilience of 80,000 Farmers in Senegal
ICCO Cooperation and the Mastercard Foundation have joined forces to support smallholder farmers in Senegal who were left reeling from the impact of COVID-19. The COVID-19 Recovery and Resilience Agrifinance Project (CORRAP), co-created with Senegalese producers, aims to support smallholders to recover from the pandemic and emerge stronger and more resilient to future crises and shocks.
- Categories
- Agriculture, Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Why COVID-19 Impacted World Food Day 2020 Is the Time To Prioritize Investments in Food Systems
COVID-19 lockdowns and decreases in incomes have generated a double demand shock – increasing the number of poor and vulnerable people, particularly in Africa’s cities.
- Categories
- Agriculture, Coronavirus
- Tags
- food security
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How COVID-19 Is Affecting Microfinance
Specifically, lower-income groups in developing countries and emerging economies face not only the prospect of abject poverty in many cases but also the likelihood that their financial systems may not be sufficiently robust to help them through these dark times.
- Categories
- Coronavirus, Finance, Technology
- Region
- Asia Pacific
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Addressing the Weak Link in COVID-19 Relief: How Improving Strategic Communications Can Boost the Impact of Social Protection Programs
In response to COVID-19, 212 countries have planned or implemented more than 1,100 social protection programs to help over 1.8 billion people. But as Arshi Aadil and Abhishek Jain at MicroSave (MSC) point out, many intended recipients don’t know about the benefits they're eligible for, or how to access these funds. They explore how governments and program administrators can improve their communication and outreach.
- Categories
- Coronavirus, Finance, Impact Assessment
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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