Tuesday
August 4
2020

Viewpoint: COVID-19 Pandemic Shows the Need to Strengthen Digital Safety Nets for Women

By Leora Klapper

The COVID-19 pandemic threatens to wipe out hard-won gains in global development and gender equality. The World Bank reports that the world faces its first increase in extreme poverty since 1998, with between 71 million and 100 million people set to fall into destitution depending on the pandemic’s course, and the crisis affecting women more negatively than men.

Governments are scrambling to contain the economic damage. As of June 12, World Bank data indicates that 195 countries have planned, introduced or adapted more than a thousand safety net payments and other social protection measures for the most vulnerable populations.

Photo courtesy of Stars Foundation.

Source: Brookings (link opens in a new window)

Categories
Coronavirus, Technology
Tags
coronavirus, digital payments, financial access, financial services, gender equality, mobile money, technology, World Bank