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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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Press Release: DFC Announces New Global Development Strategy To Catalyze $75 Billion by 2025
DFC aims to maximize global development impact and deploy new technologies, while continuing to support the response to the COVID-19 pandemic.
- Categories
- Energy, Finance, Investing, Technology, WASH
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In Defense of Palm Oil: Why We Should Be Supporting the Industry’s Move Toward Sustainability – Not Demonizing It
After reading Jim R. Richards’ NextBillion op-ed “The Ecological Disaster of Palm Oil: Why It’s Time to Embrace Climate-Friendly Alternatives,” Robert Hii at CSPO-Watch.com felt compelled to respond. He argues that Richards' critique of the palm oil industry's ecological damage fails to recognize its impact on local economic growth and poverty reduction, and ignores its substantial moves toward sustainability.
- Categories
- Agriculture, Environment, Technology
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Press Release: Renewable Energy Jobs Continue Growth To 11.5 Million Worldwide
IRENA’s annual jobs review confirms long-term growth trend; strong policy action essential to ensure continued employment expansion in the COVID-19 era.
- Categories
- Coronavirus, Energy, Environment
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Press Release: New Research Reveals Alarming Drop in Farmer Incomes in Uganda
Heifer International study of over 400 smallholder farmers in Uganda reveals 97% have seen incomes reduced due to COVID-19.
- Categories
- Agriculture, Coronavirus, Impact Assessment
- Region
- Sub-Saharan Africa
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Gender: The Blind Spot of the COVID-19 Response in Low- and Middle-Income Countries
The COVID-19 pandemic is imposing a disproportionately higher socio-economic cost on women. As Melinda Gates put it, “COVID-19 is gender-blind, but not gender-neutral.” Analysts at MSC discuss four potential types of fallout from COVID-19 that will have lasting socio-economic impacts on women in India and other low- and middle-income countries, based on multiple studies that MSC conducted between March and July of this year.
- Categories
- Coronavirus, Finance, Technology
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Analysis: In Times of COVID-19, the Future of Education Depends on the Provision of Water, Sanitation, and Hygiene Services
Water, sanitation, and hygiene (WASH) have emerged as an issue of particular concern when considering schools reopening.
- Categories
- Coronavirus, Education, WASH
- Region
- Sub-Saharan Africa
- Tags
- global development, hygiene, sanitation, water, youth
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The Schwab Foundation for Social Entrepreneurship Announced Social Innovators of the Year 2020
Geneva, 22 September 2020 - The Schwab Foundation for Social Entrepreneurship today announced 23 awardees for social innovation in 2020.
- Categories
- Investing