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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: Can Economics Trump Politics To Usher in Agricultural Reforms in India?
Indian agriculture has a fundamental problem: around 50 per cent of India’s work force in the agriculture sector contribute only 17 per cent to India’s GDP. This low productivity is the root cause of the low income and economic hardships of farmers.
- Categories
- Agriculture, Finance
- Region
- Asia Pacific
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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, Entrepreneurship, Impact Assessment
- Region
- Sub-Saharan Africa
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Analysis: Building Forward From COVID-19 Towards the Ambition of the 2030 Agenda
In the midst of a global pandemic, it’s clear that we are up against enormous challenges, and progress in key areas is slow or regressing, as the recent Sustainable Development Goals report shows.
- Categories
- Coronavirus, Energy, Entrepreneurship
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Pandemic Makes Tackling Global Woes More Critical Than Ever – Bill Gates
The coronavirus pandemic has wiped out progress on lofty goals such as ending world poverty and hunger in the next decade, but the economic damage of COVID-19 shows how badly such global development is needed, philanthropist Bill Gates said.
- Categories
- Coronavirus, Finance, Health Care
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Viewpoint: The Critical Role of Microfinance Institutions Amidst the COVID-19 Pandemic
Microfinance Institutions (MFIs) have been critical in providing financial services for these vulnerable people and like their clients, MFIs are negatively affected by the economic impacts of the crisis.
- Categories
- Coronavirus, Finance, Technology
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Businesses Behaving Badly: The Troubling Parallels Between Microfinance and Facebook
Chuck Waterfield left microfinance five years ago, after working in the sector for three decades. He stopped using Facebook three years ago, after using the platform for about 10 years. As he explains, he left them both for a similar reason: Their business models have grown increasingly problematic over time – and without external intervention, things are likely to get worse.
- Categories
- Finance, Technology
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$25 Million Gift Launches Ambitious New Effort Tackling Poverty and Climate Change
The King Climate Action Initiative at J-PAL will develop large-scale climate-response programs for some of the world’s most vulnerable populations.
- Categories
- Coronavirus, Environment
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