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WHO: COVID-19 oxygen emergency impacting more than half a million people in low- and middle-income countries every day, as demand surges

More than half a million COVID-19 patients in LMICs estimated to need oxygen treatment every day. New assessments show US$90 million immediate funding required to meet urgent need in up to 20 low- and middle-income countries (LMICs). Unitaid and Wellcome

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European Central Bank | Eurosystem: The coronavirus crisis and SMEs

Speech by Christine Lagarde, President of the ECB, at the “Jahresimpuls Mittelstand 2021” of Bundesverband Mittelständische Wirtschaft Frankfurt am Main, 1 March 2021 It is a great pleasure to have the opportunity to speak to you today. At the ECB

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IMF Blog – Staying Afloat: New Measures to Support European Businesses

Much of Europe rang in the start of 2021 with new lockdowns and weak economic activity. This same period saw the roll out of effective vaccines. While the end of the pandemic will remain a race between the virus and

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The World Bank: Empowering the Poorest Countries Towards a Resilient Recovery

About 500 kilometers northwest of Kabul, in the town of Nakarabad, 24-year-old Shukria sews to save lives. She produces about 100 masks a day—masks that serve the 1,700 people in her hometown, covering a shortage of this simple yet lifesaving piece of equipment. Shukria joins a growing

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UN News: UN chief calls for ‘new social contract’ as part of post-pandemic recovery

With the COVID-19 pandemic exposing social and economic inequalities rooted in racism, discrimination and xenophobia, recovery must lead to more inclusive societies, the UN Secretary-General told Member States on Thursday. António Guterres was among leaders addressing a Special Meeting of the UN

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WHO: World Waking Up To Vaccine Equity

At the halfway point in the World Health Organization and Director-General Tedros Adhanom Ghebreyesus’ 100-day challenge, a movement of people and organizations is now uniting together under the banner of vaccine equity. WHO welcomes the new commitments made by France, Germany,

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WTO: Goods Barometer signals strong trade rebound but momentum may be short lived

World merchandise trade volume growth remained strong in the fourth quarter of 2020 after trade rebounded in the third quarter from a deep COVID-19 induced slump; however, the pace of expansion in the fourth quarter is unlikely to be sustained

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European Commission: EU doubles contribution to COVAX to €1 billion to ensure safe and effective vaccines for low and middle-income countries

The European Union has announced today an additional €500 million for the COVAX Facility, doubling its contribution to date for the global initiative that is leading efforts to secure fair and equitable access to safe and effective COVID-19 vaccines in

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World Bank Blogs: After the pandemic, put women first

Policymakers haven’t always considered how economic shocks impact women and men differently — or how governments should respond.  When the 2008 recession hit, few asked how stimulus measures would affect women compared with men. That approach won’t work for the COVID-19

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The World Bank: Tracking an Unprecedented Year for Businesses, Everywhere

Nearly every business in the world has been affected by COVID-19—in different ways. While one-fourth of companies saw sales falling 50 percent in October-January from pre-pandemic levels, a third said their sales increased or stayed the same. To capture the

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