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The World Bank: A Subdued Recovery, with Damage to Undo

The global economy is expected to recover in 2021 from the deep recession caused by COVID-19. Nevertheless, as the January 2021 Global Economic Prospects reports, that recovery is expected to be subdued. Not only will it leave global output well below pre-pandemic levels,

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Impact at IFC: In Afghanistan, Women Entrepreneurs Keep the Dream Alive

By Zia Ur Rehman For Selsela Nihan, coming home meant a fresh start—and a chance to live her dream. When the 22-year-old returned to her native Afghanistan after living as a refugee for 12 years, she pursued her goal of

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IMF Annual Report 2020

Message from the Managing Director Dear Reader, This year, as the world faced a crisis like no other, the IMF and its members swung into action. National governments took bold steps to save lives and put a floor under the

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First operation under Pan-European Guarantee Fund (EGF): EIB and Banca March support Spanish companies affected by the COVID-19 crisis

The EIB Group will provide a total of €270 million to Banca March via three agreements, to mobilise over €600 million for Spanish companies. First operation under the EGF: EIB guarantee of up to €100 million to Banca March to mobilise €267 million. EIB

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WTO paper explores role of trade policy in the rapid roll-out of COVID-19 vaccines

The WTO Secretariat has published a new information note on trade-related issues for COVID-19 vaccine production, manufacturing and deployment. The note, entitled “Developing and delivering COVID-19 vaccines around the world,” explores how trade policy can play its part in ensuring

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IMF Blog: Reclaiming Our World Post-2020

As 2020 draws to a close, many of us cannot wait for this annus horribilis to end. And for good reason: this year has seen more than a million and a half COVID-19 deaths; an economic collapse far greater than that of

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UN News: New COVID-19 variants under the microscope as travel bans mount over UK mutation

The UN health agency chief said on Monday that scientists have been working to understand new COVID-19 variants that have been reported in South Africa and the United Kingdom. According to news reports, more than 40 countries have now banned

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European Commission: Questions and Answers: COVID-19 vaccination in the EU

With which companies have you concluded COVID-19 vaccine agreements? The Commission is negotiating intensely to build a diversified portfolio of vaccines for EU citizens at fair prices. Contracts have been concluded with AstraZeneca (400 million doses), Sanofi-GSK (300 million doses), Johnson and Johnson (400

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European Commission: Statement by President von der Leyen on the marketing authorisation of the BioNTech-Pfizer vaccine against COVID-19

Good evening. Today we add an important chapter in our fight against COVID-19. We took the decision to make available for European citizens the first COVID-19 vaccine. We granted conditional marketing authorisation to the vaccine produced by BioNTech and Pfizer.

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IMF Blog: Top 10 Charts of the Week for 2020

2020 will soon be over, and with it an incredibly trying year. The editors at IMFBlog wish you good health and peace over the holidays ahead, and into the new year. In case you missed some of the compelling facts

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