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World Bank: Defying Predictions, Remittance Flows Remain Strong During COVID-19 Crisis

Despite COVID-19, remittance flows remained resilient in 2020, registering a smaller decline than previously projected. Officially recorded remittance flows to low- and middle-income countries reached $540 billion in 2020, just 1.6 percent below the 2019 total of $548 billion, according

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UN News: COVID-19 – Wealthy nations urged to delay youth vaccines, donate to solidarity scheme

The head of the World Health Organization (WHO) on Friday appealed for wealthier countries to delay vaccinating younger people against COVID-19 and instead donate doses to the COVAX global vaccine solidarity initiative. Speaking during WHO’s bi-weekly media briefing, agency chief Tedros Adhanom Ghebreyesus reiterated his warning against “vaccine nationalism”,

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WTO: Bolivia outlines vaccine import needs in use of WTO flexibilities to tackle pandemic

The government of Bolivia has formally notified the WTO of the country’s need to import COVID-19 vaccines, taking another step towards using flexibilities in WTO intellectual property rules as part of its pandemic response. Bolivia notified the WTO it needed to import

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European Commission on Coronavirus variants: Commission calls for limiting essential travel from India

The Commission calls on EU Member States to take coordinated action to further restrict travel from India on a temporary basis, with a view to limiting the spread of the B.1.617.2 variant first detected in India. This follows a proposal

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European Commission: Recovery and Resilience Facility: Croatia and Lithuania submit official recovery and resilience plans

The Commission has received official recovery and resilience plans from Croatia and Lithuania. These plans set out the reforms and public investment projects that each Member State plans to implement with the support of the Recovery and Resilience Facility (RRF).

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UN News: Vaccine inequity posing ‘significant risk’ to global economic recovery – UN report

Although the outlook for global growth has improved, the ongoing impacts of the COVID-19 pandemic, as well as inadequate progress on vaccination in poorer countries, are putting recovery at risk, according to the latest UN economic forecast, published on Tuesday. The World Economic Situation and Prospects (WESP) mid-year report warned

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WTO: DG Okonjo-Iweala talks COVID response, recovery with Italian officials

Director-General Ngozi Okonjo-Iweala met with senior Italian leaders — including Prime Minister Mario Draghi — on 9-10 May to discuss the global response to the COVID-19 pandemic and the role the WTO can play in accelerating economic recovery. In her

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“The EU stands with India in times of need”: op-ed article by Ursula von der Leyen, President of the European Commission

The EU has long been a reliable partner for India, and we are proving this once again. As soon as India requested support, the EU and its member states came together to help On Saturday, the leaders of the 27

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UN News: UN envoy Gordon Brown urges G7 countries to fund global COVID vaccination push

Former United Kingdom Prime Minister Gordon Brown called on Monday for the world’s richest nations to underwrite COVID-19 vaccination in poorer countries, highlighting the need to raise some $60 billion over the next two years. Speaking during the regular briefing

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UN News: Global e-commerce jumps to $26.7 trillion, fuelled by COVID-19

Parts of the online economy have boomed since COVID-19 began, while some pre-pandemic big-hitters have seen a reversal of their fortunes in the last year, amid widespread movement restrictions, UN economists have found. According to UN trade and development experts UNCTAD, the e-commerce

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