Tag "coronavirus"

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WTO: Members discuss reflecting impact of COVID-19 in WTO-led Aid for Trade initiative

At a meeting of the Committee on Trade and Development on 7 July dedicated to Aid for Trade, WTO members agreed to discuss how to reflect the impact of the COVID-19 pandemic in their future work. They also agreed to

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UN News: COVID-19 cases worldwide hit 12 million

COVID-19 cases globally have more than doubled in the past six weeks, reaching 12 million on Friday, the World Health Organization (WHO) has reported. “Across all walks of life, we are all being tested to the limit”, agency chief Tedros

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World Bank Blogs: Making health systems stronger while tackling the impacts of COVID-19

When COVID-19 emerged as a global threat, the World Bank Group responded with the largest and fastest crisis response in its history.  Emergency operations have now reached more than 100 countries, home to over 70 percent of the world’s population. These

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EU Prime Ministers Beat a Path to The Hague

This month, The Hague has become the destiny of choice for European prime ministers and presidents embarking on a pilgrimage to placate, woo, mollify or pay homage to Saint Mark – the self-anointed patron of the frugal. In his impressively

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WHO: Independent evaluation of global COVID-19 response announced

WHO Director-General today announced the initiation of the Independent Panel for Pandemic Preparedness and Response (IPPR) to evaluate the world’s response to the COVID-19 pandemic. In remarks to WHO Member States, Director-General Tedros Adhanom Ghebreyesus said the Panel will be co-chaired by

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IMF Country Focus: Egypt Takes Proactive Approach to Limit the Pandemic’s Fallout

As part of Egypt’s two-step request for IMF financing to respond to COVID-19, $5.2 billion was approved under the 12-month Stand-by Arrangement (SBA).  Financing under the SBA follows the $2.8 billion approved in May under the IMF’s Rapid Financing Instrument.

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UN News: Address ‘unprecedented’ impact of coronavirus on Latin America and the Caribbean, urges Guterres

As COVID-19 continues to spread throughout the world, Latin America and the Caribbean have become a “hotspot of the pandemic”, the UN chief said on Thursday, releasing a new policy initiative on how best to recover in a region already embroiled in poverty,

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UNCTAD: COVID-19 Has Hurt Global Investment but the Recovery Offers the Chance to Build a More Sustainable Economy

The crisis caused by the COVID-19 pandemic has severely impacted investment and trade flows, but it arrives on top of existing challenges to the system of international production and trade. Flows of cross-border investment in physical productive assets stopped growing

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World Bank Blogs: Making health systems stronger while tackling the impacts of COVID-19

When COVID-19 emerged as a global threat, the World Bank Group responded with the largest and fastest crisis response in its history.  Emergency operations have now reached more than 100 countries, home to over 70 percent of the world’s population. These

Read More

IMF: The Long Economic Hangover of Pandemics

History shows COVID-19’s economic fallout may be with us for decades The COVID-19 pandemic’s toll on economic activity in recent months is only the beginning of the story. While the rapid and unprecedented collapse of production, trade, and employment may

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