Growth in advanced economies is forecast to decelerate from 5 percent in 2021 to 3.8 percent in 2022 as the unwinding of pent-up demand only partly cushions a pronounced withdrawal of fiscal policy support.
World Bank
The masked burden of COVID-19
It is is well established that disasters are rarely the result of a single event. They are instead produced by an accumulation of hazards, risks, and vulnerabilities in a population.
World Bank Support for Country Access to COVID-19 Vaccines
The World Bank Board approved operations to support vaccine rollout in 22 countries amounting to $2.4 billion.
Lebanon: Fair and transparent distribution of COVID19 vaccine key to real success
The first batch of COVID-19 vaccines for Lebanon arrived in the country on February 13, 2021 as part of the World Bank-financed Lebanon Health Resilience Project (LHRP).
Remittance flows to shrink 14% by 2021 due to COVID-19
Based on the trajectory of economic activities in many large, migrant‐hosting countries, especially the United States, European countries, and the Gulf Cooperation Council (GCC) countries, remittance flows to Low- and Middle-Income Countries are expected to register a decline of 7.2 percent to $508 billion in 2020, followed by a further decline of 7.5 percent to $470 billion in 2021.
Sierra Leone’s President Julius Maada Bio Launches Education Project, Signs US$ 66 Million Education Multi Donor Trust Fund
The Vice President, Dr Mohamed Juldeh Jalloh, said that the launch of the education project by the World Bank, Irish Aid, Foreign and Commonwealth Office and the European Union, EU, showed the importance of partnership in supporting the vision of president Bio.
COVID-19 to Plunge Global Economy into Worst Recession since World War II
The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% this year.
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