It would mean the erasing of three years of progress in mitigating extreme poverty.
would be pushed into extreme poverty, the World Bank points to the pressure on healthcare systems as well as the impacts on both developing and advanced economic systems as factors for the increase.
"The health and economic impacts that the Covid-19 pandemic and shut down have inflicted on developing countries are severe," World Bank President David Malpass said on aThe World Bank is financing emergency programs in 100 countries representing 70% of the population, part of an initiative to spend $160 billion over 15 months to assist countries' healthcare, economic systems and social protection programs.
Thirty-nine of the 100 counties are in sub-saharan Africa, while nearly a third are in conflict areas like Afghanistan and Haiti."To return to growth, our goal must be rapid, flexible responses to tackle the health emergency, provide cash and other expandable support to protect the poor, maintain the private sector and strengthen economic resilience and recovery,” Malpass said in a statement.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Reserve Bank of New Zealand says registers Chinese bank ICBC for banking services in New ZealandThe Reserve Bank of New Zealand (RBNZ) said on Monday it has registered Industrial and Commercial Bank of China Ltd (ICBC) , the world's biggest commercial lender by assets, to provide banking services in New Zealand.
Weiterlesen »
Israel's unity government and its occupied West Bank annexation, explainedWe look into who controls what in the occupied West Bank as its total annexation is the top priority of Israel's new yet bloated government.
Weiterlesen »
CIT Bank review: wide range of accounts, high APYs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Firefighter Captain Arrested in Connection with Two Bank RobberiesPolice posted security camera photos of the perpetrator in a face mask and gloves entering the bank (via toofab)
Weiterlesen »
‘Billions’ Recap, Season 5, Episode 3: Why Would Bobby Axelrod Want to Buy a Bank?Axe is already in the 0.00000001%. In real life, you could count the number of bankers worth more than Bobby on one hand.
Weiterlesen »