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All countries across South Asia, faced with the rising risks of COVID-19 infection rates, implemented severe economic lockdowns in early 2020 with varying frequencies and time periods. While the exact nature and duration of these lockdowns varied across countries in the South Asia Region (SAR),...
Persistent link: https://www.econbiz.de/10013254916
This note provides an update on the WBG's COVID-19 Crisis Response, outlined in June 2020 to help developing countries address the impacts of the pandemic while maintaining a line of sight to long-term development goals. It comprises five short sections: (I) the impacts of COVID-19 and...
Persistent link: https://www.econbiz.de/10013545594
and elevated inflation. Globally, environmental sustainability is becoming central to the economic agenda. The challenge …
Persistent link: https://www.econbiz.de/10013255376
Over the period 2019-21, Albania had to confront dual shocks: the 2019 earthquake and the COVID-19 pandemic. Both had sizable impacts on the country's economy. The COVID-19 pandemic took a heavy toll on an economy already affected by the earthquake in 2019. Key sectors were put in lockdown in...
Persistent link: https://www.econbiz.de/10013254959
to ongoing US sanctions, have led to exchange rate volatility and a surge in inflation. The economic rebound has also … been predominantly jobless which coupled with high inflation has translated to declining household welfare, especially …
Persistent link: https://www.econbiz.de/10013255416
a long-term Vulnerability and Shock Monitoring and Response System (VSMRS). The CMRS covered the whole country, which …
Persistent link: https://www.econbiz.de/10012557899
City local governments have been facing multiple challenges due to the COVID-19 pandemic to secure adequate financial resources for response and recovery. This report assesses the impact of the pandemic on local governments' financial situations through cross-country analysis and comparison....
Persistent link: https://www.econbiz.de/10013255013
The COVID-19 pandemic is posing an existential threat to the air transport sector globally, including in Africa. Due to sustained and significant loss of revenue coupled with the presence of several fixed and quasi-fixed inputs in this sector, the survival of carriers is questionable in the...
Persistent link: https://www.econbiz.de/10013255122
Developing East Asia is battling the forces of global recession. The impact of the crisis in the advanced countries was transmitted to the economies of the region with unusual speed. In the region, the initial global financial turbulence was marked by sudden reversals of capital flows in the...
Persistent link: https://www.econbiz.de/10012559908
other regions in the world to respond to the COVID-19 pandemic. The region also faces challenges from other emerging … diseases, re-emerging diseases, and climate change. Since 2020, the Central Asian regional economies, as the rest of the world … security and achieving gains in development. The World Bank has been actively engaged in Central Asia for over two decades and …
Persistent link: https://www.econbiz.de/10014579982