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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
The emergence of the Coronavirus disease 2019 (COVID-19) pandemic has brought with it a sharp focus on public health … to tackle both the pandemic and the climate crisis. This report provides a framework that builds on the World Bank …'s climate-smart health care approach and integrates the World Bank's multiphase programmatic approach (MPA) into the global …
Persistent link: https://www.econbiz.de/10012700964
This note is one of a series produced by the World Bank's Governance Global Practice to help client countries address … the impact of the Coronavirus disease 2019 (COVID-19) pandemic on their economies and governance structures. Addressed to … public enterprises to bounce back in the post-crisis environment. This note draws on existing World Bank analysis of emerging …
Persistent link: https://www.econbiz.de/10013254911
The experiences of past financial crises have strengthened the Russian bank resolution framework. The resolution … framework has been effective in preserving financial stability. The effectiveness of bank resolution could be improved … public funds. To ensure adequate bank capitalization, a comprehensive review of banks' asset portfolios and collateral …
Persistent link: https://www.econbiz.de/10012246711
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
Iran's economy is gradually recovering following a lost decade (2011-2020) of negligible economic growth. Less stringent COVID-19 restrictions, adaptation to the new normal - reflected in a recovery in consumption, and more favorable oil sector conditions have driven a four-quarter rebound after...
Persistent link: https://www.econbiz.de/10013255416
Responses to COVID-19, jointly supported by UNESCO, UNICEF and the World Bank. However, to date, no systematic evidence has been …
Persistent link: https://www.econbiz.de/10013255450
The economic shock of the coronavirus outbreak has an unprecedented impact on public finances. Governments are … sharply down. Communicating the financial consequences of Coronavirus (COVID-19) to all stakeholders in a timely manner is …
Persistent link: https://www.econbiz.de/10012647641
Kenya's economy has been hit hard by COVID-19, severely affecting incomes and jobs. The economy has been exposed through the dampening effects on domestic activity of the containment measures and behavioral responses, and through trade and travel disruption (affecting key foreign currency...
Persistent link: https://www.econbiz.de/10012647670