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As countries continue to meet the immediate needs of the COVID-19 pandemic, the crisis is forcing policymakers to consider the unavoidable trade-offs between saving lives and preserving jobs and livelihoods. Throughout Asia-Pacific, governments are considering options for restarting their economic engines and putting people back to work, includ…
This discussion paper examines the unequeal impacts of the pandemic across different groups, the potential consequences for long-term inequality, and the implications of both of these for policy. The paper reviews the evidence to make the case that, while the short-run implication of covid-19 for income distribution is uncertain and varies across countr…
The EmPower: Women for Climate-Resilient Societies project, jointly implemented by the United Nations Environment Programme (UNEP) and UN Women and supported by the Swedish Development Cooperation Agency, puts gender equality at the heart of climate action. Through UNEP, the project focuses on harnessing renewable energy to build resilient livelihoods f…
The EmPower: Women for Climate-Resilient Societies project, jointly implemented by the United Nations Environment Programme(UNEP)and UN Women and supported by the Swedish Development Cooperation Agency, puts gender equality at the heart of climate action. Through UNEP, the project focuses on harnessing renewable energy to build resilient livelihoods for…
The COVID-19 pandemic has caused a massive economic shock across the world due to business interruptions and shutdowns from social-distancing measures. To evaluate the socio-economic impact of COVID-19 on individuals, a micro-economic model is developed to estimate the direct impact of distancing on household income, savings, consumption, and poverty. T…
Large health shocks such as COVID-19 carry an expensive price tag – for the response, the recovery, as well as more long-term economic losses. The response phase is typically characterised by a great sense of urgency as the public financial management (PFM) system attempts to provide funding quickly in order to curb the outbreak early. However, in many…
This note summarises the learning on crisis modifiers and considers how they can be applied for health shocks. Crisis modifiers bring the worlds of development and humanitarian aid together. They are financing mechanisms within a development programme – e.g. a contingency fund – that disburse humanitarian response funding in the event of a crisis. This…
The new coronavirus disease (COVID-19) is attacking societies at their core, claiming lives and people’s livelihoods. The potential longer-term effects on the global economy and those of individual countries are dire. This report calls on everyone to act together to address this impact and lessen the blow to people.
The report describes the speed and sc…
This paper presents the World Bank Group's (WBG) approach to COVID-19 crisis response including thematic areas and policy priorities based on its comparative advantages, as well as the operational and financial frameworks for scaling up impact in a world transformed by the coronavirus. It also summarizes the Bank Group’s contribution to building the cri…
Besides its worrying effects on human life, the novel strain of coronavirus (COVID-19) has the potential to significantly slowdown not only the Chinese economy but also the global economy. China has become the central manufacturing hub of many global business operations. Any disruption of China’s output is expected to have repercussions elsewhere throug…
The EmPower: Women for Climate-Resilient Societies project, jointly implemented by the United Nations Environment Programme (UNEP) and UN Women and supported by the Swedish Development Cooperation Agency, puts gender equality at the heart of climate action. Through UNEP, the project focuses on harnessing renewable energy to build resilient livelihoods f…
The COVID-19 crisis provides an early glimpse of how the climate and biodiversity crises will afect the world.
Building an inclusive, green and resilient recovery is now an urgent and shared global challenge. We must build back in a way that addresses the very signifcant near-term challenges of unemployment, food insecurity and jump-starting the econom…
This briefing paper documents current trends and signals in international CCA and DRR finance since the emergence of Covid-19 in early 2020, and proposes four key recommendations to ensure that funding for CCA and DRR is maintained in the immediate and long term, and that the pandemic recovery is resilient, equitable and green:
Adapt existing anticip…
This short note was published as independent blogs between June and October 2020 as part of technical knowledge produced by the Disaster Risk Finance Community of Practice.
The note includes the following 12 blogs and authors’ biographies:
Five lessons on disaster risk finance to inform COVID-19 crisis response
Five reasons you should be thinking…
Since the onset of COVID-19 pandemic, ASEAN has responded swiftly, affirming its commitment to work together to overcome the pandemic and concurrently consider its collective and long-term socioeconomic recovery strategy. One of ASEAN’s main COVID-19 initiatives is the ASEAN Comprehensive Recovery Framework (ACRF), which serves as the region’s consolida…