Ideas to Action:

Independent research for global prosperity

Commentary & Analysis

In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.

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New research indicates there is a 47-57 percent chance of another global pandemic as deadly as COVID-19 occurring in the next 25 years. There is a clear need to more effectively prepare for future outbreaks, but what's the true return on investment?

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The COVID-19 pandemic has pushed up to 40 million Africans into extreme poverty and the continent experienced its first recession in half a century. Global vaccination efforts have left Africa behind: less than two percent of the African population has been vaccinated compared to over 70 percent in the European Union. As Delta and other emerging variants present new challenges for Africa, COVID-19 deaths have surged, hospital admissions have increased rapidly, and countries face shortages of oxygen and intensive care beds. During this high-level event, we will discuss the impact COVID-19 continues to have across Africa and the necessary measures the international community should take to address the emerging dangerous divergence between advanced and lower income economies. We hope to set the tone for conversations surrounding these challenging issues during the World Bank-IMF Annual Meetings.

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This event is co-hosted by the Norweigan Ministry of Foreign Affairs, the German Federal Ministry for Economic Co

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COVID-19 has produced an enormous global economic shock and ongoing risks to economic growth, poverty reduction progress, and sustainable development in many middle- and low-income countries (MICS and LICs). The fiscal consequences of the shock for many MICs and LICs are profound, often coming on top of rising debt vulnerabilities in the pre-crisis period. In a significant number of countries, foreign debt service is now a major constraint on fiscal space. G20 efforts to provide relief to poor countries have highlighted long-standing weaknesses in the international architecture for sovereign debt relief and restructuring. As we move into an uneven and uncertain recovery, with risks of volatility in global capital flows, the long-term costs of unresolved debt distress for both debtor and creditor countries will only increase.