WGS outlines 21 priorities for governments in 2021
DUBAI, 3 hours, 24 minutes
ago
The World Government Summit Organization (WGS) has launched a new report highlighting 21 critical priorities for the world’s governments as they rebuild and recover from the disruption caused by the coronavirus (Covid-19) pandemic.
While dealing with the pandemic has absorbed the attention of governments around the world over the last 18 months, underlying societal issues such as mental health challenges and the climate crisis are set to intensify if governments do not adopt a holistic and proactive approach to the recovery effort, the report suggests.
The report highlights that almost 50 percent of the global cost incurred by the pandemic will fall on developed economies. Even if these countries are able to vaccinate their entire population and developing nations succeed in vaccinating 50 percent of their population, the world economy could take an economic hit of up to $3.8 trillion, with half of that cost absorbed by the wealthiest countries, the report asserts.