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COVID-19: The costly setback in Latin American women s progress 03/04/2021 | 03:03pm EDT Send by mail : Message : Required fields This coming March 8, International Women s Day, is shaping up to be a day with little to celebrate. There will be no presents, no Happy Women s Day greetings, no celebrations. Almost a year after the pandemic was declared in several Latin American countries, the lockdowns that were imposed to mitigate the contagion have become a setback for much of the progress that had been achieved in gender issues in recent years. And the data confirms the worst fears: that Covid-19 is ravaging the most vulnerable populations in the region. ....
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Policy support can help firms weather COVID-19, but reach and targeting must be improved Photo: Dominic Chavez / IFC Firms and workers continue to be deeply impacted by the COVID-19 pandemic as it enters its eleventh month. Building on insights from COVID-19 Business Pulse Surveys, the first blog post in this series described the implications of the crisis for firm sales, employment, and financial performance, while the second discussed record levels of uncertainty and firms’ coping strategies, including adoption of digital technology. This third and final part of the series focuses on public policy responses. While developing countries acted rapidly to support firms, their response is a small fraction of what has been provided in high income countries. Since the onset of the crisis, governments in 135 countries have implemented 1,600 measures directly aimed at supporting firms and SMEs, of which 995 were in developing countries. More than three quarters of these mea ....
Image The New Poor Over the past 12 months, the pandemic has harmed the poor and vulnerable the most, and it is threatening to push millions more into poverty. This year, after decades of steady progress in reducing the number of people living on less than $1.90/day, COVID-19 will usher in the first reversal in the fight against extreme poverty in a generation. In a worst-case scenario, the figure could be as high as 115 million. The World Bank Group forecasts that the largest share of the “new poor” will be in South Asia, with Sub-Saharan Africa close behind. According to the latest Poverty and Shared Prosperity report, “many of the new poor are likely to be engaged in informal services, construction, and manufacturing – the sectors in which economic activity is most affected by lockdowns and other mobility restrictions.” ....