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E-book Global Solutions, International Partnerships : The European Investment Bank Development Report 2021

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Penilaian

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The world was not doing enough for sustainable development, even before the pandemic. The existing gap in financing for the achievement of the Sustainable Development Goals has been estimated at around $2.5 trillion.1 Growth in developing and emerging economies was, however, steadily reducing the number of people in extreme poverty. The recession caused by COVID-19 has reversed that process, already pushing some 120 million people back into extreme poverty.2Judged by the number of positive COVID tests, many developing countries, particularly in Africa, seem to have weathered the pandemic quite well. But we shouldn’t be complacent. Comparing mortality rates since the start of 2020 with previous years suggests 130 000 excess deaths in South Africa alone. In Egypt, a country where infection rates have appeared comparatively low, there are 75 000 more deaths than usual.3 Global action to bring the spread of this disease to an end everywhere is a moral imperative. Even where infection rates have been lower, we must remember that not all countries have the same capacity to respond, to cushion the social and economic impacts. The pandemic has exposed investment needs in public health systems and digital infrastructure, as well as vulnerabilities due to a lack of fiscal space and low economic diversification. Vulnerable groups such as those in precarious or informal employment, economic migrants and women are most exposed to the economic fallout, exacerbating inequalities.Worse than the immediate economic consequences of the pandemic might be what economists call “scarring”: the damage that could weaken development prospects for years or decades to come. The impact of this learning loss will last decades. Not only might it take years for children to catch up with what they have missed, but lost learning may have long-term implications for earnings potential and economic development. Inequalities are likely to be exacerbated. One factor is that poorer children are less likely to have access to the internet and less likely to be able to benefit from online classes, if these are provided. Another is that the rise in poverty triggered by the pandemic is likely to cause more children of very low-income families to drop out of school. Girls are often more likely to be withdrawn from school, so the negative impact on the education of girls may be even greater than that for boys. An end to this disruption of education cannot come soon enough.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

338.9 EIB g

Penerbit

Denmark : European Investment Bank., 2021

Deskripsi Fisik

76 hlm

Bahasa

English

ISBN/ISSN

9789286150555

Klasifikasi

338.9

Tipe Isi

text

Tipe Media

computer

Tipe Pembawa

online resource

Edisi

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Subjek

Economic Development and Growth

Info Detail Spesifik

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Pernyataan Tanggungjawab

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Versi lain/terkait

Lampiran Berkas

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