Washington D.C., 14 October 2021 (TDI): The World Bank is hosting its “Growth in a Time of Disaster: What’s Coming in the Emerging Economy” event to discuss changes and ongoing global economic policies during and after the coronavirus Pandemic.
Global growth is expected to reach 5.6% by 2021, the strongest post-economic slowdown in 80 years. Recovery, however, is expected to be highly unequal in and out of countries. In addition, the pandemic has widened the social and economic gaps. This is the time for countries to use this opportunity to make changes. The policy frameworks to ensure strong growth that takes into account the needs of everyone.
World Bank Progress
Countries suffer and stand at different levels depending on their existing health infrastructure or inequality of access to health care. Emergency preparedness, and economic stability. However, the growing gap between developing and developing countries is huge. World Bank President, David Malpass and Chief Economist Carmen Reinhart, as well as other top professionals, Policymakers, leaders of private companies, and representatives of civil society organizations on the way to developing countries.
Flex Mlusu, Minister of Finance of Malawi; Elliot Harris, UN Secretary-General for Economic Development, and Chief Economist and Husna Ahmad, CEO of global one 2015, discussed how they could support inclusive growth and transformation and the devastating effects of the epidemic on poverty and sharing the prosperity of 40% of the population.
Ali Allawi, Iraqi Deputy Prime Minister and Minister of Finance; Maya Chorengel, a joint venture partner in the Rise fund and Pia Tayag, Director in the office of the UN Secretary-General who is the Special Advocate for Integrated Development (UNSGSA). He focused on how to increase private investment and create jobs in low-income countries. Reza Baqir, Governor of the State Bank of Pakistan, has reflected on the role of major banks in helping countries cope with the global crisis.
Throughout the dialogue and inclusive engagement showcased the words of the head of state youth and small business owners.
What is the best way to boost inclusive economic growth?
A. Creating jobs & increasing private investments
B. Policy reforms
C. Expanding vaccine distribution
D. Investing in safety nets that focus on vulnerable pop
Tell us in the comments & watch the #Growth4All event replay🎥
— World Bank (@WorldBank) October 14, 2021