The Short Run Economic Costs Of Covid 19 In Developing Countries In 2020 A Synthesis Of Results From A Multi Country Modeling Exercise

Download or read book The short-run economic costs of COVID-19 in developing countries in 2020: A synthesis of results from a multi-country modeling exercise written by Pauw, Karl and published by Intl Food Policy Res Inst. This book was released on 2021-06-04 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: As COVID-19 spread across the globe in early 2020, governments had to make difficult policy choices to balance the socioeconomic costs of social distancing and lockdown measures, on the one hand, and the human costs of increased morbidity and mortality of an unchecked pandemic, on the other. The challenge was particularly daunting for developing countries with their often illequipped and underfunded health systems coupled with general skepticism about the effectiveness of economic restrictions to curb viral spread, especially in densely populated informal urban communities (The Economist 2020). Poorer developing country populations also tend to be less resilient to income shocks, while the social protection measures needed to mitigate against income losses are costly. With developing country governments already heavily indebted before the pandemic (Onyekwena and Ekeruche 2019), and with further anticipated losses in tax revenues due to COVID-related economic restrictions, their ability to finance palliative measures without sacrificing much-needed, longer-term public investments has remained a major concern.

Download or read book Global Economic Prospects, June 2021 written by World Bank and published by World Bank Publications. This book was released on 2021-08-03 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.

Download or read book COVID-19 and global food security: Two years later written by McDermott, John and published by Intl Food Policy Res Inst. This book was released on 2022-03-07 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two years after the onset of the COVID-19 pandemic, the health, economic, and social disruptions caused by this global crisis continue to evolve. The impacts of the pandemic are likely to endure for years to come, with poor, marginalized, and vulnerable groups the most affected. In COVID-19 & Global Food Security: Two Years Later, the editors bring together contributions from new IFPRI research, blogs, and the CGIAR COVID-19 Hub to examine the pandemic’s effects on poverty, food security, nutrition, and health around the world. This volume presents key lessons learned on food security and food system resilience in 2020 and 2021 and assesses the effectiveness of policy responses to the crisis. Looking forward, the authors consider how the pandemic experience can inform both recovery and longer-term efforts to build more resilient food systems.

Download or read book Double Jeopardy: COVID-19, coup d'etat and poverty in Myanmar written by Myanmar Agriculture Policy Support Activity (MAPSA) and published by Intl Food Policy Res Inst. This book was released on 2022-06-28 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Myanmar experienced four distinct COVID shocks to its economy over 2020 to early 2022 as well as a military takeover in February 2021 that created severe political, civil and economic turmoil. COVID and the coup d’état reversed a decade of growth and poverty reduction, but the full extent of the crisis on household poverty has remained uncertain because of the challenges of conducting large-scale in-person welfare surveys during the pandemic and recent political instability. Here we combine ex ante simulation models with diverse phone survey evidence from mid-2020 to early 2022 to estimate the poverty impacts of these shocks and some of the mechanisms behind them. Both simulations and surveys are consistent in painting a grim picture of rising poverty, capital-depleting coping mechanisms, and the complete collapse of government-provided social protection.

Download or read book COVID-19 impacts on smallholder farmers in Northern Shan State in Myanmar written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 2021-12-22 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Report on how the first wave of COVID-19 impacted on smallholder farmers in northern Shan State in Myanmar. The study examines the interactions of reduced border trade, remittances and contracted labour markets on household food security, nutrition and land tenure. In turn, tenure insecurity in rural areas may deepen the effects of COVID-19, as most rural people struggle to sustain their livelihoods through access to land and other natural resources. This is relevant as many ethnic groups in northern Shan State continue to manage their land through customary tenure systems that are not fully recognized by state authorities.

Download or read book Mitigating poverty and undernutrition through social protection: A simulation analysis of the COVID-19 pandemic in Bangladesh and Myanmar written by Ecker, Olivier and published by Intl Food Policy Res Inst. This book was released on 2023-02-13 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic resulted in severe income losses, but little is known about its impacts on diets and nutritional adequacy, or the effectiveness of social protection interventions in mitigating dietary and nutritional impacts. We first assess the likely impacts of COVID-19 shocks in Bangladesh and Myanmar on poverty and food and nutrient consumption gaps. We then analyze the estimated mitigating effects of five hypothetical social protection interventions of a typical monetary value: (1) cash transfers; (2) in-kind transfers of common rice; (3) in-kind transfers of fortified rice enriched with multiple essential micronutrients; (4) vouchers for a diversified basket of rice and non-staple foods; and (5) food vouchers with fortified rice instead of common rice. The simulation results suggest modest effectiveness of the cash transfers for mitigating poverty increases and little effectiveness of all five transfers for preventing increasing food and nutrient consumption gaps among the poorest 40%. Rice fortification is, however, effective at closing key micronutrient consumption gaps and could be a suitable policy instrument for averting ‘hidden hunger’ during economic crises.

Download or read book Resilience in the Malawi agri-food system amid the COVID-19 crisis: Evidence from a 2021 nationally representative household survey written by Ragasa, Catherine and published by Intl Food Policy Res Inst. This book was released on 2022-03-30 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a farm-level analysis of the effects of the COVID-19 crisis, 12–15 months in, using a nationally representative rural household survey conducted in June–July 2021. We draw three major observations from the survey. First, farming activities, access to inputs and extension services, production, and sales were largely unaffected by the crisis. There were temporary challenges in accessing inputs during lockdown and mobility restrictions, and input prices and transportation costs increased; however, production and sales volume and value were largely unaffected. Second, although farming was not affected, other nonfarm livelihoods of a large proportion of farmers were negatively affected because of lower demand and fewer buyers. Eighty-two percent of rural households were engaged in various nonfarm livelihoods, and 32 percent reported negative impacts of the crisis on their nonfarm incomes. Third, direct responses from sample households indicate no negative impacts of the crisis on food access and food consumption by most rural households. Comparisons between 2018 and 2021 of various food security indicators show improvements in food access and dietary diversity. Improvements are likely attributable to better harvests overall and greater awareness of the need to eat healthy and nutritious foods to combat COVID-19 and other diseases. Results show overall resilience of rural households and the agriculture sector amid the COVID-19 crisis. Nonetheless, the survey was conducted right after harvest, and the situation needs to be monitored during the lean season.