Inequality under the COVID19 Pandemic
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Everyone is at risk from COVID-19, but all have not suffered equally. Early indications point to an unequal pattern of recovery from the COVID-19 pandemic, posing significant risks to long-term equity and social mobility. Data from World Bank’s rapid phone surveys launched in April 2020 across all developing regions to monitor the impact of the crisis on households show that, on average, more than one-third of those working before the pandemic stopped working when lockdowns were imposed and more than 60% of households lost some income. Income losses and hunger were more common among households in poorer countries. Within countries, employment and income losses were felt most acutely by vulnerable workers, women, youth and the less educated. Lower incomes often translated into food insecurity for disadvantaged households, and a large fraction of children in poorer families, particularly those in low-income countries, have not had access to learning during school closures. To prevent the pandemic from starting a downward cycle into further inequality, urgent policy action is required. This event will discuss these challenges and include presentations on the latest World Bank research on the pandemic’s effects on inequality, including labor markets and gender impacts. More information: https://live.worldbank.org/inequality... • 🗣️ Speakers • • Indermit Gill, Vice President, Equitable Growth, Finance, and Institutions, World Bank Group • • David Newhouse, Senior Economist, Poverty Equity Global Practice, World Bank Group • • Miriam Muller, Social Scientist, Poverty Equity Global Practice, World Bank Group • • Ambar Narayan, Lead Economist, Poverty Equity Global Practice, World Bank Group • • Carolina Sánchez-Páramo, Global Director, Poverty Equity, World Bank Group • • Vivi Yulaswati, Senior Advisor to the Minister of National Development Planning for Social Affairs and Poverty Reduction, Indonesia • • Abigail Adams-Prassl, Associate Professor, University of Oxford • • Jonathan Rothwell, Principal Economist, Gallup • • Shameran Abed, Senior Director, Microfinance and Ultra-poor graduation, BRAC International • 📑 Agenda • 00:00 Welcome, introductions and opening remarks • 01:42 Presentation of research by WB experts in Poverty Equity • 34:52 The impact of the pandemic on the poorest in Bangladesh • 40:15 The labor-market impacts of the pandemic in the developing countries • 47:35 How much people's lives have been affected by the pandemic • 53:29 What the World Bank is doing to track inequality caused by the pandemic • 59:12 How COVID has affected Indonesia in terms of poverty and inequality • 1:07:35 Q A from the live audience • 1:11:15 Policy measures to ensure a broad-based recovery from the pandemic • 1:19:25 Closing remarks • ABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org • FOLLOW US ► ► ► • YouTube: http://wrld.bg/x4SB50x47Lu • Facebook: / worldbank • Twitter: / worldbank • Instagram: / worldbank • LinkedIn: / the-world-bank • Events: http://live.worldbank.org • Immersive Stories: https://www.worldbank.org/en/who-we-a... • Newsletter: https://www.worldbank.org/en/newslett...
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