PM Boris Johnson will call on world leaders to back efforts to speed up the development of new vaccines, treatments and tests at G7 meeting The Prime Minister is setting out his ambition to cut the time to develop new…
The pre-Covid global economy evolved over centuries. Economic prosperity initially was based on natural wealth in the form of raw materials, fertile lands, water and population. This is referred to as economic comparative advantage. National wealth was created through trading…
IFC, a member of the World Bank Group, is providing a debt financing package to Hikma Pharmaceuticals to help ensure smooth deliveries of medicines across the Middle East and North Africa amid the COVID-19 pandemic. The $200 million package is…
By Lucy Desai In this piece we examine the link between the length of time countries across the world have spent in lockdown and the economic damage. Are lockdowns completely to blame for the contraction of GDP around the globe?…
Just when it seemed like the Coronavirus was subsiding, the second wave of the virus decided to rear its ugly head. While businesses have finally reopened and started recouping from the effects of the pandemic, they’re now being forced to…
The entire Coronavirus crisis has severely hit economies all over the world. The United States is not an exception. Pandemic pushes US personal spending to record largest decline since 1959. Research by Finbold.com shows that the United States’ personal spending has significantly dropped…
His Majesty King Abdullah on Wednesday directed the government to plan beyond the current period and set a clear timetable to protect and sustain the economy, while also devising an economic plan to overcome the current exceptional circumstances and taking…
To Help Sustain Economies and Protect Jobs, the World Bank Group Increases COVID-19 Response to $14 Billion. The World Bank and IFC’s Boards of Directors approved an increased $14 billion package of fast-track financing to assist companies and countries in…