The COVID-19 crisis presents an “extraordinary opportunity” for the world’s leading economic forum to respond to the numerous threats the disease poses to people everywhere, the UN Secretary-General has said.
In a letter to the members of the Group of 20 industralized powers (G-20), António Guterres welcomed their decision to convene an emergency virtual summit on the pandemic, which has already affected health, education and economies worldwide.
“COVID-19 will require a response like none before — a ‘war-time’ plan in times of human crisis”, he wrote on Monday.
“The G-20 leadership has an extraordinary opportunity to step forward with a strong response package to address the various threats of COVID-19. This would demonstrate solidarity with the world’s people, especially the most vulnerable”.
Suppress the virus
Mr. Guterres recommended three areas for discussion and decision-making at the meeting, due to be held on Thursday.
Topping his list is the need for coordinated action to suppress the virus through “an articulated response mechanism” guided by the World Health Organization (WHO).
“Such a mechanism would strengthen the global response and provide countries with stronger capabilities to stop transmission: test, trace, quarantine, treat the sick and coordinate measures to restrict movement and contact. It would also help enhance scientific collaboration in the search for a vaccine and therapeutic treatment”, he said.
Additionally, he called for increased procurement of medical and protective equipment, particularly for developing countries, and offered up the UN’s global supply network for this purpose.
G-20 leaders were also asked to ban tariffs and remove restrictions on cross-border trade that affects the deployment of medical equipment, medicines and other essential goods.
“And I am encouraging the waiving of sanctions imposed on countries to ensure access to food, essential health supplies, and COVID-19 medical support. This is the time for solidarity not exclusion”, the Secretary-General added.
Stimulus package for developing countries
For his second point, Mr. Guterres previewed the social and economic impact of the pandemic, which is likely to be in the trillions of dollars. He urged the G-20 to launch a large-scale stimulus package for developing countries.
“Unlike 2008, this is not a banking crisis”, he said. “While the liquidity of the financial system must be guaranteed, we need to focus on people — families, low-wage workers, small and medium enterprises and the informal sector. Important steps have already been taken by developed countries in this direction. This must be scaled up”.
Furthermore, developing economies also will require a support package that could include trade credits, liquidity lines and help in accessing concessional financing.
‘Recover better’ through sustainable development
Looking further ahead, the UN chief underlined the need to “recover better” through more inclusive and sustainable development models. The pandemic has served as a “stark reminder” of humanity’s common fate and the need to invest in critical public services and social protection systems.
“We must ensure that the recovery strategy out of this crisis keeps us on track towards these longer-term objectives, building a sustainable and inclusive economy”, he said.
Mr. Guterres also urged G-20 nations to “contribute generously” to the COVID-19 humanitarian appeal he will launch on Wednesday, mainly focused on 40 countries where health systems are most vulnerable.
Strengthen Inclusion and Empower the World’s Invisible Billion
The World Bank announced today the launch of the second Mission Billion Challenge for innovative solutions to increase inclusion and access to digital platforms such as identification systems. This challenge will crowdsource innovations at a time when countries seek to deliver cash relief to vulnerable persons, such as informal workers affected by the COVID-19 pandemic. The Challenge offers cash prizes totaling US$150,000 for the most promising solutions.
“The challenges countries are facing to mitigate the economic impact of COVID-19 underscore the urgency for action. Innovation that takes into consideration gender equality and different levels of access to technology among vulnerable groups is critical,” said World Bank Vice President for Infrastructure Makhtar Diop, “The Mission Billion Challenge is a platform for sourcing solutions that address disparities by helping to ensure identification systems are inclusive of all people.”
The Mission Billion Challenge comes at a time of an unprecedented global crisis. The pandemic highlights the importance of platforms (such as foundational IDs, government to person (G2P) payments, and social registries) to quickly scale up or to introduce new social protection programs. In particular, countries with such assets have been able to efficiently make cash transfers to informal workers, migrant workers, and other vulnerable populations who are difficult to identify and not commonly included in social safety nets. The Challenge seeks more solutions to how countries can increase their efforts to reach women and girls, and vulnerable populations—who often lack smartphones, computers and broadband internet access—to prove who they are, remotely with no or minimal in-person interaction, so they can access services and benefits with minimal risks to health.
“Inclusion must be at the heart of all digital solutions. Vulnerable groups—such as the poor, people living in remote areas, women and girls, migrants and refugees—are more likely to face barriers to accessing and using their IDs. They must have equal access to services, support, and new economic opportunities which having an ID helps create,” said World Bank Vice President of Equitable Growth, Finance, and Institutions Ceyla Pazarbasioglu.
The 2020 Mission Billion Challenge offers a Global Prize for solutions with world-wide application to ensure the inclusivity of ID systems for vulnerable groups, particularly during physical distancing requirements. This year, a new Regional West Africa Prize, will seek innovative solutions that facilitate contributions to social insurance programs, such as pensions and savings accounts, by informal sector workers.
Individuals and organizations with a strong passion for developing innovative solutions are encouraged to apply. Submitted solutions to the Challenge will be reviewed by a group of experts in digital identification, inclusion, and international development. Finalists will be invited to a high-level event to present their solutions in front of distinguished judges around the World Bank Group’s Annual Meetings in October 2020.
The Mission Billion Challenge is open. The submission deadline is August 14, 2020. To learn more about the Challenge, visit: http://id4d.worldbank.org/missionbillion.
About the Identification for Development (ID4D) Initiative
The World Bank Group’s Identification for Development (ID4D) Initiative helps countries realize the transformational potential of digital identification. ID4D is a cross sectoral initiative that works closely with countries and partners to enable all people to exercise their rights and to access services, including to provide official identification to the estimated 1 billion people currently without one. ID4D has three pillars of activity: country and regional engagement; thought leadership; and global convening and platforms. The ID4D agenda supports the achievement of the World Bank Group’s two overarching goals: ending extreme poverty by 2030 and promoting shared prosperity. ID4D is supported by the Bill & Melinda Gates Foundation, the UK Government, the French Government, the Australian Government, and Omidyar Network.
Enabling Europe to lead the green and digital transition
The Commission released today its latest report on the EU’s Science, Research and Innovation Performance, through which it analyses how Europe performs in the global context. It highlights the need for research and innovation (R&I) to support sustainable and inclusive growth of companies, regions and countries, making sure that no one is left behind in the quest for strengthening innovation systems, especially in less-developed regions. It also emphasises the importance of ensuring that Europeans have the right skills, in the light of new technological revolutions, as well as the significant role of R&I policy in reinforcing companies’ productivity, resulting in jobs and value creation, in a sustainable way. In particular, the 2020 edition of the biennial report presents 11 policy recommendations to support our people, planet and prosperity.
Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth said: “Research and innovation is at the core of the response to the unprecedented crisis we are facing and can significantly contribute to the economic recovery. The 2020 Science, Research and Innovation Performance report shows how research and innovation are central to bring about the ecological and digital transitions Europe needs. Horizon 2020 and the future Horizon Europe programme play a crucial role in this transformation.”
The EU ranks among the top players in scientific production and excellence, for example accounting worldwide for 25% of top-cited scientific publications on the topic of climate and for 27% in the area of bioeconomy. When it comes to patent applications in these two areas, the EU is also leading the way with 24% in climate and 25% in bioeconomy. Yet, more efforts are needed to turn research results into sustainable marketable solutions as well as to build a strong European Research Area and increase the effectiveness of public research systems.And, as digitalisation is transforming R&I,the right policy mix should foster deep-tech and researchers’ digital skills, alongside promoting open science and ensuring sufficient investments in high-quality data infrastructures. Horizon Europe, the EU’s next research and innovation framework programme, will be a key part in stepping up and steering R&I efforts, through its mission-oriented approach and European partnerships.
Building on the EU’s excellence and top performance in science-based research and innovation, the Science, Research and Innovation Performance report presents 11 policy recommendations, grouped around three main pillars:
- R&I for a safe and just space for humanity;
- R&I for global leadership;
- R&I for economic and societal impact.
Together, they pave the way towards R&I delivering on the Sustainable Development Goals and mainstreaming them into EU policies and initiatives that will contribute to a fair, climate-neutral and digital Europe, while at the same time boosting the competitiveness of European businesses and regions.
The Science, Research and Innovation performance of the EU report analyses research and innovation dynamics as well as Europe’s performance on science and innovation and their drivers. The Report combines indicator-based macroeconomic analysis with in-depth analytical research to create a narrative that speaks to an audience of both research and innovation as well as economics and finance policymakers and analysts. This is the third edition of the biennial publication by the European Commission’s Directorate-General for Research and Innovation.
World Bank: Belarus’ Economy Can Face a Severe Shock
As a small, open, commodity-exporting economy, Belarus is heavily exposed to shocks caused by deep contractions in its main trading partners, the collapse of oil prices, and global financial volatility related to the COVID-19 pandemic, says the World Bank’s latest Economic Update for Belarus, released today. Belarus’ economy is anticipated to contract by at least 4 percent in 2020 – the largest decline in 25 years – and growth is expected to remain weak in the medium-term.
“The impacts of COVID-19 will be severe for Belarus,” said Alex Kremer, World Bank Country Manager for Belarus. “A faster return to normal, however, could be achieved by enabling social distancing to slow the spread of the virus and cash transfers to assist vulnerable households. In addition, policy measures to boost competitiveness and productivity will allow Belarus to take advantage of global trends expected to accelerate after COVID-19. These include the growth of digital services, as well as more opportunities for goods and services, as producers seek to diversify supply chains and relocate manufacturing closer to home.”
A Special Topic Note that is part of the Update reviews the experiences of other countries in responding to the pandemic and formulates potential policy measures for Belarus.
“To help mitigate the social and economic impacts of the pandemic, it is critical to strengthen support to the poor and most vulnerable,” said Kiryl Haiduk, World Bank Country Economist for Belarus. “In Belarus, this could include increasing the coverage and generosity of means-tested benefits, such as the cash component of the targeted social assistance program (GASP), and increasing unemployment support.”
Since the Republic of Belarus joined the World Bank in 1992, lending commitments to the country have totaled $2.1 billion. In addition, the country has received grants of $31 million. The active investment lending portfolio financed by the World Bank in Belarus includes ten projects totaling $1.05 billion.
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