March 30, 2020
“Coronavirus is Earth’s vaccine. We’re the virus.”
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March 26, 2020
While the economic impact of a pandemic may not be long-lasting if the underlying cause is contained quickly, it can be powerful enough to shutter some businesses and lead to sharp spikes in unemployment. The biggest pandemic in modern history was the Spanish Flu of 1918-1919, during which many service-based businesses suffered double-digit losses.
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March 26, 2020
Georgieva said the IMF would massively step up emergency finance, noting that 80 countries have already requested help and that the IMF stood ready to deploy all of its US$1 trillion (S$1.45 trillion) in lending capacity.
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March 26, 2020
In response, IFC is increasing the amount of financing for companies to help fight the outbreak. IFC’s Board of Directors on Tuesday approved an additional $2 billion in fast-track financing, bringing the total to $8 billion in support to help sustain economies and protect jobs.
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March 26, 2020
Education interventions during a crisis can support prevention and recovery of public health while mitigating the impact on students and learning. Where health facilities may be scarce, schools can be turned into makeshift holding centers during a crisis. This all needs to be factored into planning, particularly during the coping and recovery phases.
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March 20, 2020
Startups are also worrying about the rising economic uncertainty that comes with a pandemic. The United Nations (UN) has warned that the outbreak could cost the global economy $1 trillion this year alone, and tech leaders from top firms including Sequoia Capital and Founder Institute are providing advice to startup founders about bracing ourselves for turbulence.
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