In order to reverse this serious setback to development progress and poverty reduction, countries will need to prepare for a different economy post-COVID, by allowing capital, labour, skills and innovation to move into new businesses and sectors, World Bank Group President David Malpass said.By 2021, as many as 150 million people likely to be in extreme poverty due to COVID-19: World Bank
In order to reverse this serious setback to development progress and poverty reduction, countries will need to prepare for a different economy post-COVID, by allowing capital, labour, skills and innovation to move into new businesses and sectors, World Bank Group President David Malpass said.
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