Dear Prime Minister Draghi, Finance Minister Franco
cc G20 Finance Ministers and Central Bank Governors,
We warmly welcome the “People, Planet, Prosperity” framing of the Italian G20. We call upon the G20 Leaders and Finance Ministers meeting on February 26th to agree the following steps to deliver historic increases in the quality and quantity of financing for a global recovery that is job-rich, resilient, and environmentally, socially and financially sustainable.
Together we must recognize that there are three concurrent crises to crack-...
COVID-19
COVID-19 is not just a health crisis, but a massive economic crisis costing the global economy more than US$300 billion a month — roughly US$10 billion a day — over six years. Government finances have been hit hard due to strict lockdowns, and dramatic declines in global trade, commodity prices, and tourism. While every country is affected, not every country has equal means to respond. Many wealthy countries moved swiftly to keep their economies afloat through stimulus packages worth...
Something amazing has happened. The World Trade Organization just appointed its first-ever woman director general and its first-ever African as director general, all in the person of Dr. Ngozi Okonjo-Iweala. The new DG brings both energy and amazing experience to the table — former VP of the World Bank, former finance minister of Nigeria, past chair of the board of the Global Alliance for Vaccines and former board member of the ONE Campaign. CV highlights aside, Dr. Ngozi brings...
Maryjacob Okwuosa, Mukhtar H. Modibbo are Youth Leaders for Global Partnership for Education. They raise awareness of the barriers to education and aim to increase the ambition of leaders for financing education and development.
The impact of COVID in Nigeria
The advent of the COVID pandemic has not only revealed the poor state of infrastructure and facilities in the health sector of Nigeria but also revealed the reality of the dilapidation and poor funding of the education sector. Aside from the...
A roundup of the latest news, stats, and analysis of COVID-19’s impact in Africa. View our data tracker and sign up for our weekly newsletter here, and read on for more on COVID’s impact on food security in Africa. But first, what to look for at this week’s G7 meeting.
Top news
War-time footing: South African President Cyril Ramaphosa, new Italian Prime Minister and G20 Chair Mario Draghi, and US President Joe Biden have all said we are at war with...
The world’s richest countries are on track to accumulate over 1 billion more doses of COVID-19 vaccines than they need to fully vaccinate all their citizens, according to new analysis from ONE’s Policy team. Meanwhile, the rest of the world has only been able to secure 2.5 billion doses of the most promising vaccines — leaving billions of people with little hope of receiving a vaccine this year. These excess doses purchased by rich countries alone would be sufficient...
With more than 107 million COVID-19 cases worldwide, more contagious strains evolving at an alarming speed from the UK to Brazil, and recent shortages of vaccines supplies, we are now at a tipping point in the fight against COVID-19.
The only one way out of this pandemic is to get vaccines, tests, and treatments to every corner of the planet. Simply vaccinating European citizens won’t work. If vaccines are not available to everyone, everywhere, more resistant variants could develop and...
This pandemic has been as devastating to lives and livelihoods as any war. And yet the world has failed to mobilize the money, the tools, and the political leadership we would muster if we faced a world-wide conflict.
As we approach the one-year anniversary of the pandemic, the impact is stunning: it has claimed almost 2.5 million lives, shattering families and communities, and left huge holes in the lives of many millions more. The virus has infected almost 110 million...
A roundup of the latest news, stats, and analysis of COVID-19’s impact in Africa. View our data tracker and sign up for our weekly newsletter here, and read on for a primer on COVAX and what to look for at this week’s G7 meeting. But first, how to avert a lost decade for African development.
Top news
Lost decade: COVID is set to cost the global economy on average $1 billion a day over the next six years, according to the...
COVID-19 is threatening to wipe out decades of economic progress and development gains. Sub-Saharan Africa fell into recession for the first time in 25 years in 2020, with economic growth contracting by 3%, the worst on record.
For many countries, a return to 2019 economic growth levels will not occur until 2022–24. Alarmingly, the pandemic will push up between 88 and 115 million people into extreme poverty — those living under US$1.90 a day — around the globe, reversing the...