What can be done about COVID-19 debt surges
2020 saw the largest single-year surge in global debt since at least 1970, as a result of the global pandemic. So, what can policymakers do?
The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. The World Bank Group comprises five institutions managed by their member countries. Established in 1944, the World Bank Group is headquartered in Washington DC. It has more than 10,000 employees in more than 120 offices worldwide.