The negative impacts of corruption are well known. It diverts scarce development dollars from the people who need them most and corrodes the systems and services that are integral for reducing extreme poverty and promoting shared prosperity
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Tackling climate change will require major social, economic and technological changes, many of which are costly and will require large investments.
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The Asian Development Bank (ADB) today launched an Asia Pacific Tax Hub to create an open and inclusive platform to promote strategic policy dialogue, improve knowledge sharing, and strengthen coordination on tax policy and administration among ADB, its members, and development partners.
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The COVID-19 pandemic has caused an unprecedented health, economic, and social crisis. It is threatening the lives and livelihoods of millions, increasing poverty and inequality, and reversing development gains.
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Organisations behind the Platform Initiative in Support of Coal Regions in Transition in Western Balkans and Ukraine agreed to join efforts to support the transition away from coal and towards a low-carbon and climate-resilient future in the Western Balkans and Ukraine, in a first meeting held online on 10-11 December.
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COVID-related school closures risk pushing an additional 72 million primary school aged children into learning poverty—meaning that they are unable to read and understand a simple text by age 10—according to two new World Bank reports released today.
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While metal and agricultural commodities have recouped their losses from the COVID-19 pandemic and are expected to make modest gains in 2021, energy prices, despite some recovery, are expected to stabilize below pre-pandemic levels next year, the World Bank said.
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An estimated one in six children – or 356 million globally – were living in extreme poverty before the COVID-19 pandemic began, and this is set to worsen significantly, according to a new World Bank Group and UN Children’s Fund (UNICEF) analysis released on Tuesday.
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The COVID-19 pandemic is not just impacting health, livelihoods, and economies. It has demonstrated—with deadly effect—that national borders offer little protection against some calamities. The pandemic has underscored the deep connections between economic systems, human health, and global well-being. And it has focused our efforts on building systems in countries that will better protect all
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