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Significance
The World Bank Group has rushed to make country response funds worth USD12bn available on a fast-track basis. The diversion of resources and equipment has undermined efforts to tackle COVID-19 in many countries.
Impacts
The diversion of COVID-19 resources will disproportionately affect the poor and marginalised groups who cannot afford private provision.
COVID-19-related corruption scandals will increase public frustration and fuel protests.
Misuse of COVID-19 funds will make it harder for revenue-strapped governments to persuade Western donors to provide further aid.
Keywords:
International,
INT,
IMF-World Bank,
United Nations,
Africa,
Asia,
CIS,
Europe,
Latin America,
Middle East,
North America,
economy,
industry,
aid,
corruption,
government,
health
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
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