The World Bank's strategy to support low-income countries during COVID-19 has focused on providing new loans and grants. Has it worked?
Aid and Development
The National Assembly recently approved the 2021 budget proposal submitted by the federal government of Nigeria.
As the nation grapples with the health, economic, and social impacts of the pandemic, here’s what you need to know about Nigeria’s government priorities and allocations:
The 2021 budget is higher by 26% from last year’s budget (N13.6 trillion vs N10.8 trillion).
There was an increase in debt service allocation. In fact, debt servicing is almost 3 times more than total allocation to education...
This year, in the face of a global pandemic, the fight against global poverty and inequality became tougher, but more important than ever.
Our tireless activists fought for fair deals on debt, vaccine access, aid budgets, and more. Hundreds of thousands of global activists signed petitions, completed surveys, tweeted at or sent emails to politicians, attended briefing calls, shared messages of solidarity, or danced to our anthem “Stand Together.”
Here’s a quick look at some of what ONE and our activists...
The World Bank predicts the greatest drop in remittances in recent history, with low-income developing countries set to receive US$110 billion less, due to COVID-19 in 2020.
Remittances, which are the cash flows sent home by migrant workers to help their families, are a huge source of finance for low- and-middle-income countries. Last year, these countries received 78% of the US$714 billion that were sent around the world. Global remittance flows were five times higher than official development assistance in...
It has been more than three months since Isaac Mutua, a Kenyan working in Durban, South Africa, sent money home to his family back in Kenya. Mutua, a renowned chef, lost his job after his employer closed down the restaurant where he worked following the COVID-19 lockdown measures in South Africa starting on 24 March.
Since 2015, Mutua has been sending $300 monthly to Nduta, his wife based in Kitengela, outside of Nairobi. His remittances have been their sole source...
Before COVID-19, 135 million were experiencing hunger so severe that it threatened their lives and livelihoods. Now with COVID-19, that number could double by the end of 2020.
Pandemics and hunger crises go hand in hand. COVID-19 is no different. The economic impact of the pandemic translates into poverty as millions of people’s sources of income fall due to job losses. Remittances to low-and middle-income countries are expected to fall by 20% in 2020, more than double international aid to...
This is what happened when we decided to tract the impact of health funding on local communities across Nigeria.
The highlight of my weekend was watching a 200-strong crowd shout in unison: Poverty is Sexist.
We were gathered on International Women’s Day to launch ONE’s new campaign in the presence of government and UN officials, action/2015 partners, celebrities, the media and over 200 ONE supporters at Indaba Conference Centre in Johannesburg.
This week in Addis Ababa, I attended Gender Is My Agenda Campaign (GIMAC)’s pre-AU Summit Consultative Meeting on Mainstreaming Gender in the African Union and its Member States. This year, gender issues are not only being streamlined in the key policy processes on the continent – they are the priority.