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COVID-19 in Solomon Islands - Economic and Social Impacts: Insights from the January-February 2022 Round of High Frequency Phone Surveys(Washington, DC, 2022-07) World BankThis report focuses on the socio-economic impacts of Coronavirus (COVID-19) in Solomon Islands. The fourth round of the high frequency phone survey (HFPS) interviewed 2,671 households in January-February 2022 on the socio-economic impacts of Coronavirus (COVID-19), including employment and income, community trust and security and COVID-19 vaccination. The January-February 2022 round occurred at the onset of the first wave of COVID-19.
What Do You Want to Be?: Youth Aspirations in the Time of the COVID-19 Crisis - Evidence from Three Sub-Saharan Countries(World Bank, Washington, DC, 2022-02-01) Costa, Valentina ; Contreras Gonzalez, Ivette Maria ; Palacios-Lopez, AmparoUnderstanding the aspirations and goals of the youth is essential to developing effective employment policies. Policies should be designed to allow educational and professional aspirations of young people to align with pathways to achieving them. The data collected is nationally representative and age distribution is similar across countries. Recent surveys on youth or sub-populations of youth have included questions to capture career aspirations and life goals in the time of the Coronavirus (COVID-19) crisis. Incorporating the youth aspirations and employment module for High Frequency Phone Surveys (HFPS) into multi-topic household surveys has several advantages. In conclusion, measuring youth aspirations helps shed light on the possible employment outcomes that can be observed in adulthood and play a role in breaking poverty circles, which is highly relevant for public policy.
Publication(Washington, DC, 2021-12) World BankOver the past twenty years, fiscal policy has become one of the three pillars of macroeconomic stability for Colombia, the other two being the flexible exchange rate and inflation targeting. The credibility and sustainability of fiscal policy is the result of strong institutions (in particular, the fiscal rule and the medium-term fiscal and expenditure framework) and a prudent management of public finances. After the 1999 crisis, Colombia managed to reduce the general government deficit and built buffers, which allowed it to respond to the 2008 Global Financial Crisis. Colombia successfully withdrew the 2008–09 deficit expansion and ran one of the highest fiscal balances in Latin America, until the COVID-19 crisis hit. The COVID-19 crisis has created a large shock to the economy and to public finances .Growth contracted to a minimum not seen in over 35 years. The economic contraction and the response needed to address the health emergency and to sustain activity pushed the central government’s deficit and the debt to their highest levels in decade, 7.8 and 64 percent of GDP respectively. Gains in poverty reduction reached over the past 10 years were wiped off.