Inequalities & Income – Global Opportunity

Good progress has been made to tackle global poverty and inequality in the past several decades. The arrival of the Covid-19 pandemic however has reversed that effort dramatically. In April 2020, the United Nations (UN) issued a framework for the immediate socio-economic response to COVID-19 and created the Secretary-General’s UN COVID-19 Response and Recovery Fund. In keeping with its promise to leave no one behind, the UN will be moving forward to develop a quick but comprehensive mapping of those most at risk of being left behind is critical. This measure is important to ensure the immediate development response reaches all those in need. In addition, they will also be assessing the multiple forms of inequalities and discrimination that people are disadvantaged by. The information will be country-specific and will depend on a range of contextual factors, including existing socio-economic, institutional and geographic realities that predate the crisis and the reach of current responses. 

The World Bank group, in an attempt to make strides in tackling extreme poverty caused by violence and conflict, launched the Strategy for Fragility, Conflict and Violence (FCV) 2020-2025. The purpose of the FCV Strategy is to enhance the World Bank Group’s effectiveness to support countries in addressing the drivers and impacts of conflict and violence. In addition, they would also work with countries in strengthening their resilience, especially for the most vulnerable and marginalized populations. 

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