Policy challenges posed by the pandemic

The COVID-19 pandemic has generated sudden, farreaching impacts on health systems, with significant social and economic repercussions around the world. The International Monetary Fund (IMF) Chief warned that, while there has been strong economic growth in wealthy countries, developing countries are being held back by slow vaccination rates, and that this is a: “[...] danger for the coherence of growth and it is also a danger for global stability and security.” World Bank data indicate that the pandemic has resulted in a steep increase in debt, especially in emerging markets and developing economies. Statistical briefs published by the UN Committee for the Coordination of Statistical Activities analysing the social and economic impact of the pandemic suggest that 71 to 100 million people are being pushed into extreme poverty by the pandemic.