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- W3204233184 abstract "Background: The pandemic scenario has existed for many years as a possibility by health scientists but was never taken seriously. The arrival of the virus about a year ago caught the whole world unprepared. The inability to tackle the virus with any medication has led many governments to quarantine so that the health crisis can be alleviated. However, the existence of this crisis has turned into an economic crisis, as many companies have stopped operating and many people do not have the income they had in previous years. Purpose: The purpose of this article is to describe the COVID-19 pandemic crisis, to analyze its effects on the world economy, but also to propose solutions. Method: This article is conducted as a literature review. Results: COVID-19 pandemic has dramatically affected all aspects of world economy. Conclusion: The World Bank is an international financial institution that provides financial and technical assistance to developing countries for development projects with the stated goal of reducing poverty. Nevertheless, it has played an important role in this pandemic with the funding of many governments as the World Bank has developed a new strategy that focuses on eradicating extreme poverty and promoting shared prosperity in a sustainable way. It is committed to helping countries achieve these goals with proven solutions that incorporate WBG knowledge and financial development services." @default.
- W3204233184 created "2021-10-11" @default.
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- W3204233184 date "2021-01-01" @default.
- W3204233184 modified "2023-09-26" @default.
- W3204233184 title "Economic Effects of COVID-19 Pandemic and Potential Solutions" @default.
- W3204233184 doi "https://doi.org/10.11648/j.ijefm.20210904.13" @default.
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