Emerging Evidence On The Socio-Economic Impacts Of COVID-19 On Households

Harvard Center for International Development

Originally recorded on December 4, 2020. Carolina Sanchez-Paramo, Global Director of Poverty & Equity Global Practice at the World Bank, continues her discussion after a virtual CID Speaker Series event on the impacts of the COVID-19 pandemic and the associated economic crisis on households, which are significant, pervasive, and worsening in some cases. The design and implementation of an effective policy response requires that decision makers have access to timely information about who is affected and how. With COVID-19 having brought traditional data collection efforts to a halt, last spring the World Bank launched an unprecedented data collection effort aimed at filling this critical information gap. As part of this effort, phone surveys are currently under implementation or preparation in over 100 countries to obtain real-time information on the socioeconomic impacts of the pandemic on households and individuals. Carolina Sanchez is the Global Director of Poverty & Equity Global Practice at the World Bank. In her talk, she drew from from this data and other analysis to present the latest evidence on the poverty and distributional impacts of the COVID-19 pandemic and the associated economic crisis.