Across the UN development system, Member States, the UN Secretariat and UN leadership are exploring the profound socio-economic impacts of COVID-19 and what macroeconomic policy changes are needed to “build back better”. From UN-led programme activity responses to COVID-19 to needed policy responses both by the Financing for Development process and Member State-led initiatives, there are several opportunities to monitor these developments in the coming weeks.

“The UNDS is better positioned and ready to accompany countries as they seek to respond to the COVID-19 pandemic and accelerate SDG implementation. The reinvigorated Resident Coordinator system is now firmly in place ensuring stronger and independent leadership of the UNDS at country level. A new generation of UN Country Teams, more cohesive and responsive to national needs and priorities, is taking shape. Solid foundations have been built to nurture a culture of results and learning; and to improve efficiencies in business operations. Challenges remain however and continued effort is needed to ensure further consolidation through ongoing leadership from all involved, sustained funding of the RC system, strengthened capacity on system-wide evaluations; and improved implementation of the funding compact.”

The COVID-19 health crisis added to the multidimensional crises in the Arab region and their manifestation in conflicts, wars, economic and social inequalities, and the increasing number of refugees and migrants. It could lead to severe repercussions at the economic, social, and political levels. According to an ESCWA preliminary estimate, the region will lose at least USD42 billion in 2020 due to the Corona pandemic. ESCWA also considered that the global spread of the virus and the growing impact of low oil prices could aggravate income losses. Unemployment is expected to increase by 1.2 percentage points, meaning the loss of around 1.7 million jobs. The Arab region registers some of the highest rates of inequality around the world, and informal employment accounts for 50% of jobs. It also lacks universal social protection systems and is thus unable to protect workers and ensure their dignity during work stoppages.

Paid Sick Leave a Crucial Weapon During COVID-19 Era and BeyondGlobal study shows that gaps in coverage for ailing workers put nations’ health and economic security at risk

At a time when the world’s attention is focused on curbing the spread of infectious disease, new research by the UCLA WORLD Policy Analysis Center shows that strengthening guarantees of paid sick leave is crucial to protecting health and economic security around the globe.

The Coronavirus Global Response pledging event on 4 May celebrated raising 7.4 billion euro for the collaborative development of vaccines, treatment and diagnostics, but there is lack of clarity on ensuring equitable access and the role of the World Health Organization (WHO).

The European Commission pledged 1.4 billion euro, while other leading contributors included France (510 million euro), Germany (525 million), Japan (762 million), Spain (125 million), Canada (551 million), Norway (188 million), UK (441 million) and Italy (71.5 million). The USA was conspicuously absent.