The Great Reversal

Overlapping crises triggered by the pandemic have severely disrupted progress in 75 vulnerable economies that depend on concessional funding. These intertwined challenges have reversed development gains, deepening struggles and intensifying hardships for communities in need. The shock of the pandemic and subsequent overlapping crises has led to a reversal in development by exacerbating the challenges facing the most vulnerable 75 economies eligible for concessional loans and grants from the World Bank's International Development Association.