WASHINGTON -- Workers in food and accommodation, and wholesale and retail trade, are the hardest hit for having the least "teleworkable" jobs, with the poor, the young and women being more vulnerable than others, according to the International Monetary Fund (IMF).
"Young workers and those without university education are significantly less likely to work remotely," Mariya Brussevich, Era Dabla-Norris and Salma Khalid wrote in an IMF blog published Tuesday, noting that the crisis could amplify intergenerational inequality. (US-IMF-Telework)
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GENEVA -- More than 50 heads of state and government, alongside global employers and trade union leaders, gathered on Wednesday for a global summit to discuss comprehensive approaches to responding to the COVID-19 pandemic as the world of work has been plunged into unprecedented crisis.
"It's not a choice between health or jobs and the economy," said UN Secretary-General Antonio Guterres, "We will either win on all fronts or fail on all fronts." (Switzerland-UN-Jobs)
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KIGALI -- The World Bank and Rwanda on Wednesday signed a 150-million-U.S. dollar financing agreement to help the country achieve skills development in selected economic sectors.
The Ministry of Finance and Economic Planning said in a statement that half of the financing is a grant while the rest is a concessional loan payable in 38 years, with a six-year grace period at 0.75 percent interest rate. (Rwanda-World Bank-Financing)
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BRUSSELS -- Reaching swiftly an agreement on an ambitious European recovery package is the European Union's highest priority for the coming weeks, the bloc's leaders agreed at a meeting Wednesday with German Chancellor Angela Merkel.
Germany took over the rotating Presidency of the Council of the EU on July 1. Charles Michel, Ursula von der Leyen and David Sassoli -- the three top officials of the EU -- analyzed with Merkel the economic forecasts for the coming months that point to a severe recession and noted that the crisis will have deep social impacts across the bloc. (EU-Germany-Recovery Package)