There are not only more children experiencing poverty than before, the poorest children are getting poorer as well. Before the pandemic, the average number of severe deprivations per child was around 0.7. It is now estimated to have increased by 15 percent to around 0.85.

In many developing countries, digital entrepreneurs face various barriers to scaling their activities, especially as global digital platforms dominate most product categories.

Efforts to stem the impact of COVID-19 in low to middle-income countries could be creating a health time bomb in their slum communities by deepening existing inequalities, according to an international team of health researchers led by the University of Warwick.

According to the OECD’s latest Global Outlook on Financing for Sustainable Development, developing countries are facing a shortfall of USD 1.7 trillion in the financing they would need this year to keep them on track for the 2030 Sustainable Development Goals (SDGs), as governments and investors grapple with the health, economic and social impacts of the COVID-19 crisis.