The Covid-19 pandemic is reshaping global financing and development, with profound implications for the world’s poorest countries. This briefing examines how the crisis is driving sharp declines in domestic revenues, foreign direct investment, remittances, tourism receipts, and official development assistance (ODA), while debt burdens further constrain recovery.
At its core, the document evidences these financial disruptions and calls for urgent reform to “build back better”—through accountable institutions, resilient and risk-responsive financing, and cooperation that is globally connected but locally driven. The analysis underscores both the immediate challenges and the opportunity to transform financing systems for sustainable development in the longer term