The effects of the COVID-19 pandemic on international development financing sources

Abstract

During the year 2020, the world witnessed the emergence of the Corona Covid-19 pandemic, which had economic, social and health repercussions and became a complex crisis that affected all rich and poor countries, and the world is still facing enormous challenges with the high volume of human losses, as more than three million people died from different regions. The world, and tens of millions of people remain outside the labor markets, this is happening in light of the uncertainty of the possibility of the global economy recovering from this unprecedented pandemic. The global economy was also completely paralyzed, as it achieved a negative growth rate of (-3.3%), and most of the world’s economies were subjected to a recession that led to a painful and disproportionate rise in unemployment rates, low economic growth rates, and an increase in poverty rates due to the decrease in financial flows from countries The rich donor to developing countries, especially the poor ones, which will negatively affect the efforts of countries to achieve the United Nations goals for sustainable development 2030, and this research comes in order to identify the implications of the impact of the Corona pandemic on global macroeconomic indicators, and to indicate the size of the change in the path of international financial flows from foreign investments. Direct, international development aid and cash transfers to workers, which have become the most important sources of international development financing. This study will rely on the descriptive and analytical approach in analyzing the indicators related to the various sources of international development finance, depending on the data of the reports of international organizations and bodies, especially the World Economic Outlook Report, the Global Investment Report, the Remittances and Migration Report, the World Development Indicators Report, in addition to the report International Development Aid.