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World Bank sees effects of Covid-19 pandemic to linger

An increase in the severity of natural hazards continues to illuminate the social and economic impacts of climate change. As countries began looking at a post-pandemic world in 2022, climate impacts got worse: extreme floods in Pakistan claimed hundreds of lives and displaced millions, droughts in China and the horn of Africa impacted millions, and Europe saw scorching heat waves and its worst drought in 500 years.
As an unstable and uneven economic recovery took form during 2022, global development faced a crisis. Slowing growth contributed to a reversal of progress on the global poverty agenda and an increase in global debt.
A global vaccination effort helped countries begin emerging from the pandemic and returned millions of children to the classroom, but the lasting impacts from recent learning losses could resonate for years. Food inflation and food insecurity rose significantly throughout the year, exacerbated by climate change and Russia’s invasion of Ukraine — contributing to higher food, fuel, and fertilizer prices.
Global economy in its steepest slowdown, says report
The confluence of crises that defined 2022 continue to hamper global growth. The global economy is now in its steepest slowdown following a post-recession recovery since 1970, with global consumer confidence already suffering a much sharper decline than during the run-up to previous global recessions.
The world’s three largest economies have been sharply slowing. Under the circumstances, even a moderate hit to the global economy over the next year could tip it into recession.
The Covid-19 pandemic dealt the largest setback to global poverty reduction efforts in decades, and the recovery has been highly uneven. By the end of 2022, as many as 685 million people could be living in extreme poverty – making 2022 the second worst year for poverty reduction in the past two decades (after 2020).
In addition to the lingering effects of the pandemic, rising food and energy prices — fueled by climate shocks and conflicts such as the war in Ukraine — have hindered a swift recovery. It is now projected that 7 per cent of the world’s population — roughly 574 million people — will still struggle in extreme poverty in 2030 — far short of the global goal of 3 per cent in 2030.
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The past year saw the debt crisis of developing countries intensifying. Overall debt levels have increased for developing countries over the past decade, with some 60 per cent of the world’s poorest countries either in debt distress or at risk of it.
Over-encumbered with debt, the world’s poorest are not able to make critical investments in economic reform, health, climate action, or education – among other key development priorities. Perhaps more significantly, the composition of debt has changed dramatically since 2010, with private creditors playing an increasingly larger role.
By the end of 2021, private creditors held 61pc of the public and publicly guaranteed debt of low- and middle-income countries, according to the 2022 International Debt Report.
2022 was marked by a drastic rise in food insecurity around the globe. The war in Ukraine, high inflation, supply chain disruptions, and the global economic downturn all combined to drive large price increases for many agriculture products and inputs, such as fertilizers. In response to this situation, the World Bank Group has made $30 billion available to address food insecurity over a period of 15 months.
The World Bank Group continues to work with its partners to build food systems and can feed everyone, everywhere, every day by improving food security, promoting ‘nutrition-sensitive agriculture’ and improving food safety. The bank is a leading financier of food systems. In fiscal year 2022, there was $9.6 billion in new IBRD/IDA commitments to agriculture and related sectors.
The World Bank Group stepped up its support to help countries address climate and development needs together: delivering a record $31.7 billion in climate finance, the most ever in a single year in its history. Of this total, the World Bank delivered $26.2 billion, of which nearly half ($12.9 billion) specifically supported investments in adaptation and resilience.
The first half of 2022 showcased one of the largest shocks to global energy markets the world has seen in decades, sending energy prices soaring, exacerbating energy shortages and energy security concerns, and further slowing progress toward universal access to affordable, reliable, sustainable, and modern energy by 2030
Globally, 733 million people still have no access to electricity and, at the current rate, 670 million people will remain without electricity in 2030, 10 million more than projected last year.


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Discover the Best in Marine Accessories with Nova Argonautica

In the realm of boating and marine adventures, having the right equipment is paramount. Whether you’re sailing a yacht, navigating a sailboat, or embarking on any maritime journey, the quality and reliability of your gear can significantly impact your experience. This is where Nova Argonautica comes into play. Operating under the domain The Odyssey News, this Dutch website has been a trusted source for marine and boating accessories since 2001.
A Legacy of Quality
Established in the Netherlands, Nova Argonautica has built a strong reputation across Europe for providing high-quality marine equipment. Their extensive range of products caters to various needs, from safety gear to apparel designed specifically for the maritime environment. With over two decades of experience, they understand the challenges and demands faced by boaters and have curated a selection that meets these needs effectively.
Comprehensive Product Range
1. Boating Equipment
At the core of Nova Argonautica’s offerings is a wide array of boating equipment. This includes essential tools and accessories that every boater should have on board. From anchors and ropes to fenders and mooring kits, the website ensures that boaters can find everything they need to ensure their vessels are equipped for any adventure. Each product is selected for its durability and performance, ensuring that customers can rely on their gear even in challenging conditions.
2. Safety Gear
Safety is a top priority for anyone venturing onto the water. Nova Argonautica offers an impressive selection of safety gear, including life jackets, buoyancy aids, and emergency flares. Their commitment to safety is evident in their curated collection, which meets international safety standards. Boaters can shop with confidence, knowing that the safety gear they purchase from The Odyssey News is designed to protect them in emergency situations.
3. Marine Apparel
The right clothing can enhance both comfort and safety while on the water. Nova Argonautica features a range of marine apparel designed for functionality and style. Waterproof jackets, breathable layers, and UV-resistant clothing are just a few examples of what you can find. These products are crafted to withstand the rigors of marine environments, allowing boaters to focus on enjoying their time on the water without worrying about the elements.
User-Friendly Shopping Experience
Navigating The Odyssey News is a breeze, thanks to its user-friendly design. The website is organized into clear categories, making it easy for customers to find exactly what they’re looking for. Detailed product descriptions and high-quality images help shoppers make informed decisions. Additionally, customer reviews provide insights into the performance and reliability of products, further enhancing the shopping experience.
Competitive Pricing and Promotions
One of the standout features of Nova Argonautica is its commitment to offering competitive prices. The website frequently runs promotions and discounts, making high-quality marine equipment accessible to a wider audience. For boaters seeking value without compromising on quality, The Odyssey News is an excellent choice.
Customer Support and Expertise
Nova Argonautica prides itself on providing exceptional customer service. Their team of experts is knowledgeable about all things boating and is ready to assist customers with any inquiries or product recommendations. Whether you’re a seasoned sailor or a novice boater, you can expect personalized support tailored to your needs.
Eco-Friendly Practices
As the world becomes more aware of environmental issues, Nova Argonautica is committed to sustainable practices. They strive to source products that minimize environmental impact and promote responsible boating. By choosing to shop at The Odyssey News, customers can feel good about supporting a business that prioritizes eco-friendly options.
Engaging with the Boating Community
Nova Argonautica isn’t just a retailer; it’s a hub for the boating community. The website features a blog with tips, tricks, and insights for boaters of all skill levels. From maintenance advice to sailing techniques, the content is designed to engage and educate, fostering a sense of community among enthusiasts.
Conclusion
For anyone passionate about boating, Nova Argonautica is an invaluable resource. With a commitment to quality, safety, and customer satisfaction, The Odyssey News stands out as a premier destination for marine and boating accessories. Whether you’re outfitting your vessel or looking for the perfect safety gear, Nova Argonautica has you covered.
Explore Today
If you’re ready to enhance your boating experience, visit The Odyssey News today. Discover the diverse range of products that Nova Argonautica has to offer and equip yourself with the best in marine accessories. Your next adventure awaits!
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Odyssey has been the lead content writer and content marketer. He has vast experience in the field of writing. His SEO strategies help businesses to gain maximum traffic and success.
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CAN YOU LOSE WEIGHT DOING YOGA?

When you’re trying to lose weight, cutting the calories and upping your workouts can go a long way to helping you achieve your goal, but yoga goes one step further. Not only does it help you tone up all over, but yoga also brings your mind and body back into balance, which can improve your relationship with food.
Firstly, try to identify why you’ve gained weight. Sitting or lying on your mat, take a few deep breaths to quieten your mind and soften unnecessary tension in your body. Next, spend 10 minutes doing a yoga breathing technique, such as full yogic breath or alternate nostril breathing, then reflect on the reasons behind your weight gain. Do you eat when stressed, are you confusing thirst for hunger, or maybe you’ve been missing socializing and eating for comfort? Using these techniques calms and balances your system to help you become more aware of your triggers, enabling you to notice the difference between genuine hunger and emotional eating.
Mindful eating
Research in the journal Evidence-based Complementary and Alternative Medicine found that yoga practitioners in the study had ‘less stress eating, reduced appetite, fewer cravings and a shift toward healthier, more mindful eating. Try a few rounds of yogic breathing before eating, when preparing meals or planning the week’s menu – it can be a powerful way to retune established eating patterns and give you the mental space to care for your deeper needs, instead of finding temporary satisfaction with food.
Yoga to suit you
Find a yoga style that meets your needs, personality, and weight-loss goals. Do you prefer a high-energy class that leaves you breathless and sweaty, or would you prefer a more relaxing yoga class? Whatever you prefer, yoga can help you tone up and lose weight. Here are three yoga styles to get you started…
Astanga – the muscle builder
A strong yoga practice such as Astanga actively contributes toward weight loss by building lean muscle mass. The good news for dieters is as muscle burns more calories than fat– both during and after your workout. Ashtanga is a challenging style of yoga based on vinyasas (where you flow from one posture to the next without a break) – the most familiar being the upper body and core strengthener plank, to low plank (chaturanga), to upward dog, to downward dog. There are six sets of sequences, known as ‘series’ and you learn them in sequential order.
Hot yoga – the calorie burner
The most famous hot yoga style, Bikram, can burn between 500 to 1000 calories in a 90-minute class, and studies show its higher temperatures (up to 40C) reduces body fat percentage more than yoga at normal temperatures. Bikram classes focus on 26 postures (no downward dog or headstand), but if you want to do more poses and still see the weight-loss benefits of practicing in higher temperatures, there are other styles to explore – you can try Hot Power Yoga or Baptiste Power Yoga.
Restorative – the stress buster
Feeling under pressure? Your body shape will tell the tale. Unused cortisol, a by-product of long-term stress with no outlet, is stored as visceral or abdominal fat around your belly. Calming practices, such as restorative yoga – where you deeply relax your nervous system by resting in seated or lying postures supported by bolsters and blocks – can help reduce cortisol levels and weight around your middle. In one study, participants doing restorative yoga lost more than 2.5 times the amount of subcutaneous fat (fat visible just under the skin) compared to a control group.

Odyssey has been the lead content writer and content marketer. He has vast experience in the field of writing. His SEO strategies help businesses to gain maximum traffic and success.