Investor Responses to COVID-19 in collaboration with CDC

At the end of 2020 the majority of countries, particularly emerging markets, were in recession stemming from the fallout of COVID-19, with the impact on financial institutions being highly correlated to the macroeconomy. Given the scale of the challenge, support was needed not only to mitigate the worse effects of COVID-19, but also for FIs and their clients to adapt and build resilience against future impacts e.g. from further waves, other pandemics, or natural disasters. Furthermore, Global FDI flows fell 49% in the first half of 2020 compared to 2019, with evidence of capital flight particularly from emerging markets; UNCTAD reported a 28% fall in foreign direct investment to Africa and a 12% fall in Asia in this period.

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