Two previous reports (Díaz Bonilla, Laborde and Piñeiro, 2021, and Diaz-Bonilla, Flores, Paz, Piñeiro, and Zandstra, 2021) covered the evolution and impacts of the pandemic on food systems in Guatemala until the time of their writing (which together covered from the start of the pandemic in early 2020 until about October 2021. This third report concludes the analysis of the impact of the COVID-19 pandemic on food systems in Guatemala. It summarizes the previous reports and updates the analysis until the end of May 2022. However, this country and its food systems have also been affected by other events since the pandemic started in early 2020. Between 3 and 17 November 2020, tropical storms Eta and Iota hit Guatemalan territory with heavy rains that led to floods and mud landslides, affecting 16 of the country's 22 departments. Later, in 2021 the strong world economic rebound due to expansionary fiscal and monetary policies in the USA and many other developed and developing countries combined with persistent strains on value chains due to COVID19 to lead to increases in transportation costs and the prices of food, energy, and fertilizers. In the case of agricultural products, those increases were com-pounded by adverse climate events in some important producers, particularly in South America. Finally, the Russian-Ukraine Conflict (RUC) on February 24, 2022, has added further pressures on the prices of energy, fertilizers and food products including wheat and vegetable oils. Therefore, the pandemic's specific impact on Guatemala's food systems has been interacting with the other developments mentioned, making it very difficult to differentiate among them. Policymakers, how-ever, need to respond to the overall impact of the conditions affecting the population, whatever the leading causes may be. Therefore, this final report, while emphasizing those aspects linked to the pandemic, will discuss the conditions in Guatemala considering those other factors. This report is structured as follows. First, it summarizes the main policy responses, costs, and financing related to the COVID-19 shock. Second, it brings up to date the evolution of the pandemic, using different indicators. Third, it updates the evolution of key economic and nutritional variables. Fourth, there is a brief discussion of the implications of RUC for food systems.. Fifth, the report continues with a more specific analysis of the evolution of some food value chains that are central for food consumption in Guatemala. The next section discusses policy considerations for health, poverty and nutrition, and food value chains, based on the updated analysis of the previous sections, including cost and financial aspects. A final section concludes.

Two previous reports (Díaz Bonilla, Laborde and Piñeiro, 2021, and Diaz-Bonilla, Flores, Paz, Piñeiro, and Zandstra, 2021) covered the evolution and impacts of the pandemic on food systems in Honduras until the time of their writings (which together cover from the start of the pandemic in early 2020 until October 2021). This third report concludes the assessment of the impact of the COVID-19 pandemic on food systems in Honduras, recapitulating the previous ones and updating the analysis until the end of May 2022. This country and its food systems, however, have been also affected by other events since the pandemic started in early 2020, such as the tropical storms Eta and Iota in November 2020. Subsequently, in 2021 the strong world economic rebound due to expansionary fiscal and monetary policies in the USA and other countries, generated strains on value chains, leading to increases in transportation costs and the prices of food, energy and fertilizers. In the case of agricultural products, those increases were compounded by adverse climate events in some important producing areas, particularly in South America. Finally, the Russian-Ukraine Conflict (RUC) on February 24, 2022, has added further pressures on prices of energy, fertilizers, and some food products (such as wheat and vegetable oils). Therefore, the specific impact of the pandemic on food systems in Honduras has been interacting with the other developments mentioned. From the point of view of policymakers, they need to respond to the overall impact of the conditions affecting the population, whatever the converging main causes may be. Therefore, this final report, while emphasizing those aspects linked to the pandemic will also discuss the overall conditions in Honduras, affected by those many factors. This report is structured as follows. First, it summarizes the main policy responses, costs, and financing related to the COVID-19 shock. Second, it brings up to date the evolution of the pandemic, using different indicators. Third, it updates the evolution of key economic and nutritional variables. Fourth, there is a brief discussion of the implications of RUC for food systems. Fifth, the report continues with a more specific analysis of the evolution of some food value chains that are central to food consumption in Honduras. The next section discusses policy considerations for health, poverty and nutrition, and food value chains, in light of the updated analysis. A final section concludes.

The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

Amid concerns about the beginning of the COVID-19 pandemic, Guatemala, in January 2020 decreed travel bans from China, which were later expanded to other countries. The country had the first confirmed COVID-19 case on March 13 and the first death on March 15. Some days before that, on March 5, the government had declared a “state of calamity” (Declaración del Estado de Calamidad Pública - Decreto Gubernativo Número 5-2020), which allowed the government to limit some activities,1 and to take different actions2 to protect the health and safety of all persons in Guatemala. This document updates a previous report (Díaz Bonilla, Laborde and Piñeiro, 2021) on the impact of the COVID-19 pandemic on food systems in Guatemala. First, it brings up to date the evolution of the pandemic, using different indicators. Second, it summarizes the main policy responses, costs, and financing. Third, it updates the evolution of key economic and nutritional variables up to the time of this writing (June, 2021). Fourth, there is a more detailed analysis of the evolution of some food value chains that are central for food consumption in Guatemala. Fifth, main results for 2021 and 2022 of previous modeling work are briefly presented. A final section discusses policy considerations in light of the updated analysis.

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.

Due to the global pandemic generated by COVID-19 the government of Honduras declared a “state of emergency” in February (“Estado de Emergencia en el Territorio Nacional a través del Decreto Ejecu-tivo Número PCM- 005-2020, 10 de febrero 2020). The country suffered the first confirmed COVID-19 case on March 12th, 2020. The first death was registered on March 26, 2020. This document updates a previous report (Díaz Bonilla, Laborde, and Piñeiro, 2021) on the impact of the COVID-19 pandemic on food systems in Honduras. First, it brings up to date the evolution of the pandemic, using different indicators. Second, it summarizes the main policy responses, costs, and fi-nancing. Third, it updates the evolution of key variables up to the time of this writing (June 2021). Fourth, there is a more detailed analysis of the evolution of some food value chains that are central for food consumption in Honduras. Fifth, main results for 2021 and 2022 of previous modeling work are briefly presented. A final section discusses policy considerations in light of the updated analysis.

The devastating impacts of coronavirus (COVID-19) on developing countries have tested the limits, ingenuity and flexibility of development co-operation while also uncovering best practices. This 58th edition of the Development Co-operation Report draws out early insights from leaders, OECD members, experts and civil society on the implications of coronavirus (COVID-19) for global solidarity and international co-operation for development in 2021 and beyond.

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.

A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.