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Daily Monitor Wednesday February 03 2021 Summary That election, to some was a blessing in disguise as it offered Ugandans a chance to reshuffle public leaders and bring in those that are suited to handle the rigours of a world and country still reeling from the debilitating effects of the pandemic. Advertisement The year 2020 brought with it the Covid-19 pandemic that had apocalyptic effects on life, as the world literally ground to an unprecedented standstill. Not even the two World Wars forced the world to ground to a halt like Covid-19 has done. In Uganda, as we were taking baby steps to r...

Date Time IMF Executive Board Concludes 2020 Article IV Consultation with Bulgaria Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded 2020 Article IV consultation [1] with Bulgaria on January 27, 2020. The COVID-19 pandemic has put a break on Bulgaria’s robust economic performance. Following 3.7 percent growth in 2019, real GDP is estimated to have contracted by 4.6 percent in 2020 as a result of the lockdown at the outset of the crisis and a second wave of infections together with the reintroduction of new restrictive measures. These led to a collapse ...

IBC and the ‘de-stressing’ of India Inc Key law: The IBC is a one-stop solution for resolving insolvencies× Thanks to the bankruptcy code, distressed firms are able to better access short- and long-term debt funds The Covid-19 pandemic has been driving corporate failures around the world, including in India. In the absence of the much-needed institutional arrangements in many developing countries, following default, a given firm’s management, capital and labour would come to a standstill, pushing it into liquidation. A sound bankruptcy process can rapidly resolve such a default scenar...

8,49,200 new vehicles in Kerala in 2019-2020 Deviating from the compounded annual growth rate of above 10% for the past two decades, the growth of vehicle population in Kerala has decreased by 6.36% in 2020 over the previous year’s 10.7%. The number of newly registered vehicles in 2019-2020 was 8,49,200 in the State compared to 12,92,295 vehicles registered in 2018-2019. Of the new vehicles that hit the road, 65% were motorcycles (5,85,740), 22% four wheelers (1,91, 891), goods vehicles and autorickshaws 5% each, buses 1% and tractors, tillers and others 2%. The number of vehicles having ...

Manager, Development Data Group, The World Bank Group Umar Serajuddin is a Manager in the World Bank’s Development Data Group (Indicators and Data Services Unit). He leads the Bank’s Open Data initiative and oversees the management of the World Development Indicators. He manages the teams that publish some of World Bank’s most prominent global public goods including the global poverty numbers (PovcalNet), the World Integrated Trade Solutions (WITS), the Microdata Library, and Open Data Catalogue (Development Data Hub). He also coordinates the Bank’s Sustainable Development Goals (SDG...