The world faces major challenges including Covid-19, climate change, rising poverty, inequality and violence in many countries. Inequality is most apparent in the direct effects of COVID that hits informal workers and the vulnerable the most, vaccinations, wealth concentration, unequal impact of the fiscal stimulus, asset purchases and the imbalance in debtor/ creditor relationships particularly for people in the poorest countries. Many developing countries entered the pandemic with unsustainable debt levels but WBG worked to achieve a debt service suspension initiative and increased transparency in debt contracts.