The Special Economic Impact of Pandemics

The Special Economic Impact of Pandemics

March 26, 2020

While the economic impact of a pandemic may not be long-lasting if the underlying cause is contained quickly, it can be powerful enough to shutter some businesses and lead to sharp spikes in unemployment. The biggest pandemic in modern history was the Spanish Flu of 1918-1919, during which many service-based businesses suffered double-digit losses.

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IMF sees coronavirus pandemic causing global recession in 2020, recovery in 2021.

IMF sees coronavirus pandemic causing global recession in 2020, recovery in 2021.

March 26, 2020

Georgieva said the IMF would massively step up emergency finance, noting that 80 countries have already requested help and that the IMF stood ready to deploy all of its US$1 trillion (S$1.45 trillion) in lending capacity.

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CVOID-19 Challenges and Response : The view from Latin America and the Caribbean

CVOID-19 Challenges and Response : The view from Latin America and the Caribbean

March 26, 2020

COVID-19 challenges our health systems capacity to respond to an extraordinary number of patients needing similar services. It comes on top of a dengue outbreak in several countries with already burdened hospital capacity. Not only are hospitals overwhelmed, but so are other areas of care or support, such as the availability of medical supplies and an exhausted workforce.

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Can technology help mitigate the impact of COVID-19 on education systems in Europe and Central Asia?

Can technology help mitigate the impact of COVID-19 on education systems in Europe and Central Asia?

March 26, 2020

A time of crisis is also an opportunity for all education systems to look into the future, adjust to possible threats, and build their capacity. We believe that the Europe and Central Asia region has enormous potential for this to happen, regardless of COVID-19.

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Helping Companies, Workers During the COVID-19 Pandemic

Helping Companies, Workers During the COVID-19 Pandemic

March 26, 2020

In response, IFC is increasing the amount of financing for companies to help fight the outbreak. IFC’s Board of Directors on Tuesday approved an additional $2 billion in fast-track financing, bringing the total to $8 billion in support to help sustain economies and protect jobs. 

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