What the IMF can do now to confront COVID-19

What the IMF can do now to confront COVID-19

Collection:
Health Policy and Services Research
Series Title(s):
SIEPR policy brief
Author(s):
Toloui, Ramin, author
Contributor(s):
Stanford Institute for Economic Policy Research, issuing body.
Publication:
Stanford, CA : Stanford Institute for Economic Policy Research (SIEPR), April 2020
Language(s):
English
Format:
Text
Subject(s):
Coronavirus Infections -- economics
Economic Recession
Pandemics -- economics
United States
Genre(s):
Technical Report
Abstract:
Key Takeaways. (1) Forceful actions by the IMF and World Bank are imperative to address the worst global economic shock since the Great Depression. (2) A new IMF Systemic Liquidity Facility could provide $100-200 billion in critical financing to cushion the blow to vulnerable emerging markets. (3) By calibrating borrowing limits on a sliding scale proportional to credit risk, such a facility could disburse funds rapidly, equitably, and at scale. (4) Rapid action commensurate with the emergency can limit unnecessary collateral damage, making the larger job of stabilization and recovery easier.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY-NC-ND license. (More information)
Extent:
1 online resource (1 PDF file (2 pages))
Illustrations:
Illustrations
NLM Unique ID:
101772295 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/101772295