The Imfs Emergency Response To The Covid 19 Pandemic
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Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 3 |
Release | : 2023-03-20 |
Genre | : Business & Economics |
ISBN | : |
Download The Chair’s Summing Up Independent Evaluation Office—The IMF’s Emergency Response to the COVID-19 Pandemic Book in PDF, Epub and Kindle
(IEO), which provides an early evaluation of the Fund’s emergency response to the initial stage of the COVID-19 pandemic and seeks to draw lessons from the experience for responding to possible future global crises. They highlighted the report’s key finding that the Fund’s response was effective and agile to a crisis like no other, despite the extraordinary challenges and risks, as the Fund rapidly adapted its lending framework and internal processes to serve the membership, help to close large financing gaps, and give confidence to the membership and markets by making its resources available expeditiously under adequate safeguards. Besides lending, Directors noted that the Fund also undertook useful analytical work and gave extensive and timely policy advice and capacity development. They welcomed the report’s finding that the Fund’s corporate response was adapted quickly, including by reprioritizing work, introducing HR and budget initiatives, and swiftly embracing the virtual environment. Directors especially commended staff for their strong dedication during these challenging circumstances.
Author | : |
Publisher | : |
Total Pages | : 0 |
Release | : 2023 |
Genre | : COVID-19 Pandemic, 2020- |
ISBN | : |
Download The IMF's Emergency Response to the COVID-19 Pandemic Book in PDF, Epub and Kindle
This evaluation assesses how well the Fund adapted its lending framework, its processes for formulating the economic outlook and policy advice, and its internal HR and budgetary practices to help countries during the emergency phase--January 2020 to April 2021--of an unprecedented global shock.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 5 |
Release | : 2023-03-20 |
Genre | : Business & Economics |
ISBN | : |
Download Statement by the Managing Director on the Independent Evaluation Office Report on The IMF’s Emergency Response to the COVID-19 Pandemic Book in PDF, Epub and Kindle
As the evaluation notes, the Fund’s rapid response was not without costs and risks. The decision to provide extraordinary access, including through emergency financing, in the face of this unprecedented crisis has inevitably raised pressures on the Fund’s own, and its members’, balance sheets. Moreover, according to the report, some stakeholders did not feel adequately consulted in the initial weeks of the pandemic, staff experienced enormous work pressures, and in at least a few instances, national authorities did not perceive that the way policy guidance on 2 access was applied was entirely evenhanded. I am confident we can learn from the experience and do even better in the future; and I believe the IEO’s high-level recommendations will help us to do so.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 18 |
Release | : 2020-04-09 |
Genre | : Business & Economics |
ISBN | : 1513540165 |
Download Enhancing the Emergency Financing Toolkit—Responding To The COVID-19 Pandemic Book in PDF, Epub and Kindle
The COVID-19 pandemic is taking a human toll and has unleashed a series of shocks on the Fund’s entire membership, creating severe disruption in the global economic and financial system. As a result, many emerging market and developing country (EMDC) members face urgent and unprecedented financing needs, creating significant immediate demand for Fund resources. In order to respond to members’ large and urgent financing needs, the paper proposes to enhance the Fund’s emergency financing toolkit, through a temporary increase in access limits for both the Rapid Financing Instrument (RFI), available to all members, and the Rapid Credit Facility (RCF), available to Poverty Reduction Growth Trust-eligible members only. It is proposed to increase these access limits for a proposed period of six months, which may be extended by the Executive Board. A companion Board paper sets out proposals to accelerate Board consideration of member requests for financing under the RCF and RFI, completion of reviews and requests for changes in access in existing arrangements, and requests for grant assistance under the Catastrophe Containment and Relief Trust.
Author | : Thomas Bollyky |
Publisher | : Council on Foreign Relations Press |
Total Pages | : 154 |
Release | : 2020-10-08 |
Genre | : |
ISBN | : 9780876092644 |
Download Improving Pandemic Preparedness Book in PDF, Epub and Kindle
The United States and the world were unprepared for the COVID-19 pandemic, despite decades of warnings highlighting the inevitability of global pandemics and the need for international coordination. The failure to prioritize and adequately fund preparedness and effectively implement response plans has exacted a heavy human and economic price, and the crisis is not yet over. Emerging and reemerging infectious diseases are a threat to global and national security that neither the United States nor the world can afford to ignore. This Task Force proposes a comprehensive strategy that includes institutional reforms and policy innovations to help the United States and the multilateral system perform better in this crisis and when the next one emerges. Without increased U.S. leadership on and adequate investment in pandemic preparedness and response, the United States and the world will remain unnecessarily vulnerable to epidemic threats. The Council on Foreign Relations sponsors Independent Task Forces to assess issues of current and critical importance to U.S. foreign policy and provide policymakers with concrete judgments and recommendations. Diverse in backgrounds and perspectives, Task Force members aim to reach a meaningful consensus on policy through private deliberations. Once launched, Task Forces are independent of CFR and are solely responsible for the content of their reports. Task Force members are asked to join a consensus signifying that they endorse the general policy thrust and judgments reached by the group, though not necessarily every finding and recommendation. Each Task Force member also has the option of putting forward an additional or a dissenting view.
Author | : Sumin Chun |
Publisher | : International Monetary Fund |
Total Pages | : 61 |
Release | : 2022-12-16 |
Genre | : Business & Economics |
ISBN | : |
Download The Impact of the IMF’s COVID-19 Support to Developing and Emerging Economies Book in PDF, Epub and Kindle
We construct a high-frequency dataset that combines information on all IMF lending and proxies of monthly economic activity during the first two years of the COVID-19 pandemic (2020–21). Using this novel dataset and standard econometric techniques we find a positive and significant marginal effect of IMF financing on economic activity in low-income countries (LICs) and emerging market economies. We also present tentative evidence that IMF financing may have helped economic outcomes by easing fiscal budget constraints, allowing for larger government spending in response to the pandemic. Overall, this evidence suggests that IMF financing helped lessen the negative impacts of the pandemic on economic activity, especially in LICs.
Author | : Jamie K. Wardman |
Publisher | : Taylor & Francis |
Total Pages | : 375 |
Release | : 2022-11-28 |
Genre | : Business & Economics |
ISBN | : 1000791149 |
Download COVID-19 Book in PDF, Epub and Kindle
This comprehensive book looks at COVID-19, along with other recent infectious disease outbreaks, with the broad aim of providing constructive lessons and critical reflections from across a wide range of perspectives and disciplinary interests within the risk analysis field. The chapters in this edited volume probe the roles of risk communication, risk perception, and risk science in helping to manage the ever-growing pandemic that was declared a public health emergency of international concern in the beginning of 2020. A few chapters in the book also include relevant content discussing past disease outbreaks, such as Zika, Ebola and MERS-CoV. This book distils past and present knowledge, appraises current responses, introduces new ideas and data, and offers key recommendations, which will help illuminate different aspects of the global health crisis. It also explores how different constructive insights offered from a ‘risk perspective’ might inform decisions on how best to proceed in response as the pandemic continues. The chapters in this book were originally published as a special issue of the Journal of Risk Research.
Author | : International Monetary Fund. Secretary's Department |
Publisher | : International Monetary Fund |
Total Pages | : 74 |
Release | : 2021-10-04 |
Genre | : Business & Economics |
ISBN | : 1513568817 |
Download International Monetary Fund Annual Report 2021 Book in PDF, Epub and Kindle
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.
Author | : International Monetary |
Publisher | : International Monetary Fund |
Total Pages | : 13 |
Release | : 2021-12-20 |
Genre | : Business & Economics |
ISBN | : 1616358475 |
Download Catastrophe Containment and Relief Trust—Fifth Tranche of Debt Service Relief in The Context of The COVID-19 Pandemic Book in PDF, Epub and Kindle
The Executive Board approved a two-step approach consisting of (i) an immediate approval of the disbursement of a fourth tranche of debt service relief to all qualified beneficiary countries covering the period from October 16, 2021 through January 10, 2022, and (ii) consideration by January 2022 of a final tranche of CCRT debt service relief through April 13, 2022 based on a brief Board paper with an assessment of resources at that time. In accordance with the two-step approach, this paper provides a brief overview on recent developments in CCRT-eligible countries followed by an update on the CCRT’s funding status and resources assessment.
Author | : Ms.Stefania Fabrizio |
Publisher | : International Monetary Fund |
Total Pages | : 33 |
Release | : 2021-03-04 |
Genre | : Business & Economics |
ISBN | : 151357115X |
Download COVID-19 She-Cession: The Employment Penalty of Taking Care of Young Children Book in PDF, Epub and Kindle
The COVID-19 outbreak and the measures to contain the virus have caused severe disruptions to labor supply and demand worldwide. Understanding who is bearing the burden of the crisis and what drives it is crucial for designing policies going forward. Using the U.S. monthly Current Population Survey data, this paper analyzes differences in employment responses between men and women. The main finding is that less educated women with young children were the most adversely affected during the first nine months of the crisis.The loss of employment of women with young children due to the burden of additional childcare is estimated to account for 45 percent of the increase in the employment gender gap, and to reduce total output by 0.36 percent between April and November 2020.