The Fiscal Impact and Policy Response to COVID-19

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World Bank, Washington, DC

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The outbreak was declared a pandemic by the WHO on March 11 and the epicenter of the crisis has moved from China and Korea to the US and Western Europe. Infections are also increasing at a rapid pace in WBG client countries, with large uncertainty about the extent to which many countries are affected due to the lack of testing. IDA countries have limited resources and capacity to keep infections low and provide proper care for those with serious health problems due to COVID-19 infection as well as to address related socio-economic distress.

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CORONAVIRUS, COVID-19, PANDEMIC IMPACT, PANDEMIC RESPONSE, FISCAL TRENDS, IDA COUNTRIES, HEALTH CRISIS, FISCAL POLICY, PUBLIC HEALTH MEASURE, PUBLIC DEBT, DEBT SERVICE, ECONOMIC RECOVERY

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