Protecting People and Economies
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World Bank, Washington, DC
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The COVID-19 pandemic has unleashed a global health emergency and an
unprecedented economic crisis of historic magnitude. Governments facing
this threat are in uncharted territory, but three policy priorities addressed
in this note are clear. Disease containment is a first-order concern to combat the pandemic,
and measures such as testing and tracing, coupled with isolating and
treating the infected can bring first-order gains. The economic crisis requires a parallel and simultaneous effort to save jobs, protect income, and ensure access to services for vulnerable
populations. As governments act to slow the pandemic and protect lives and
livelihoods now, they will need to maintain macro stability, continue to
build trust, and communicate clearly to avoid deeper downturns and
social unrest. Looking forward, this crisis can be an opportunity to rethink
policy to build back with stronger systems for people and economies.
Palabras clave
CORONAVIRUS, COVID-19, PANDEMIC RESPONSE, HEALTH SERVICES, PUBLIC HEALTH, HUMAN CAPITAL, LIVELIHOODS, FOOD SECURITY, INCOME SUPPORT, SERVICE DELIVERY, VULNERABLE POPULATION, POVERTY, FINANCIAL STABILITY, ECONOMIC RECOVERY, SOCIAL PROTECTION, LOCKDOWN, PUBLIC FINANCE, PROTECTING FIRMS, TRADE FACILITATION, FOREIGN DIRECT INVESTMENT, FISCAL TRENDS, FISCAL SPACE