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The Fiscal Impact and Policy Response to COVID-19 (English)

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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The Fiscal Impact and Policy Response to COVID-19 (English). Equitable Growth, Finance and Institutions Insight Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/297541617946357090/The-Fiscal-Impact-and-Policy-Response-to-COVID-19