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.
Detalhes
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Data do documento
2020/01/01
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TIpo de documento
Documento de Trabalho
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No. do relatório
157998
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Nº do volume
1
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Total Volume(s)
1
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País
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Região
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Data de divulgação
2021/04/09
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Disclosure Status
Disclosed
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Nome do documento
The Fiscal Impact and Policy Response to COVID-19
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Palavras-chave
Equitable Growth, Finance & Institutions; Fiscal policies; fiscal policy; reduction in tax rates; access to medical service; global financial crisis; health measures; Learning and Innovation Credit; social protection system; Social Safety Nets; health care system; global value chain; form of credit; fiscal impact; trade and investment; Value for Money; quality of governance; expansionary fiscal policy; fiscal policy instrument; limited resources; social security contribution; fiscal space; contingent credit line; impact on revenues; movement of people; effect on consumption; public health measures; public investment program; effects of tax; fiscal policy decision; fiscal policy response; Small Business Fund; value of oil; payment of salary; cost to taxpayers; tax incentive scheme; Public Financial Management; change in expenditure; tax administration system; deferral of tax; expansionary expenditure policies; Financial Management System; access to fund; level of support; authority in advance; response to crisis; income generating activity; price of oil; social security payment; privileges and immunity; risk of abuse; Deferred Drawdown Option; coordination and support; risk of debt; test facility; fossil fuel subsidy; control of costs; public information campaign; maternal and child; commodity price shock; debt service payment; quality of public; domestic revenue mobilization; case of emergency
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