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Fiscal Monitor, April 2020 : Policies to Support People During the COVID-19 Pandemic
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ISBN: 1513537512 Year: 2020 Publisher: Washington, D.C : INTERNATIONAL MONETARY FUND,

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Chapter 1 argues that fiscal policies are at the forefront of responding to the COVID-19 pandemic. Fiscal measures can save lives, protect the most-affected people and firms from the economic impact of the pandemic, and prevent the health crisis from turning into a deep long-lasting slump. A key priority is to fully accommodate spending on health and emergency services. Global coordination is for a universally low-cost vaccine and to support countries with limited health capacity. Large, temporary and targeted support is urgently needed for affected workers and firms until the emergency abates. As the shutdowns end, broad-based, coordinated fiscal stimulus-where financing conditions permit-will become more effective in fostering the recovery. Chapter 2 argues that fiscal policies are at the forefront of facilitating an economic recovery from the COVID-19 pandemic once the Great Lockdown ends. Policymakers can achieve this objective with IDEAS: Invest for the future-in health systems, infrastructure, low carbon technologies, education, and research; adopt well-planned Discretionary policies that can be deployed quickly; and Enhance Automatic Stabilizers, which are built-in budgetary tax and spending measures that automatically stabilize incomes and consumption. Importantly, improving unemployment benefit systems and social safety nets can protect household incomes from adverse shocks and strengthen resilience against future epidemics. Over the past decade, state-owned enterprises (SOEs) have doubled in importance among the world's largest corporations. They often deliver basic services such as water, electricity, and loans for families and small businesses. At their best, they can help promote higher economic growth and achieve development goals. However, many are a burden to taxpayers and the economy. Chapter 3 discusses what governments can do to get the most out of SOEs. This includes ensuring the firm's managers have the right incentives and there is effective oversight. It also requires a high degree of transparency of their activities.


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Streamlining Procedures for Board Consideration of The Fund's Emergency Financing During Exceptional Circumstances Involving A Pandemic
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Year: 2020 Publisher: Washington, District of Columbia : International Monetary Fund,

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The COVID-19 pandemic has inflicted an unprecedented shock on the global economy and created an enormous demand for Fund resources. To accelerate processing and approval of members' requests in such circumstances, the paper proposes measures to expedite Board consideration and approval of requests for purchases and/or disbursements under the Rapid Financing Instrument and/or the Rapid Credit Facility, respectively, completion of reviews and requests for changes in access in existing arrangements, and requests for assistance under the Catastrophe Containment and Relief Trust (CCRT), by shortening the circulation period for Board documents. The paper also proposes extending the use of the shortened circulation period to selected Article IV consultations necessary for use of Fund resources during a global pandemic. Management will also streamline internal procedures to accelerate program processing and reduce the burden on the Fund's administrative capacity, and will seek the support of creditors to expedite the processing of financial transactions under COVID-19 emergency financing.

Keywords

Covid-19. --- Pandemic.


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Impacts of COVID-19 pandemic's distance learning on students and teachers in schools and in higher education : international perspectives
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Year: 2022 Publisher: Graz : Leykam,

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The worldwide imposed lockdowns forced schools and universities to digitise conventional teaching in a very short time and to convert teaching and learning formats partially or completely to Distance Learning. The changes in everyday teaching brought by Distance Learning were felt worldwide. With 22 double blind peerreviewed articles of researchers reporting on 17 different countries, the editors of this book want to shed light on the effects of Distance Learning in different regions of the world. This will allow for a value-free comparison of how the COVID-19 pandemic has been addressed in education in different parts of the world and what impacts it has had, is having or may have in the future.


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Tracts (N°21) - Quand la psychose fait dérailler le monde
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Year: 2020 Publisher: Paris ( ) : Gallimard,

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« Ce n'est pas la Covid-19 qui a mis le monde à terre, mais la psychose provoquée par ce virus. »Renaud Girard, Jean-Loup Bonnamy L'émotion désordonnée avec laquelle les États-Unis et la plupart des grands pays d'Europe occidentale ont réagi à l'épidémie de Covid-19 restera dans l'Histoire comme un bel exemple de psychose collective. Dans l'adoration de ce nouveau veau d'or qu'est le 'principe'de précaution, nous avons foulé aux pieds les valeurs les plus sacrées pour lesquelles se sont battus nos aînés. Renaud Girard et Jean-Loup Bonnamy livrent ici une réflexion d'ensemble largement nourrie de données internationales sur les conséquences médicales, sociales et économiques de l'événement.


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Mali : Request for Second Tranche of Debt Service Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report
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Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,

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The COVID-19 pandemic and the August 2020 coup d'etat have disrupted more than half a decade of strong economic performance, during which growth averaged 5 percent.1 Growth is projected to decline from 5 percent to -2 percent in 2020 both on account of the pandemic (reflecting a slowdown in external demand, travel, and FDI, as well as the impact of uncertainty and reduced mobility on domestic demand) and of post-coup disruptions in trade, transport, economic and financial flows following the sanctions imposed by the Economic Community of West African States (ECOWAS). Inflation accelerated slightly in recent months but is expected to remain below 2 percent, while the current account deficit is projected to narrow due to higher gold prices (main export) and lower oil prices (main import). Risks around the outlook are exceptionally high in light of the uncertainty surrounding the political transition, the impact of the sanctions on trade and overall activity, and continued deterioration in the security situation. Weak social safety nets amid high informality, food insecurity and a fragile healthcare system exacerbate challenges.


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Perceptions des premiers mois de la crise de la COVID-19 dans six pays d'Afrique
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Year: 2022 Publisher: Paris : Agence française dedéveloppement,

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Dans un contexte de diffusion du coronavirus à l'échelle mondiale depuis mars 2020, les gouvernants ont adopté une variété de mesures sanitaires, tantôt préventives, tantôt restrictives. En retour, les populations exposées à ces mesures ont affiché des niveaux de respect, d'adhésion et de soutien très variables. L'objectif général de cette recherche est de préciser la nature des perceptions du virus pour comprendre les raisons pour lesquelles les populations ont adhéré aux politiques de lutte contre la COVID. Parmi ces déterminants, l'étude met en avant le rôle du subjectif (émotions, confiance), variable clé pour anticiper les réactions des citoyens face à de nouveaux choix de politique publique.


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COVID-19 and women's intersectionalities in Africa
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Year: 2023 Publisher: Pretoria : Pretoria University Law Press (PULP),

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About the publication COVID-19 has become one of the most severe issues dominating discussions on the agendas of states globally, and across the African continent, since its emergence in 2019. The COVID-19 pandemic has regrettably brought into sharp focus the continued multiple and intersecting forms of discrimination faced by women and girls in Africa because of their intersecting identities. Yet, paradoxically, although African women are disproportionately affected by the crisis, they are largely invisible in the responses. Several African states and governments have taken different policy measures in response to the pandemic. These responses have taken different dimensions, including shutting down economies, imposition of lockdowns, coercive quarantine measures with police enforcement and criminal consequences for offenders violating these rules. Unfortunately, these responses have reinforced and amplified women's disproportionate disadvantage and gender inequalities in Africa. Against this backdrop, this book asks the intersectional question about women's experiences during the COVID-19 pandemic in Africa. Applying an intersectional human rights lens involves questioning how the intersecting identities that African women embody affect their experiences of the COVID-19 pandemic.


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Les inégalités au Burkina Faso à l'aune de la pandémie de la COVID-19 : quelques réflexions prospectives
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Year: 2020 Publisher: Paris : Agence française de développement,

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Un récent rapport sur les inégalités au Burkina Faso révèle que des progrès ont été faits au cours des deux dernières décennies, en matière de réduction des inégalités sociales et économiques. Bien que l'accès aux services sociaux ait connu une amélioration, les inégalités de genre, selon le statut économique et régional demeurent encore importantes. L'incidence de la pauvreté a également diminué, mais le niveau des inégalités économiques demeure encore élevé. Avec la pandémie de la Covid-19 que connaît le pays depuis mars 2020, on peut se demander si les inégalités sociales et économiques au Burkina Faso ne connaîtront pas une certaine exacerbation. Cette analyse des inégalités à l'aune de la pandémie est abordée à travers trois secteurs : la santé, l'éducation et l'économie. Dans le secteur de la santé, la pandémie a révélé, une fois encore, les limites du système de santé burkinabè, que ce soit en termes d'infrastructures, d'équipements que de ressources humaines. La psychose autour de la maladie, tant du côté du personnel de santé que de la population, a entraîné une réticence à recourir aux structures modernes de santé. Dans le secteur de l'éducation, la fermeture des écoles et universités pose le problème des acquis au cours de cette année scolaire 2019-2020. A moyen et long terme, c'est tout le défi de la qualité des apprentissages, malgré les solutions de remédiation proposées. Dans un contexte où l'accès à la télévision, à la radio et à l'internet demeure très limité, il est à craindre que les solutions d'offre de contenus pédagogiques dans les médias et en ligne, ne contribuent à exacerber les inégalités entre catégories sociales. Dans le secteur de l'économie, les mesures prises ont non seulement impacté négativement les échanges avec l'extérieur, mais aussi la production et la demande domestiques, particulièrement dans un contexte urbain où une large majorité des emplois sont dans le secteur informel et où plusieurs actifs gagnent leur revenu quasiment au jour le jour. La crise sanitaire a aussi montré le caractère extraverti de l'économie, et des initiatives locales ont dû être prises pour la production d'un certain nombre d'équipements et de biens. En cela, la pandémie pourrait être une opportunité de transformation fondamentale de la structure de l'économie nationale, ce qui pourrait à terme, contribuer à réduire les inégalités.


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Impact of COVID-19 on Financial Markets and the Real Economy
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Year: 2023 Publisher: Basel : MDPI - Multidisciplinary Digital Publishing Institute,

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This reprint comprises 17 papers published in the Special Issue entitled "The Impact of COVID-19 on Financial Markets and the Real Economy", centered on socioeconomic models affected by the pandemic (Vasin, 2022); the COVID-19 impact on various sectors or the economy as a whole, for instance in Canada (Singh et al., 2022), China (Habibi et al., 2022), Slovakia (Svabova et al., 2022), the United States (Rodousakis & Soklis, 2022) or Vietnam (Huynh et al., 2021; Nguyen et al., 2022); the benefits of teleworking on the continuity of operations across various sectors (Santos et al., 2022); research of the tourism and recreational possibilities of Russia and Kazakhstan's cross-border regions and the threats these areas faced during the pandemic (Tanina et al., 2022), the impact of the new coronavirus infection on the Russian labor market (Rodionov et al., 2022); the factors driving young Vietnamese people's intention to use financial technology in the context of the COVID-19 outbreak (Khuong et al., 2022) or those influencing access to credit for informal labor sector (Vu and Ho, 2022); predicting and analyzing Jordanian insurance firms' performance (Altarawneh et al., 2022) or developing an early warning system for solvency risk in the banking industry (Hidayat et al., 2022) during the COVID-19 pandemic; the impact of the pandemic on European stock markets (Keliuotyte-Staniuleniene and Kviklis, 2022); the drivers of cross-border mergers and acquisitions during the pandemic (Lee et al., 2021); examining the financial and fiscal variables of Ecuadorian economic groups (Tulcanaza-Prieto and Morocho-Cayamcela, 2021).


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Norway : Financial System Stability Assessment-Press Release; and Statement by the Executive Director for Norway
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Year: 2020 Publisher: Washington, D.C. : International Monetary Fund,

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Much of the work of the Financial Sector Assessment Program (FSAP) was conducted prior to the COVID-19 pandemic, with the missions ending on February 13, 2020. Given the FSAP's focus on medium-term challenges and vulnerabilities, however, its findings and recommendations for strengthening policy and institutional frameworks remain pertinent. The report was updated to reflect key developments and policy changes since the mission work was completed. It also includes a risk analysis that quantifies the possible impact of the COVID-19 crisis on bank solvency. Since the previous FSAP in 2015, the Norwegian authorities have taken welcome steps to strengthen the financial system. Regulatory capital requirements for banks were raised and actions were taken to bolster the weak capital position of insurers. Alongside other macroprudential measures, temporary borrower-based measures for residential mortgages were introduced, which seem to have had some moderating impact on segments of the housing market. The resolution framework was also strengthened, with the implementation of the Bank Recovery and Resolution Directive (BRRD) and the designation of Finanstilsynet (FSA) as the resolution authority.

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