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Book
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.


Book
Lessons learned in health professions education during the COVID-19 pandemic. : proceedings of a workshop
Authors: ---
Year: 2021 Publisher: Washington (DC) : National Academies Press (US),

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Book
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.


Book
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.


Book
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.


Book
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).


Book
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.


Book
Morocco : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco
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Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,

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As in many other countries in the world, the pandemic has exerted a heavy toll on Morocco's population. Its economy has also been hit by a severe drought that affected agriculture output. The authorities' prompt response has helped contain the social and economic damage from the shocks but could not avoid a severe contraction of GDP. The loss of tax revenues deteriorated the fiscal position, while the fall in tourism receipts widened the current account deficit. However, greater access to external borrowing, including the full drawing of the IMF Precautionary and Liquidity Line (PLL) arrangement, has helped maintain international reserves at adequate levels so far in 2020. A gradual economic recovery is expected to begin in 2021, assuming the impact of the drought and the health crisis wane next year. The recent rise in COVID-19 cases, both in Morocco and its main trading partners, suggests that this outlook remains subject to significant downside risks.


Book
Denmark : Financial Sector Assessment Program-Technical Note-Banking Regulation and Supervision
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Year: 2020 Publisher: Washington, D.C. : International Monetary Fund,

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COVID-19 pandemic: The Financial Sector Assessment Program (FSAP) work was conducted prior to the COVID-19 pandemic, so this Technical Note (TN) does not assess the impact of the crisis or the recent crisis-related policy measures. Nonetheless, given the FSAP's focus on vulnerabilities and policy frameworks, the findings and recommendations of the TN remain pertinent. The Danish Financial Supervisory Authority (DFSA) has improved standards in its oversight of banking and insurance sectors since the last FSAP. Nevertheless, risks persist, both in traditional forms, and new areas, such as cyber risk, AML, and innovative market entrants. This note, selects topics to meet evolving supervisory challenges and the expectation that the international supervisory standards themselves will likewise continue to rise.


Book
Denmark : Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight and Macroprudential Policy Framework
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Year: 2020 Publisher: Washington, D.C. : International Monetary Fund,

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COVID-19 pandemic: The Financial Sector Assessment Program (FSAP) work was conducted prior to the COVID-19 pandemic, so this Technical Note (TN) does not assess the impact of the crisis or the recent crisis-related policy measures. Nonetheless, given the FSAP's focus on vulnerabilities and policy frameworks, the findings and recommendations of the TN remain pertinent. While Denmark's institutional arrangements are uncommon, the authorities have undertaken several macroprudential measures since the last FSAP. The Minister for Industry, Business and Financial Affairs (MIBFA) has decision-making power over most macroprudential tools in Denmark, which is rare in international practice. However, the Systemic Risk Council (SRC), which includes members from the Danmarks Nationalbank (DN) and Danish Financial Supervisory Authority (DFSA) plays an advisory role and has powers to give recommendations with a comply or explain mechanism. In recent years, the authorities have taken wide-ranging macroprudential policy actions in response to growing systemic vulnerabilities, which have seemed to slow down some of the riskier trends. More recently, in response to the Covid-19 crisis, countercyclical capital buffer (CCyB) has been fully released.

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