Abstract
The coronavirus disease 2019 (COVID-19) pandemic is not only stretching health systems to their limits, it is rapidly becoming a threat to the entire global economy, on a scale much greater than the 2007–08 financial crisis. Policymakers from high-income countries have been quick to respond, pledging unprecedented amounts of support to citizens and businesses. The EU announced a “no limits” commitment to protect European economies by purchasing sovereign and corporate debt, while the US congress has agreed a US$2 trillion stimulus bill.
Highlights
Softening the blow of the pandemic: will the International Monetary Fund and World Bank make things worse?
The coronavirus disease 2019 (COVID-19) pandemic is stretching health systems to their limits, it is rapidly becoming a threat to the entire global economy, on a scale much greater than the 2007–08 financial crisis
Open to low-income and middle-income countries (LMICs), which will face the brunt of the COVID-19 burden
Summary
Softening the blow of the pandemic: will the International Monetary Fund and World Bank make things worse? The coronavirus disease 2019 (COVID-19) pandemic is stretching health systems to their limits, it is rapidly becoming a threat to the entire global economy, on a scale much greater than the 2007–08 financial crisis.
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