Global Policy Forum

The global corona crisis – A summary of key policy mappings and databases

GPF_Logo_4CIn addition to the health aspects of the virus, the global coronavirus crisis also has financial, socio-economic and developmental consequences. For this reason, a large number of policy measures have been announced by governments and international organizations, on the one hand to contain the pandemic, on the other to mitigate the economic consequences. The main target groups of planned loans and cash injections are the healthcare system, as well as larger banks and companies. However, some strategies are also aimed at small and medium-sized companies as well as groups of individuals, their savings, private pensions and other private assets. The current situation is particularly problematic for many developing countries. In many countries, health systems are weak, governments have little financial flexibility and the majority of populations are not protected by social safety nets, making sickness, unemployment and loss of wages in these circumstances even more problematic than in Europe or the USA. International organizations such as the World Health Organization and the World Bank are therefore beginning to tailor measures specifically for this context. In order to gain an overview of the various national and international measures, various actors have created policy mappings and databases, each with a different focus. Global Policy Forum continuously analyzes relevant policy measures and highlights databases which are particularly useful.

April 1, 2020 | Global Policy Forum

The global corona crisis – A summary of key policy mappings and databases

versión en español

In addition to the health aspects of the virus, the global coronavirus crisis also has financial, socio-economic and developmental consequences. For this reason, a large number of policy measures have been announced by governments and international organizations, on the one hand to contain the pandemic, on the other to mitigate the economic consequences.

These measures contain for example fiscal stimulus and aid packages of various shapes and sizes, intended to cushion the serious economic and social consequences of the coronavirus outbreak worldwide. The main target groups of planned loans and cash injections are the healthcare system, as well as larger banks and companies. However, some strategies are also aimed at small and medium-sized companies as well as groups of individuals, their savings, private pensions and other private assets.

The current situation is particularly problematic for many developing countries. In many countries, health systems are weak, governments have little financial flexibility and the majority of populations are not protected by social safety nets, making sickness, unemployment and loss of wages in these circumstances even more problematic than in Europe or the USA. International organizations such as the World Health Organization and the World Bank are therefore beginning to tailor measures specifically for this context.

In order to gain an overview of the various national and international measures, various actors have created overviews, each with a different focus. Global Policy Forum continuously analyzes relevant policy measures. The following databases are particularly useful:

Reuters – Global economic policy response to the coronavirus pandemic

Reuters’ overview contains a summary of the most important economic strategies against the corona crisis. Individual countries worldwide and the euro zone are discussed.

IMF Policy Tracker

The policy tracker of the International Monetary Fund, as of the end of March, brings together almost all the important economic measures taken by governments to face the economic and social consequences of the corona pandemic. The list includes 186 countries.

OECD – Tax Policy Tracker

The OECD overview focuses on government tax measures to combat the financial impact of Covid-19.

Cicero Group- Comparative tracker of EU and Global Covid-19 measures

Offers an overview of economic and political measures against the Covid-19 outbreak and will be updated frequently. The responses of the EU and its member states are covered in detail as well as those of some economically important countries (UK, USA, China, Hong Kong and Japan).

Yale University – Coronavirus Response Tracker

The tracker addresses interventions by central banks, financial authorities and international institutions focused on financial stability. It also collects relevant suggestions from people and actors outside of governments. For each entry, a summary of the information is provided and links to the most important press articles are shared.

Coalition for Human Rights in Development - Tracking Covid-19 financing at Development Banks

The Coalition for Human Rights in Development's tracker provides an overview of various financing programs of international development banks in the context of the corona crisis.

United Nations - Coronavirus global health emergency

The official United Nations website on all issues related to the corona crisis


 

FAIR USE NOTICE: This page contains copyrighted material the use of which has not been specifically authorized by the copyright owner. Global Policy Forum distributes this material without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. We believe this constitutes a fair use of any such copyrighted material as provided for in 17 U.S.C § 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond fair use, you must obtain permission from the copyright owner.