The International Monetary Fund (IMF) and World Bank conducted their first virtual Spring Meetings amid the COVID-19 pandemic. This briefing summarizes the discussions, which focused on the economic impact of the pandemic, and provides key takeaways on topics including debt relief, financing for COVID-19 response, multilateral partnerships, and efforts to support global supply chains.
Oil prices are plunging as governments and markets navigate the impact of the COVID-19 pandemic. With 80% of the global population under some form of lockdown to slow the spread of the virus, demand for fuel has plummeted. As a result, governments have a rare opportunity to tackle a notoriously difficult and politically treacherous topic: phasing out regressive and climate-destructive energy subsidies. These reforms are always challenging to implement: developed and developing countries alike keep trying to do it, only to cave when confronted with protests.
This policy briefing examines how governments, multilateral organizations, and international financial institutions can leverage existing and new community-based responses to deal more effectively with the health, social, and economic impacts of the coronavirus pandemic.
As the coronavirus pandemic spreads across the globe, people are also moving, both in response to the threat of the virus and the actions states have taken to stem transmission. This memo examines population movements in pandemics, detailing the internal and cross-border movements now taking place, tracking the measures governments are implementing to to respond, and offering policy recommendations.
On Friday, April 10, the UN secretary-general observed that the COVID-19 pandemic could potentially lead to an increase in social unrest and violence. Below, we unpack how this dynamic is unfolding right now in the Caribbean—and how governments and multilateral actors can act early to prevent violence.