Seven Finance & Trade Lessons from COVID-19 for Future Pandemics

May 20, 2022

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Format: Chicago

Ruchir Agarwal, and Gita Gopinath. Seven Finance & Trade Lessons from COVID-19 for Future Pandemics, (USA: International Monetary Fund, 2022) accessed December 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Pandemics and epidemics pose risks to lives, societies, and economies, and their frequency is expected to increase as rising trade and increased human interaction with animals leads to the emergence of new diseases. The COVID-19 pandemic teaches us that we can and must be better prepared, with scope for much greater global coordination to address the financing, supply-chain, and trade barriers that amplified the pandemic’s economic costs and contributed to the emergence of new variants. This paper draws seven early lessons from the COVID-19 pandemic that could inform future policy priorities and help shape a better global response to future crises.

Subject: COVID-19, Health, Health care, International trade, Trade finance

Keywords: COVID-19, Economic cost, Finance & Trade, Financing framework, Global, Health care, IMF pandemic proposal, Pandemic, Timing of financing, Trade finance, Trade lesson

Publication Details

Pages:

17
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2022/097
Stock No:

WPIEA2022097
ISBN:

9798400210365
ISSN:

1018-5941

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