Resilient Recovery Series: Dealing with Debt

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Resilient Recovery Series: Dealing with Debt

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Debt service suspension for the poorest countries could mean billions more to fight and recover from #COVID19. Global Director @MarcelloEstevao explains how this initiative could help low-income countries.

The Resilient Recovery Series includes in-depth interviews with the Bank’s leading experts focused on health, social, and economic responses, as well as policies, institutions, and investments that will be critical to resilient, inclusive, and sustainable recovery.

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Atul Kamble

As the coronavirus (COVID-19) pandemic continues, governments and emergency services are focusing on immediate needs: boosting capacity in hospitals, addressing hunger, and protecting firms and families from eviction and bankruptcy.The majority of the funds flowing so far from the World Bank, the IMF, other regional development banks, or central banks seek to provide funds for protective gear at hospitals, stabilize financial institutions, pay companies to provide goods and services to essential workers, or provide direct cash support to households. In parallel, preliminary work has started in some countries on what the next phase of recovery will look like and the role of strong public action in boosting demand, providing replacement income, and facilitating new investments.The choices that governments make to restart their economic engine, including the long-term social, economic, and environmental co-benefits they seek to achieve through their stimulus investments, will be extraordinarily consequential in ensuring that they can build back stronger and better.There are many factors that governments must weigh in putting together their stimulus package: immediate needs, local institutional capacity, market conditions, borrowing headroom, and the legacy of past infrastructure investment decisions.1.How can businesses deliver better outcomes in times of a crisis?2.How will your organization ensure the well-being of people and the safety of productive assets in the event of a crisis?3.How can you ensure sustainable financing and stable cash reserves?4.Are there well-coordinated and standardized communication systems and protocols to ensure clear and transparent communication with all stakeholders?5.Does your organization have crisis management teams to manage short-term liquidity impacts and initiate appropriate countermeasures?6.What model do you have in place to assess potential risks and define responses in the event of a crisis?7.Have you considered the impact of a crisis in the budgeting and business planning processes, and implemented early warning mechanisms?8.When a crisis has significant financial impact, how can you adapt business model to reduce costs, both in the short and medium term?9.How will demand disruption impact on world and how will world recover from its aftermath?10.What is of the highest priority for businesses and governments during a crisis is the well-being of people – the individuals.Thanks and Regards,Mr.Atul KambleMD at Financial and Disaster Geospatial CompanyCEO and Advisor at World Trade Center (WTC) India CompanyMD and Advisor at Management and Infra Investment CompanyPersonal firm mail id - tycoonentertainment10@gmail.comMaharashtra,India
Thu, 07/16/2020 - 10:59
Faher Elfayez, World Bank

Debt service suspension for the poorest countries could mean billions more to fight and recover from #COVID19. Global Director @MarcelloEstevao explains how this initiative could help low-income countries.
Thu, 07/16/2020 - 11:03

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