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EC – State aid: Commission approves £50 billion UK “umbrella” scheme to support the economy in the coronavirus outbreak

The European Commission has approved a £50 billion (approximately €57 billion) “umbrella” UK scheme to support small and medium-sized enterprises (SMEs) and large corporates in the United Kingdom affected by the coronavirus outbreak. The scheme was approved under the State

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Containing COVID-19 Will Devastate the Economy. Here’s the Economic Case for Why It’s Still Our Best Option.

The death toll from failing to contain the virus will be far more costly to society. BASED ON THE RESEARCH OF Martin Eichenbaum Sergio Rebelo Mathias Trabandt It’s a brutal trade-off: inducing massive economic suffering in order to save human

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EC on Coronavirus: the Commission mobilises all of its resources to protect lives and livelihoods

Saving lives and supporting livelihoods in these times of acute crisis is paramount. The Commission is further increasing its response by proposing to set up a €100 billion solidarity instrument to help workers keep their incomes and help businesses stay

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ICC, WTO heads urge business dialogue to inform response to trade fallout from COVID-19

WTO Director General Roberto Azevêdo and International Chamber of Commerce Secretary-General John Denton issued on 2 April a joint statement calling for more dialogue with business to maximize the effectiveness of public policies to mitigate the economic damage resulting from

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IFC Insights: Ebola-era Lessons for the Private Sector

By Alison Buckholtz When Stefan Dercon worked in West Africa at the end of the Ebola epidemic, he witnessed vast disruptions throughout the private sector—and then, as the crisis receded, he tracked how a “new normal” reshaped business practices and

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UN: All hands on deck to fight a once-in-a-lifetime pandemic

Only by coming together will the world be able to face down the COVID-19 pandemic and its shattering consequences. At an emergency virtual meeting last Thursday, G20 leaders took steps in the right direction.  But we are still far away

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WHO Director-General’s opening remarks at the Mission briefing on COVID-19 – 2 April 2020

Good morning. I’d like to begin by thanking Member States for last week’s briefing. It was inspiring to hear from China, Japan, the Republic of Korea and Singapore about their experience and the lessons they have learned. We plan to

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World Bank – East Asia and Pacific: Countries Must Act Now to Mitigate Economic Shock of COVID-19

The virus that triggered a supply shock in China has now caused a global shock. Developing economies in East Asia and the Pacific (EAP), recovering from trade tensions and struggling with COVID-19, now face the prospect of a global financial shock

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WHO releases guidelines to help countries maintain essential health services during the COVID-19 pandemic

The COVID-19 pandemic is straining health systems worldwide. The rapidly increasing demand on health facilities and health care workers threatens to leave some health systems overstretched and unable to operate effectively. Previous outbreaks have demonstrated that when health systems are

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World Bank Blogs: Thinking ahead – for a sustainable recovery from COVID-19

Across the World Bank Group, efforts are underway to help governments respond to the crisis triggered by COVID-19. The priority today is to support overwhelmed health systems and the millions of workers and business owners who are being hit hard.

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