The International Monetary Fund has launched a “Tracker of Policies Governments are Taking in Response to COVID-19”. The policy tracker outlines the key economic responses taken by the government of various countries in order to contain the COVID-19 pandemic. The policy tracker has the updated data till March 24, 2020.
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Tracker of Policies Governments are Taking in Response to COVID-19:
The policy tracker brings into focus the discretionary measures that supplement existing social safety nets and insurance mechanisms. The tracker do not aim to compare the various measures across the members because the policy responses depends on various parameters such as the nature of the shock and country-specific circumstances.
The policy tracker covers the responses on the basis of three pillars, namely:
- Monetary And Macro-Financial
- Exchange Rate And Balance Of Payments
Important takeaways for all competitive exams:
- Managing Director of IMF: Kristalina Georgieva.