Question

The COVID-19 pandemic is far more than a health crisis: it is affecting societies and economies at their core. While the impact of the pandemic will vary from country to country, it will most likely increase poverty and inequalities at a global scale, making achievement of SDGs even more urgent. If there is an emergence of a severe second wave of COVID-19 in developing countries, as a policy analyst, advice the Minister of Finance and the Governor of the Bank of national banks about the observed drawbacks of earlier implemented monetary and fiscal stimulus in mitigating the crisis. What are those policies you would have handled in a different manner? and what other policy suggestions would you provide?

Answer 1

After observing the drawbacks of the earlier implemented monetary and fiscal stimulus I would suggest that this time if there is an emergency occur again of COVID-19 some of the policies should be changed.

At this time common people savings are over and there is a bad condition in any developing countries so policies should be regarding these group of people in which they can get proper food and shelter.

Also there is a big problem of economy in every developing countries if this time again this crises happen then many countries will face big problems.

I have handled these policies like as said above that it is mainly for common person whose savings are over.

I suggest that the policies that should be made will be for those people who loose there jobs in the pandemic and use of the resources in an efficient way and also a strong policy regarding health problems.

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