COVID-19 and the economic crisis it unleashed have spurred unprecedented action from governments and international institutions. Multilateral development banks (MDBs) like the Asian Development Bank (ADB) swiftly committed resources to COVID-19 response and recovery efforts in 2020 and 2021, including a $20 billion countercyclical support facility and a $9 billion facility specifically for COVID-19 vaccine procurement and vaccination program implementation.
CGD Policy Blogs
With the continuing spread in Africa, Asia, and Latin America, countries scramble to contain the fallout and ease the burden. Here’s a selection of recent coverage on the observed and expected economic impacts across the three continents.
COVID-19 continues to take a humanitarian toll around the world, including in Asia and the Pacific. Countries are rightly taking dramatic measures to slow it, and those measures have economic impacts. Here’s a selection of this week’s coverage on the observed and expected economic impacts across the region.