UN launches COVID-19 plan that could ‘defeat the virus and build a better world’

“The new coronavirus disease is attacking societies at their core, claiming lives and people’s livelihoods”,saidSecretary-General António Guterres, pointing out that the potential longer-term effects on the global economy and individual countries are “dire”.

Measures to cope with coronavirus impacts

•    Global actions must include a stimulus package reaching double-digit percentage points of the world’s GDP, with explicit actions to boost the economies of developing countries. •    Regional mobilization must examine impacts, monetary coordination, fiscal and social measures, while engaging with private financial sector to support businesses and addressing structural challenges. •    National solidarity needs to prioritize social cohesion and provide fiscal stimulus for the most vulnerable along with support to small- and medium-sized enterprises, decent work and education.

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