Supporting Firms in Restructuring and Recovery
Firms and workers continue to be deeply affected by COVID-19, while the reach of policy support has been limited. Only one in four businesses surveyed across 60 countries has received any type of public support, with the share varying from more than 50 percent in high-income countries to just over 10 percent for low-income economies. The rest of this note is structured as follows. The next section presents the main impacts of COVID-19 on businesses. Section three revisits the organizing framework of the first Supporting Firm Resilience note (Freund and Mora 2020), reaffirming its relevance as the underlying methodology for analysis and guide to policy discussions with client authorities. Section four summarizes the policy responses by authorities around the world. Section five provides some early evidence on the impact of policies as well as recommendations for improving their targeting and effectiveness. Section six maps out the way forward for countries. Section seven concludes and outlines how the WBG can support.
| Main Author: | |
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| Format: | Working Paper biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021-03
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| Subjects: | MICROENTERPRISES, SMALL AND MEDIUM-SIZED ENTERPRISES, CORONAVIRUS, COVID-19, ECONOMIC SHOCK, PUBLIC POLICY RESPONSE, PANDEMIC IMPACT, PANDEMIC RESPONSE, TARGETING SOCIAL PROGRAMS, FIRM PERFORMANCE, |
| Online Access: | http://documents.worldbank.org/curated/en/306401616131450724/Supporting-Firms-in-Restructuring-and-Recovery http://hdl.handle.net/10986/35551 |
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| Summary: | Firms and workers continue to be deeply
affected by COVID-19, while the reach of policy support has
been limited. Only one in four businesses surveyed across 60
countries has received any type of public support, with the
share varying from more than 50 percent in high-income
countries to just over 10 percent for low-income economies.
The rest of this note is structured as follows. The next
section presents the main impacts of COVID-19 on businesses.
Section three revisits the organizing framework of the first
Supporting Firm Resilience note (Freund and Mora 2020),
reaffirming its relevance as the underlying methodology for
analysis and guide to policy discussions with client
authorities. Section four summarizes the policy responses by
authorities around the world. Section five provides some
early evidence on the impact of policies as well as
recommendations for improving their targeting and
effectiveness. Section six maps out the way forward for
countries. Section seven concludes and outlines how the WBG
can support. |
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