UN Department of Economic and Social Affairs (DESA) Policy Briefs
The UN Department of Economic and Social Affairs (DESA) Policy Briefs provide research and policy analysis on global macroeconomic trends and prospects, frontier issues, emerging issues, and issues associated with countries in special situations, in the broad context of the implementation of the 2030 Agenda for Sustainable Development. They provide information on cross-cutting development issues and related issues that are of interest to the international community and particularly researchers, academics, policy makers, the media and the private sector.
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Corona Crisis Causes Turmoil in Financial Markets
Authors: United Nations, Shari Spiegel, Cornelia Kaldewei and Mario HuzelPublication Date: May 2020More LessThis policy brief analyses the impact of COVID-19 (coronavirus) on the financial sector and puts forward policy recommendations, focusing on how the international community can support countries most in need, in four areas: i) launching a large-scale, coordinated stimulus package that includes a significant increase in access to concessional financing; ii) strengthening the global financial safety net; iii) initiating a debt moratorium; and iv) in the medium-term, building a more sustainable future. These measures should complement other national and international actions to address the health, social and economic impact of the crisis.
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COVID-19 and Older Persons: A Defining Moment for an Informed, Inclusive and Targeted Response
Authors: United Nations, Julia Ferre and Amal Abou RafehPublication Date: May 2020More LessOlder persons and those with underlying medical conditions are at a higher risk of serious illness and death from COVID-19 (coronavirus). Multiple and intersecting forms of discrimination experienced by older persons are exacerbated during the COVID-19 pandemic and aggravate their vulnerabilities. Triage protocols and policies that ensure medical decisions should be based on clinical assessment, medical need, ethical criteria and on the best available scientific evidence.
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The COVID-19 Pandemic: A Wake-up Call for Better Cooperation at the Science–Policy–Society Interface
Authors: United Nations, Richard Alexander Roehrl, Wei Liu and Shantanu MukherjeePublication Date: May 2020More LessThis brief suggests five early lessons from the response to the pandemic that can strengthen how science and technology are harnessed, not just in this case but also for meeting other global challenges. These include strengthening national capacities for science-based decision making, enhancing public trust in science, sharing knowledge for more collaborative research, ensuring universal access to solutions, and acting with greater urgency on global scientific assessments.
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COVID-19: Embracing Digital Government During the Pandemic and Beyond
Author: United NationsPublication Date: May 2020More LessInformation and communication technologies (ICTs) play a vital role in promoting the health and safety of people and in keeping economies and societies working during the ongoing COVID-19 (coronavirus) crisis. Digital government technologies either through information sharing or online services have kept governments and people connected during the outbreak. Digital technologies have also enabled governments to make rapid policy decisions based on real-time data and analytics, to enhance the capacities of local authorities for better coordination and to deploy evidence-based services to those who need them most. The efforts in developing digital government strategies after the COVID-19 crisis should focus on improving data protection and digital inclusion policies as well as on strengthening the policy and technical capabilities of public institutions. Even though public-private partnerships are essential for implementing innovative technologies, government leadership, strong institutions and effective public policies are crucial to tailor digital solutions to countries’ needs as well as prioritize security, equity and the protection of people’s rights. The COVID-19 pandemic has emphasized the importance of technology, but also the pivotal role of an effective, inclusive and accountable government. This policy brief addresses how digital government has played a central role as a key tool of communication and collaboration between policymakers and society during the COVID-19 pandemic. Policymakers need to further embrace the future of digital government, even when the crisis is over.
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COVID-19: Addressing the Social Crisis Through Fiscal Stimulus Plans
Authors: United Nations, Marta Roig, Martjin Kind and Jonathan PerryPublication Date: May 2020More LessThe unfolding health crisis poses unprecedented challenges to individuals, families, Governments and to the international community. While containing the coronavirus pandemic is the most urgent priority, countries are quickly acting to counter its negative impact on employment and poverty, including through fiscal stimulus plans. Whether these plans will protect the most disadvantaged people and households over the long-term depends on their size, duration and on how measures are implemented.
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The COVID-19 Pandemic Puts Small Island Developing Economies in Dire Straits
Authors: United Nations, Hamid Rashid, Poh Lynn Ng, Hoi Wai Jackie Cheng and Andrea GrozdanicPublication Date: May 2020More LessCOVID-19 (coronavirus) is posing significant health and economic risks to small island developing economies, given their small economic base, high degree of openness and extreme dependence on economic performance of a few developed economies. Amid sharp falls in tourism revenues and remittances flows, small island economies are likely to experience the most pronounced contraction in 2020, further exacerbating their vulnerability to economic and climatic shocks. Disproportionately high debt-servicing burdens of many small island economies will weaken their external balance, potentially increasing the likelihood of debt defaults. Many small island economies—highly dependent on food imports—face the added challenge of ensuring food security during the health and economic crisis. The pandemic response will constrain the fiscal space of small island developing economies and exacerbate their vulnerabilities to natural disasters brought about by climate change. Scaled-up international development cooperation will remain critical for ensuring that small island economies can strengthen their health response to the pandemic, while safeguarding food security and averting an economic crisis.
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Commodity Exporters Face Mounting Economic Challenges as Pandemic Spreads
Authors: United Nations, Hamid Rashid, Sebastian Vergara, Helena Afonso and Ingo PitterlePublication Date: May 2020More LessMany commodity-dependent economies will likely face an economic crisis before they are hit by the coronavirus pandemic. Unlike most developed economies, commodity exporters saddled with large budget deficits and high levels of government debt will find it extremely difficult to roll out large fiscal stimulus. These economies are in a significantly tighter fiscal position now than they were during the global financial crisis, making it harder for them to borrow externally. Multilateral and concessional debt are increasingly critical financing options for many of these economies. The United Nations system entities can steer, facilitate and coordinate access to multilateral financing to help these economies scale up pandemic preparedness, minimize the risk of an economic crisis, and accelerate their sustainable development.
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