Impacts of COVID-19 on the Private Sector in Fragile and Conflict-Affected Situations
The Coronavirus (COVID-19) pandemic is having a significant negative impact on the private sector in developing economies, and businesses and individuals in fragile and conflict-affected situations are among the most severely affected. The pandemic...
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International Finance Corporation, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/550771606380666949/Impacts-of-COVID-19-on-the-Private-Sector-in-Fragile-and-Conflict-Affected-Situations http://hdl.handle.net/10986/34857 |
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okr-10986-348572021-04-23T14:02:10Z Impacts of COVID-19 on the Private Sector in Fragile and Conflict-Affected Situations International Development Association International Finance Corporation FRAGILE AND CONFLICT AFFECTED STATES CORONAVIRUS COVID-19 PANDEMIC IMPACT PRIVATE INVESTMENT TRADE AND DEVELOPMENT BANK EMERGING MARKET ECONOMIES SUPPLY CHAIN VALUE CHAIN PERSONAL PROTECTIVE EQUIPMENT INFRASTRUCTURE FINANCE FOOD SECURITY AGRIBUSINESS DIGITAL SERVICES PRIVATE EQUITY GENDER DONOR COMMUNITY The Coronavirus (COVID-19) pandemic is having a significant negative impact on the private sector in developing economies, and businesses and individuals in fragile and conflict-affected situations are among the most severely affected. The pandemic has evolved rapidly from a health emergency to a global economic crisis, spreading through the real sector and posing growing risks to financial systems. Notable sector-level impacts include supply and demand-based shocks to infrastructure and private healthcare; disruptions to imports, exports, and global and local value chains; and declining agribusiness activity that threatens food insecurity, all leading to financial sector instability. This note examines these sector-level impacts and provides recommendations for how the development community can address them. It advocates, among other things, for balancing short-term, sector-level relief and restructuring efforts with planning for a medium-term to long-term recovery, leveraging upstream interventions to “Build Back Better,” and collaborating with governments and development partners. As fragile and conflict-affected situations face further pandemic-related setbacks on top of already substantial hardships, it is critical that the global development community prioritize support to these vulnerable populations. 2020-12-02T15:27:30Z 2020-12-02T15:27:30Z 2020-11 Brief http://documents.worldbank.org/curated/en/550771606380666949/Impacts-of-COVID-19-on-the-Private-Sector-in-Fragile-and-Conflict-Affected-Situations http://hdl.handle.net/10986/34857 English EMCompass;Note 93 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief Africa |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
FRAGILE AND CONFLICT AFFECTED STATES CORONAVIRUS COVID-19 PANDEMIC IMPACT PRIVATE INVESTMENT TRADE AND DEVELOPMENT BANK EMERGING MARKET ECONOMIES SUPPLY CHAIN VALUE CHAIN PERSONAL PROTECTIVE EQUIPMENT INFRASTRUCTURE FINANCE FOOD SECURITY AGRIBUSINESS DIGITAL SERVICES PRIVATE EQUITY GENDER DONOR COMMUNITY |
| spellingShingle |
FRAGILE AND CONFLICT AFFECTED STATES CORONAVIRUS COVID-19 PANDEMIC IMPACT PRIVATE INVESTMENT TRADE AND DEVELOPMENT BANK EMERGING MARKET ECONOMIES SUPPLY CHAIN VALUE CHAIN PERSONAL PROTECTIVE EQUIPMENT INFRASTRUCTURE FINANCE FOOD SECURITY AGRIBUSINESS DIGITAL SERVICES PRIVATE EQUITY GENDER DONOR COMMUNITY International Development Association International Finance Corporation Impacts of COVID-19 on the Private Sector in Fragile and Conflict-Affected Situations |
| geographic_facet |
Africa |
| relation |
EMCompass;Note 93 |
| description |
The Coronavirus (COVID-19) pandemic is
having a significant negative impact on the private sector
in developing economies, and businesses and individuals in
fragile and conflict-affected situations are among the most
severely affected. The pandemic has evolved rapidly from a
health emergency to a global economic crisis, spreading
through the real sector and posing growing risks to
financial systems. Notable sector-level impacts include
supply and demand-based shocks to infrastructure and private
healthcare; disruptions to imports, exports, and global and
local value chains; and declining agribusiness activity that
threatens food insecurity, all leading to financial sector
instability. This note examines these sector-level impacts
and provides recommendations for how the development
community can address them. It advocates, among other
things, for balancing short-term, sector-level relief and
restructuring efforts with planning for a medium-term to
long-term recovery, leveraging upstream interventions to
“Build Back Better,” and collaborating with governments and
development partners. As fragile and conflict-affected
situations face further pandemic-related setbacks on top of
already substantial hardships, it is critical that the
global development community prioritize support to these
vulnerable populations. |
| format |
Brief |
| author |
International Development Association International Finance Corporation |
| author_facet |
International Development Association International Finance Corporation |
| author_sort |
International Development Association |
| title |
Impacts of COVID-19 on the Private Sector in Fragile and Conflict-Affected Situations |
| title_short |
Impacts of COVID-19 on the Private Sector in Fragile and Conflict-Affected Situations |
| title_full |
Impacts of COVID-19 on the Private Sector in Fragile and Conflict-Affected Situations |
| title_fullStr |
Impacts of COVID-19 on the Private Sector in Fragile and Conflict-Affected Situations |
| title_full_unstemmed |
Impacts of COVID-19 on the Private Sector in Fragile and Conflict-Affected Situations |
| title_sort |
impacts of covid-19 on the private sector in fragile and conflict-affected situations |
| publisher |
International Finance Corporation, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/550771606380666949/Impacts-of-COVID-19-on-the-Private-Sector-in-Fragile-and-Conflict-Affected-Situations http://hdl.handle.net/10986/34857 |
| _version_ |
1764481803106648064 |