Supporting Firms in Restructuring and Recovery

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 tha...

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Bibliographic Details
Main Author: World Bank Group
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2021
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
id okr-10986-35551
recordtype oai_dc
spelling okr-10986-355512021-05-11T05:10:46Z Supporting Firms in Restructuring and Recovery World Bank Group MICROENTERPRISES SMALL AND MEDIUM-SIZED ENTERPRISES CORONAVIRUS COVID-19 ECONOMIC SHOCK PUBLIC POLICY RESPONSE PANDEMIC IMPACT PANDEMIC RESPONSE TARGETING SOCIAL PROGRAMS FIRM PERFORMANCE 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. 2021-05-10T14:19:20Z 2021-05-10T14:19:20Z 2021-03 Working Paper http://documents.worldbank.org/curated/en/306401616131450724/Supporting-Firms-in-Restructuring-and-Recovery http://hdl.handle.net/10986/35551 English Equitable Growth, Finance and Institutions Insight; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic MICROENTERPRISES
SMALL AND MEDIUM-SIZED ENTERPRISES
CORONAVIRUS
COVID-19
ECONOMIC SHOCK
PUBLIC POLICY RESPONSE
PANDEMIC IMPACT
PANDEMIC RESPONSE
TARGETING SOCIAL PROGRAMS
FIRM PERFORMANCE
spellingShingle MICROENTERPRISES
SMALL AND MEDIUM-SIZED ENTERPRISES
CORONAVIRUS
COVID-19
ECONOMIC SHOCK
PUBLIC POLICY RESPONSE
PANDEMIC IMPACT
PANDEMIC RESPONSE
TARGETING SOCIAL PROGRAMS
FIRM PERFORMANCE
World Bank Group
Supporting Firms in Restructuring and Recovery
relation Equitable Growth, Finance and Institutions Insight;
description 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.
format Working Paper
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Supporting Firms in Restructuring and Recovery
title_short Supporting Firms in Restructuring and Recovery
title_full Supporting Firms in Restructuring and Recovery
title_fullStr Supporting Firms in Restructuring and Recovery
title_full_unstemmed Supporting Firms in Restructuring and Recovery
title_sort supporting firms in restructuring and recovery
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/en/306401616131450724/Supporting-Firms-in-Restructuring-and-Recovery
http://hdl.handle.net/10986/35551
_version_ 1764483269705859072

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