Here’s how governments can drive a sustainable recovery from COVID-19

Feb 8, 2021

COVID-19 coronavirus economics financial recovery

The global fiscal support reached nearly $14 trillion as of end-December 2020 and has increased by $2.2 trillion since October 2020 Image: Pixabay/nattanan23

Vitor Gaspar

Director of the Fiscal Affairs Department, IMF

Raphael Lam

IMF Deputy Resident Representative for China, IMF

Paolo Mauro

Deputy Director, Fiscal Affairs Department, IMF

Mehdi Raissi

Senior Economist in the Fiscal Affairs Department, IMF

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A graph to show the cost of government financial support across advanced, middle-income and low-income economies.

In low-income countries, the fiscal policy response has been more restricted. Image: International Monetary Fund

A diagram to show the varied fiscal responses across a range of economies

The pandemic may leave a negative, lasting impact in low-income countries Image: International Monetary Fund

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