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Policy Advice to Asia in the COVID-19 Era

Author

Listed:
  • Chang Yong Rhee
  • Katsiaryna Svirydzenka

Abstract

The Asia-Pacific region was the first to be hit by the COVID-19 pandemic; it put a strain on its people and economies, and policymaking became exceptionally difficult. This departmental paper contains the assessment of the key challenges facing Asia at this critical juncture and policy advice to the region both to address the current challenges and to build the foundations for a more sustainable and inclusive future. The paper focuses on (1) adjusting to the COVID-19 shock, (2) using unconventional policies when policy space is limited, (3) dealing with debt, and (4) helping the vulnerable and greening the recovery. The paper first presents the different ways countries are adjusting to the COVID-19 shock.

Suggested Citation

  • Chang Yong Rhee & Katsiaryna Svirydzenka, 2021. "Policy Advice to Asia in the COVID-19 Era," IMF Departmental Papers / Policy Papers 2021/004, International Monetary Fund.
    • Handle: RePEc:imf:imfdps:2021/004
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