The speed and scale of the global COVID-19 health pandemic and its impact on employment has been unprecedented. Governments around the world are taking action to mitigate the negative impact of the health crisis on firms and people and to maintain a foundation for rapid economic recovery once the health crisis is resolved.
Emerging markets and developing countries, some of which were prone to financial market volatility before the coronavirus pandemic, are especially exposed. This page outlines policy guidance for ways to mitigate risks to financial markets and maintain liquidity to support economic recovery once the health crisis is resolved.
