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Sustainable and inclusive growth and development in many countries have been on track for a while. However, the coronavirus disease (COVID-19) pandemic poses cumulative challenges for sustaining livelihoods, healthcare systems, economic and social stability, and governance across the globe, nationally and locally. While public funds are limited and public and corporate debt levels are rising significantly, the demand for financial support is rising in multiple sectors, requiring policymakers to make difficult choices to cope with the health crisis and minimize its detrimental economic, social, and developmental impacts.
Sustainable and inclusive growth and development in many countries have been on track for a while. However, the coronavirus disease (COVID-19) pandemic poses cumulative challenges for sustaining livelihoods, healthcare systems, economic and social stability, and governance across the globe, nationally and locally. While public funds are limited and public and corporate debt levels are rising significantly, the demand for financial support is rising in multiple sectors, requiring policymakers to make difficult choices to cope with the health crisis and minimize its detrimental economic, social, and developmental impacts.