Have a personal or library account? Click to login
The Response of International Financial  Institutions to the COVID-19 Crisis Cover

The Response of International Financial Institutions to the COVID-19 Crisis

Open Access
|Sep 2023

References

  1. Acharya, A. (2016), ‘The future of global governance: Fragmentation may be inevitable and creative’, Global Governance: A Review of Multilateralism and International Organizations, Vol. 22, pp. 453–460.
  2. Alayza, N. (2022), COP27: Key Takeaways and What’s Next, World Resources Institute, December, available online at https://www.wri.org/insights/cop27-key-outcomes-un-climate-talks-sharmel-sheikh
  3. Bernanke, B., Carstens, A., Geithner, T., Shanmugaratnam, T., Shirakawa, M. (2022), Economic Policy Lessons from Covid-19: The Big Picture, Group of Thirty, Occasional Paper No. 97, February, available online at https://group30.org/images/uploads/publications/G30_Economic_Policy_Lessons_from_Covid-19-_The_Big_Picture.pdf
  4. Bieber, F. (2022), Global Nationalism in Times of the COVID-19 Pandemic, Nationalities Papers, Vol 50, pp. 13-25.
  5. Borio, C., (2020), The Covid-19 economic crisis: Dangerously unique, Business Economics, Vol. 55, pp. 181-190.
  6. Brunat, E., Fontanel, J. (2023), When Mercantilism Upsets Neo-Classical Liberal Thinking, the Pandemic Covid-19 as a Revelation, International Conference on Disaster Management, Global pandemic and its impact 2023, January, available online at https://hal.univ-grenoble-alpes.fr/hal-03999929/document
  7. Chancel, L., Piketty, T., Saez, E., & Zucman, G. (Eds.), (2022), World inequality report 2022. Harvard University Press.
  8. Cheila., E. (2022): COVID-19 kai i “epomeni mera” (in Greek), Eurasia Publications, Athens.
  9. Duggan, J., Morris, S., Sandefur, J., Yang, G. (2020), Is the World Bank’s COVID-19 Crisis Lending Big Enough, Fast Enough?: New Evidence on Loan Disbursements, Center for Global Development, October, available online at https://www.cgdev.org/publication/world-banks-covid-crisis-lending-big-enough-fast-enough-new-evidence-loan-disbursements
  10. García-Herrero, A., Tan, J. (2020), Deglobalisation in the context of United States-China decoupling, Policy Contribution, Vol. 21, pp. 1-16.
  11. Goodman, P. S. (2020), How the Wealthy World Has Failed Poor Countries During the Pandemic, The New York Times, November, available online at https://www.nytimes.com/2020/11/01/business/coronavirus-imf-world-bank.html
  12. Georgieva, K. (2020), No lost generation: can poor countries avoid the Covid trap?, The Guardian, September, available online at https://www.theguardian.com/business/2020/sep/29/covid-pandemic-imf-kristalina-georgieva
  13. Gonzalez Migueles, M. (2021), Why International Financial Institutions matter for COVID-19 recovery, undp.org, March, available online at https://www.undp.org/blog/why-international-financial-institutions-matter-covid-19-recovery
  14. Gopinath, G. (2020), The great lockdown: Worst economic downturn since the great depression, IMF blog, April, available online at https://www.imf.org/en/Blogs/Articles/2020/04/14/blog-weothe-great-lockdown-worst-economic-downturn-since-the-great-depression
  15. G7 (2020), G7 Leaders’ Statement, March, available online at https://www.mofa.go.jp/files/100021631.pdf
  16. Human Rights Watch (2022), IMF/World Bank: Targeted Safety Net Programs Fall Short on Rights Protection, April, available online at https://www.hrw.org/news/2022/04/14/imf/world-bank-targeted-safety-net-programs-fall-short-rights-protection
  17. Independent Evaluation Group (2021), Evaluation of the World Bank Group’s Early Response in Addressing the Economic Implications of COVID-19, Approach Paper, October, available online at https://ieg.worldbankgroup.org/sites/default/files/Data/reports/ap_covid19economicimplications.pdf
  18. - (2022), The World Bank’s Early Support to Addressing COVID-19. Health and Social Response. An Early-Stage Evaluation, November, available online at: https://ieg.worldbankgroup.org/sites/default/files/Data/Evaluation/files/Covid-19-health-and-social-response.pdf
  19. International Monetary Fund, (2022), About the IMF, November, available online at https://www.imf.org/en/About/Factsheets/Sheets/2022/IMF-World-Bank-New
  20. Jenkins, B., Jones, B. (2020), Reopening the World: The WHO, international institutions, and the COVID-19 response, brookings.edu, June, available online at https://www.brookings.edu/blog/order-from-chaos/2020/06/16/reopening-the-world-the-who-international-institutions-and-the-covid-19-response/
  21. Jomo, K.S., Chowdhury, A., (2020), COVID-19 Pandemic Recession and Recovery, Development, Vol. 63, pp. 226–237.
  22. Josepha Debre, M., Dijkstra, H., (2021), COVID-19 and policy responses by international organizations: crisis of Liberal international order or window of opportunity? Global Policy, Vol. 12, no. 4, pp. 443-454.
  23. Kentikelenis, A., Gabor, D., Ortiz, I., Stubbs, T., McKee, M., Stuckler, D., (2020), Softening the blow of the pandemic: will the International Monetary Fund and World Bank make things worse? The Lancet Global Health, Vol. 8, no. 6, pp. 758-759.
  24. Kilby, C., McWhirter, C., (2022), The World Bank COVID-19 response: Politics as usual? Rev Int Organ, Vol. 17, July, pp. 627–656.
  25. Koh, C., Wojnilower, J., (2023), IEO Evaluation of IMF’s Emergency Response to the COVID-19 Pandemic: Staff Survey Results, IEO Background Paper. No. BP/23-01/06.
  26. Kose, M. A., Nagle, P. S. O., Ohnsorge, F., Sugawara, N., (2021), What has been the Impact of COVID-19 on Debt? Turning a Wave into a Tsunami, World Bank Policy Research Working Paper.
  27. Krastev, I., (2020), Seven early lessons from the coronavirus, European Council on Foreign Relations, Vol. 18.
  28. Krueger, A., (2021), The Bretton Woods Credibility Crisis. The Undoing of Doing Business, PS Big Picture, October, available online at https://www.project-syndicate.org/onpoint/the-undoing-of-doing-business
  29. OECD (2020), International organisations in the context of COVID-19: adapting rulemaking for timely, evidence-based and effective international solutions in a global crisis, available online at https://www.oecd.org/gov/regulatory-policy/Summary-Note-COVID-19%20webinars.pdf
  30. Okonjo-Iweala, N., Shanmugaratnam, T., Summers, L. H. (2021), Rethinking Multilateralism for a Pandemic Era, Finance & Development, December, available online at https://www.imf.org/en/Publications/fandd/issues/2021/12/Multilateralism-Pandemic-Era-Okonjo-Iweala-Shanmugaratnam-Summers
  31. Parramore, L. (2023), Another Debt Crisis in the Global South? Economist Reveals the Key to Understanding It, Institute for New Economic Thinking, Αpril, available online at https://www.ineteconomics.org/perspectives/blog/another-debt-crisis-in-the-global-south-economist-reveals-the-key-to-understanding-it
  32. Rampton, R., et al. (2018), U.S. withdraws from international accords, says U.N. world court ‘politicized’, Reuters, October, available online at https://www.reuters.com/article/us-usa-diplomacy-treaty-idUSKCN1MD2CP
  33. Setser, B. (2023), The World Bank Stepped Up During the Pandemic, Council on Foreign Relations, March, available online at https://www.cfr.org/blog/world-bank-stepped-during-pandemic
  34. Stiglitz, J., Gallagher, K. (2022), IMF Surcharges. A Lose-Lose Policy for Global Recovery, VoxEU, February, available online at https://voxeu.org/article/imf-surcharges-lose-lose-policy-global-recovery
  35. Susskind, D., Vines, D., (2020), The economics of the COVID-19 pandemic: an assessment, Oxford Review of Economic Policy, Vol. 36, Supplement 1, pp. 1-13.
  36. Tamale, N. (2021), Adding Fuel to Fire: How IMF demands for austerity will drive up inequality worldwide. Oxfam Policy & Practice, November, available online at https://policy-practice.oxfam.org/resources/adding-fuel-to-fire-how-imf-demands-for-austerity-will-drive-up-inequality-worl-621210/
  37. Tatar, M., Shoorekchali, J. M., Faraji, M. R., Seyyedkolaee, M. A., Pagán, J. A., Wilson, F. A., (2022), COVID-19 vaccine inequality: A global perspective, Journal of global health, Vol. 12, no. 03072.
  38. Youde, J. (2020), How ‘Medical Nationalism’ is undermining the fight against the coronavirus pandemic, World Politics Review, Vol. 23, March, available online at https://www.worldpoliticsreview.com/how-medical-nationalism-is-undermining-the-fight-against-the-coronavirus-pandemic/
  39. Walker, J., Martin, M., Seery, E., Abdo, N., Kamande, A., Lawson, M. (2022), The 2022 Commitment to Reducing Inequality (CRI) Index, Oxfam International, October, available online at https://www.oxfam.org/en/research/2022-commitment-reducing-inequality-cri-index
  40. Wong, E., & Swanson, A. (2022). Ukraine war and pandemic force nations to retreat from globalization. New York Times, March, 22 2022.
  41. World Bank (2022), Chapter 1. The economic impacts of the COVID-19 crisis, World Development Report 2022, available online at https://www.worldbank.org/en/publication/wdr2022/brief/chapter-1-introduction-the-economic-impacts-of-the-covid-19-crisis
  42. - (2022), How the World Bank Group is helping countries address COVID-19 (coronavirus), August, available online at https://www.worldbank.org/en/news/factsheet/2020/02/11/how-the-world-bank-group-is-helping-countries-with-covid-19-coronavirus
  43. - (2022), The World Bank’as Early Support to Addressing Coronavirus (COVID-19) Health and Social Response-An Early-Stage Evaluation, November, available online at https://ieg.worldbankgroup.org/evaluations/world-banks-early-support-addressing-covid-19/overview
  44. -(2022), Financing and Debt Service Relief, March, available online at https://www.imf.org/en/Topics/imf-and-covid19/COVID-Lending-Tracker
  45. - (2021), The IMF’s Response to COVID-19. Questions and answers, April, available online at https://www.imf.org/en/About/FAQ/imf-response-to-covid-19#Q1
  46. - (2021), World Economic Outlook, April 2021: Managing Divergent Recoveries, April, available online at https://www.imf.org/en/Publications/WEO/Issues/2021/03/23/world-economic-outlook-april-2021
  47. - (n.d.), Who We Are, available online at https://www.worldbank.org/en/who-we-are
  48. - (n.d.), World Bank Group’s Operational Response to COVID-19 (coronavirus) – Projects List, available online at https://www.worldbank.org/en/about/what-we-do/brief/world-bank-group-operational-response-covid-19-coronavirus-projects-list
DOI: https://doi.org/10.2478/sbe-2023-0036 | Journal eISSN: 2344-5416 | Journal ISSN: 1842-4120
Language: English
Page range: 257 - 269
Published on: Sep 20, 2023
Published by: Lucian Blaga University of Sibiu
In partnership with: Paradigm Publishing Services
Publication frequency: 3 times per year

© 2023 A. Spyros Roukanas, Vaggelis Vitzileos, published by Lucian Blaga University of Sibiu
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.