COVID-19: International Monetary Fund launches Government Policy Tracker

The International Monetary Fund recently launched the “IMF Policy Tracker”. The platform will provide all the key economic responses launched by Governments all over the world to fight against Corona Virus.

Highlights

Currently, the virus has spread to almost all parts of the world and the measures taken by the Governments to tackle the situation might become inadequate. The platform thus will help fill in gaps and learn from each other’s experience. It will also help governments adopt successful innovate approaches implemented on other parts of the world.

Significance

The tracker is to be updated based on the press release of the IMF Communication Department.

Key Features of the Tracker

The tracker will summarize key economic measures taken by the governments in different parts of the world. The tracker claims that it cannot be used for comparisons of measures in different countries. Rather, the tracker is to be used to learn the adaptations. This is because, policy responses vary based on the nature of the crisis.

Month: Current Affairs - March, 2020