Europe and Central Asia: Health Systems, Safety Nets, and Support to Businesses All Critical to Protecting Lives and Livelihoods

WASHINGTON, 8 April 2020 – Decisive policy measures that prioritize investments in medical-appointment-doctor-healthcare-clinic-health-hospital-medicine[7]health care systems and provide safety nets for people, especially the most vulnerable, are critical to mitigating the impacts of the COVID-19 (coronavirus) pandemic in Europe and Central Asia, says the Spring 2020 Economic Update for the region.

In addition, countries in the region can help sustain economic activity by supporting the private sector with temporary business credits, tax cuts, or tax payment deferrals. Small and medium enterprises that are impacted could benefit significantly from targeted government subsidies.

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Lifelines for Better Development

STORY HIGHLIGHTS Image

  • Resilient infrastructure is about people. Particularly in developing countries, infrastructure disruptions are an everyday concern that affects people’s well-being, economic prospects, and quality of life.
  • There is a significant economic opportunity from investing in resilient infrastructure: the overall net benefit of doing so in developing countries would be $4.2 trillion over the lifetime of new infrastructure.
  • For infrastructure investors, governments, development banks and the private sector the message is clear: rather than just spending more, also spend better