COVID-19 and the Finance Sector in Asia and the Pacific: Guidance Note (COVID-19 in Asia and the Pacific Guidance Notes)

Summary

This publication highlights short-term actions that can mitigate pressures and medium-term policy considerations for finance sector resilience in the post-COVID-19 period.

The guidance note examines the effects of the coronavirus disease (COVID-19) on real economies and the measures taken to ease the impact. It notes risks to financial stability, such as an anticipated rise in nonperforming assets. Its recommendations include establishing a framework for epidemic risk financing, buttressing financial stability and macroprudential measures, developing insurance markets for risk sharing and transfer solutions, improving SME financing, and fostering digital transformation.