Official statements, analysis and resources (by IFIs, multilateral forums, governments or officials)

Date	Title (linked)	Institution / Author	Comments / Related issues
15 April 2020	Communiqué – G20 Finance Ministers and Central Bank Governors Meeting 15 April 2020	G20
14 April 2020	G24 Communique	G24	“we call on the IMF to accelerate discussions on a short-term liquidity line instrument to support EMDCs’ efforts to deal with massive capital outflows. We support IMF’s efforts to rapidly deploy resources and continue discussions on a new SDR allocation, as was done in the previous financial crisis. We continue to underscore the importance of an adequately resourced, quota-based IMF at the center of the Global Financial Safety Net.”
2 April 2020	World Bank Group Launches First Operations for COVID-19 (Coronavirus) Emergency Health Support, Strengthening Developing Country Responses	World Bank	World Bank Group’s Operational Response to COVID-19 (coronavirus) – Projects List “The first group of projects, amounting to $1.9 billion, will assist 25 countries, and new operations are moving forward in over 40 countries using the fast-track process.”
2 April 2020	Catastrophe Containment and Relief Trust : Policy Proposals and Funding Strategy	IMF
1 April 2020	Transcript of Background Briefing Conference Call on IMF Resources and the Fund’s Strategy to Help Countries Combat COVID-19	IMF
30 March 2020	UN calls for $2.5 trillion coronavirus crisis package for developing countries	UNCTAD	The package includes $1 trillion should be made available through the expanded use of special drawing rights$1 trillion of debts owed by developing countries should be cancelled this year$500 billion needed to fund a Marshall Plan for health recovery and dispersed as grants Based on the report: The Covid-19 Shock to Developing Countries: Towards a “whatever it takes” programme for the two-thirds of the world’s population being left behind
26 March 2020	Extraordinary G20 Leaders’ Summit Statement on COVID-19	G20	We will continue to address risks of debt vulnerabilities in low-income countries due to the pandemic
25 March 2020	Joint Statement from the World Bank Group and the International Monetary Fund Regarding A Call to Action on the Debt of IDA Countries	IMF and World Bank Group	Call on all official bilateral creditors to suspend debt payments from IDA countries that request forbearance
24 March 2020	Letter from the Secretary-General to G-20 Members	UN Secretary General	Debt restructuring must also become a priority — including immediate waivers on interest payments for 2020. Financial support to the IMF CCRT is another critical venue to help the poorest countries with immediate debt relief
23 March 2020	Remarks by World Bank Group President David Malpass on G20 Finance Ministers Conference Call on COVID-19	David Malpass, WBG president	– urge all official bilateral creditors to act with immediate effect to help IDA countries through debt relief  – Countries will need to implement structural reforms
23 March 2020	African Finance Ministers call for coordinated COVID-19 response to mitigate adverse impact on economies and society	UNECA	African finance ministers request: –  immediate emergency economic stimulus to the tune of US$100 billion. – waiver of all interest payments to public creditors and sovereign bonds, estimated at US$44 billion for 2020, & possible extension to medium term, – Interest and principal waiver for fragile states.
23 March 2020	This Crisis Will Change the World – for Better, or Worse	UNCTAD/Richard Kozul-Wright/Nelson Barbosa	A return to progressive tax structures, strategic industrial policies, the revival of public banks and a willingness to take on vested interests, including large pharmaceutical companies, will be required if economic recovery is to pave the way to a healthier, more inclusive and sustainable future.
20 March 2020	“An immediate human rights response to counter the COVID-19 and the global recession ahead is an urgent priority”	Juan Pablo Bohoslavsky, UN Independent Expert on the effects of foreign debt and human rights	Focusing also on household debt

Civil society statements, analysis and resources

Date	Title (linked)	Institution / Author	Comments / Related issues
24 April 2020	Socio-Economic Impact of Covid19 on the East African Community	Seatini	SEATINI – Uganda and members of the East African Trade Network (EATN) developed a discussion paper on the Socio-Economic Impact of COVID-19 on the East African Community
23 April 2020	COVID-19: A Triple Whammy for Emerging Market and Developing Economies	Madhyam	As the COVID-19 pandemic advances globally, Africa and South Asia are witnessing a surge in the number of new cases lately, and these regions could soon become its next epicenters in the coming weeks. The emerging market and developing economies (EMDEs) are facing a triple whammy ― massive capital outflows, a sudden stop in economic activity, and collapse in commodity prices ― on top of a public health crisis caused by COVID-19.
13 April 2020	FT Letter: Regulation will have a role in managing the fallout	Madhyam/Kavaljit Singh	For instance, the imposition of price-based capital control in the form of an exit tax could discourage foreign portfolio investors from pulling out money from equity and debt markets immediately. The emerging market economies could impose an exit tax initially for one year, and the tax rate could vary depending on the type and holding period of the investment. In addition to a ban on short selling, financial regulators in both advanced economies and emerging markets should review high frequency and algorithmic trading that often exacerbates the sell-off in turbulent periods.
27 March 2020	G20 Leaders’ Commitments Fall Far Short of Expectations	Madhyam/Kavaljit Singh	After their two-hour video conference, G20 leaders released a Statement on COVID-19 that fell far short of expectations. The three-page statement is long on aspirations and intentions but short on concrete plans
26 March 2020	Coronavirus: the need for a progressive internationalist response	TNI	Calls for debt cancellation besides other proposals, both at a local/national and a global level
25 March 2020	Developing and Emerging Countries Need Capital Controls To Prevent Financial Catastrophe	Academics	Capital controls should be introduced to curtail the surge in outflows, to reduce illiquidity driven by sell-offs in DECs’ markets, and to arrest declines in currency and asset prices. Implementation should be coordinated by the IMF to avoid stigma and prevent contagion. FX swap lines should be extended to include more DECs, in order to ensure access to US dollars.
25 March 2020	Coronavirus: A Seven-Point Action Plan for G20	Madhyam/Kavaljit Singh	The briefing paper outlines seven key issues for action that G20 could collectively undertake to address the public health crisis and the corresponding economic fallout of the coronavirus pandemic.

Articles and other resources

Date	Title (linked)	Institution / Author	Comments / Related issues
25 March 2020	Three ways Canada’s coronavirus funds can address both economic and climate emergencies	Queen’s University/ Kyla Tienhaara	A smart response to the COVID-19 emergency could go a long way to addressing the larger ecological crisis looming on the horizon