ABSTRACT

Economic Impact of COVID-19: 'Implications for Health Financing in Asia and Pacific'   [open pdf - 0B]

From the Abstract: "COVID-19's [coronavirus disease 19] impact has gone far beyond its direct effect on morbidity and mortality. In addition to adversely impacting non-COVID health care utilization, the pandemic has resulted in a deep global economic contraction due to lockdown policies and declining demand and supply of goods and services. [...] Whereas there is the perception that the health sector has been flooded with new resources to respond to the pandemic, it remains unclear to what extent these have been additional and not a result of reprogramming of outlays from other areas within health. To the extent COVID-19 presents an opportunity, it is one for removing any doubts that health and the economy are inextricably linked, nudging both ministries of health and finance to reevaluate their priorities, accountabilities, and performance to sustain improvements in both population health, including for ensuring pandemic preparedness, and economic performance."

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Date:
2020-09
Series:
Copyright:
2020 The International Bank for Reconstruction and Development / The World Bank
Retrieved From:
World Bank: https://www.worldbank.org/
Media Type:
application/pdf
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