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Efficacy of COVID-19 Macroeconomic Policy Responses in Uganda
From the Abstract: "COVID-19 [coronavirus disease 2019] has caused an unprecedented economic and health shock in Uganda, as has been the case globally. After the World Health Organization announcement that COVID-19 was a global pandemic, the government of Uganda undertook decisive measures to abate the spread of the virus through adopting COVID-19 containment measures. Also, in anticipation of the distortionary effects of COVID-19 on Uganda's economy through the external and domestic effects channels, the government adopted an expansionary fiscal and monetary policy alongside financial sector interventions. Fiscal policy interventions involved the following: tax relief measures; government expenditure through extending seed capital to vulnerable groups; strengthening health systems; enhancing the supply of agriculture inputs through the use of e-vouchers; banning the disconnection of users from utilities such as water and electricity; and payment of domestic arrears, among others. Monetary policy interventions included reducing the central bank rate (CBR) to 7%, its lowest level since inception in 2011. Financial sector intervention involved credit relief, asset quality support and liquidity support measures alongside supporting a reduction in mobile money charges. As such, this paper explores the macroeconomic impact of COVID-19 on Uganda's economy, the macroeconomic policy choices undertaken and, finally, inclusiveness and viability of the various macroeconomic policy choices undertaken."
International Development Research Centre (Canada); Centre for the Study of African Economies; South African Institute of International Affairs
Mike Okumu, Ibrahim; Kavuma, Susan N.; Bogere, George
2021?
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In the COVID-19 Era: An Urgent Need for Change Evidence Review of the Global Childcare Crisis and the Road for Post-COVID-19 Recovery and Resilience
From the Introduction: "This paper provides a review of the different pathways through which COVID-19 [coronavirus disease 2019] is impacting the global childcare crisis and recommends a series of policy options and measures that could be explored in different contexts by governments, the private sector, and other key development actors, with a focus on low- and middle-income countries (LMICs). In doing so, it highlights emerging trends and gaps in country responses and documents existing examples and promising practices that could be replicated or scaled-up. The analysis undertaken is grounded in evidence of known or promising solutions to address the childcare crisis, COVID-19 specific fiscal and implementation challenges that need to be taken into account, what new innovations are most promising and can be put to scale, and what lessons can be applied from responses to past emergencies and epidemics."
International Development Research Centre (Canada); Bill & Melinda Gates Foundation; Growth and Economic Opportunities for Women . . .
Grantham, Kate E.; Rouhani, Leva; Gupta, Neelanjana . . .
2021
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