فيروس كورونا المستجد (كوفيد-١٩)
Policy responses

New financing structures that allow for greater flexibility when there are sudden fluctuations in cash availability. Always adapt to the context, best practices in one place may not be appropriate in another.

Links and references

- The impact of digital finance on household consumption - Evidence from China. https://www.sciencedirect.com/science/article/abs/pii/S0264999319310569
- China’s changing food system: top-down and bottom-up forces in food system transformations. https://www.resilience.org/stories/2020-03-11/what-the-coronavirus-in-china-shows-us-about-food-system-resilience/
- The IMF explains the economic lessons from China’s fight against coronavirus 21 Mar 2020 IMF Blog. https://www.weforum.org/agenda/2020/03/imf-economic-lessons-from-china-fight-against-coronavirus/

Pros -Prevent cash flow related interruptions in the production of food and continued access to food among households - More flexible financing mechanisms would allow previously excluded rural producers gain access to finance
Cons -Generation gap: the elderly may face difficulties in using the new platforms and payment mechanisms - Financial stimulus packages channeled through traditional financial institutions are not often innovative enough to be inclusive of previously excluded small businesses who might be the most viable producers or operators in the VC
Minimum conditions - Enabling legal framework regarding the new payment modalities - Access to technology - Government and financial institutions are willing to revise the monetary policy to allow lower interest and repayment periods lending favourable to firms
Governance All mostly fall on central and/or local Governments. In the case of logistical barriers, this may also include transporters and traders.
Other Elements Fiscal space: In cases of countries that have no fiscal space, there may be a number of additional possibilities. One is donor funding. Ethiopia is apparently trying to secure emergency WB financing. Another solution that is apparently being considered is

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