Webinar: Mitigating Long-lasting Impacts from COVID-19
The International Monetary Fund (IMF), in collaboration with the Policy Center for the New South and The National, hosted a virtual panel on mitigating the long-lasting impacts from COVID-19 in the Middle East and North Africa with the participation of a number of experts and interested parties along with UASA’s General Secretariat represented by the Secretary General.
The webinar discussed the unprecedented economic crisis that has resulted from the COVID-19 pandemic threatens to inflict long-lasting damage to economies in the Middle East and North Africa, particularly given the region’s pre-existing vulnerabilities. It also discussed the impact of lockdowns on services, the relatively weaker financial position of the region’s firms, and the possibility of persistently higher unemployment and worsening poverty and inequality could all contribute to a scenario where the economic fallout from the pandemic casts a shadow over the next decade in the region. But with the right mix of policies, countries can mitigate widespread damage and put themselves on a path to building stronger, more resilient and inclusive economic futures. The webinar also addressed the many facets of the challenges ahead and how countries can take steps to mitigate long-lasting impacts from the crisis and lay the foundation to rebuild back stronger.