IIF Announces 5-Step Policy Response Plan for COVID-19

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The Institute of International Finance (IIF), which represents more than 450 financial institutions from approximately 70 countries,  has worked with the private and official sectors for almost forty years to analyze and consider policy approaches that can address economic and financial crises – whatever the trigger.

While each crisis is different, there are some hardy perennials; perhaps most importantly, we live in an integrated global system, and thus a globally integrated approach will be most effective.  For instance, one of the most forceful parts of the global response to the Global Financial Crisis (GFC) in 2008 was the G7 coming together and releasing a short, blunt, coordinated and action-oriented statement – backed by actual policies.

With this lesson in mind, the IIF has identified an action plan comprised of the following five elements:

  • Domestic Stimulus
  • Dollar Liquidity
  • World Bank and Regional Development Banks
  • Trade Protectionism
  • G20

No one action can turn the tide, but international coordination will prove crucial to limiting the damage.

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IIF Announces 5-Step Policy Response Plan for COVID-19 - Brand SpurIIF Announces 5-Step Policy Response Plan for COVID-19 - Brand Spur

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IIF Announces 5-Step Policy Response Plan for COVID-19 - Brand SpurIIF Announces 5-Step Policy Response Plan for COVID-19 - Brand Spur

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