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rely upon the evolution of GDP and key aggregates. Overall, the fiscal packages will very likely have vital implications for public budgets and debt levels, although their influence will range across international locations.Section 2 takes inventory of the short-term tax and monetary measures that international locations have introduced in response to the COVID-19 crisis. It covers OECD and G20 countries, as well as non-OECD non-G20 growing and emerging economies. Section 3 looks into how the brief-time period measures perform and might be tailored, providing guidance on further measures that governments might think about because the disaster and containment persist. Section four examines coverage measures that could be needed to ensure financial restoration after the health disaster abates and the containment and mitigation measures are eliminated, focusing on fiscal stimulus and strengthening resilience. Finally, Section 5 addresses financing issues and outlines options that could possibly be explored on how governments can increase revenues as soon as the financial and well being disaster has handed. Policy coordination is key to an efficient response. One lesson from the GFC is that policy action can have constructive or negative externalities throughout countries. Economic assist by some countries can create constructive feedback loops through commerce and investment links, providing

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