COVID-19 pandemic - Page 22

Emerging and Frontier Markets: Policy Tools in Times of Financial Stress

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After the unprecedented hit to economic activity in emerging market economies from the COVID-19 pandemic, their economic output is projected to shrink by 3.3 percent in 2020. Central banks across emerging markets responded swiftly and forcefully with an unprecedented response of their own. They did this by using a variety of policy tools and, to a

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Coronavirus response: €1 billion of EU Cohesion policy to support Portugal’s recovery

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The European Commission has approved the modification of 10 operational programmes in Portugal, redirecting a total of more than €1 billion of EU Cohesion policy funds, namely the European Regional Development Fund (ERDF), the Cohesion Fund (CF) and the European Social Fund (ESF). Along with a temporary increase of the EU co-financing rate to 100% for Cohesion policy projects tackling the

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