COVID-19 and the Finance Sector in Asia and the Pacific

<p>This publication highlights short-term actions that can mitigate pressures and medium-term policy considerations for finance sector resilience in the post-COVID-19 period.</p><p><br></p><p>The guidance note examines the effects of the coronavirus disease (COVID-19) on real economies and the measures taken to ease the impact. It notes risks to financial stability such as an anticipated rise in nonperforming assets. Its recommendations include establishing a framework for epidemic risk financing buttressing financial stability and macroprudential measures developing insurance markets for risk sharing and transfer solutions improving SME financing and fostering digital transformation.</p>