Priorities for Saving the Private Sector
With investment plummeting across the developing world, governments urgently must extend assistance to the private sector to ensure a strong recovery when the time comes. Given that resources are strained, policymakers should approach the problem with three guiding principles in mind.
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WASHINGTON, DC – For most countries, navigating the protracted economic slump brought on by COVID-19 is starting to look more like a marathon than a sprint. According to our estimates at the International Finance Corporation (IFC), domestic private investment and foreign direct investment in emerging economies will fall this year by almost $700 billion and $250 billion, respectively, and may not return to pre-crisis levels until 2023.