Mr. Sheik Rahim, Fazeer (Senior Economist, Fiscal Affairs Department, International Monetary Fund)
Mr. Richard Allen (Senior Economist, Fiscal Affairs Department, International Monetary Fund)
Ms. Laura Gores (Economist, Fiscal Affairs Department, International Monetary Fund)
Officials involved in designing and evaluating fiscal policy responses to the COVID-19 pandemic and the development of dedicated COVID-19 funds.
This webinar discusses the use of dedicated COVID-19 funds as an instrument to deliver emergency response to the COVID-19 pandemic. Many countries have reprogrammed their existing budgets, activated contingency reserves, and adopted supplementary budgets. To further mobilize resources and accelerate emergency spending, many countries have also created dedicated COVID-19 extrabudgetary funds (EBFs).
The webinar examines the motivation for setting up such funds and describes a database of more than 40 funds that has been compiled by the World Health Organization (WHO), complemented by desk work from the IMF.
The presentation will give an overview of the diverse nature of such funds and discusses the risks that poorly designed funds can pose for public financial management. Finally, guidance is given on how to improve the design and management of COVID-19 funds to make them efficient, transparent, and accountable. The presentations are followed by interactive Q and A sessions.
To register for this webinar please complete the online form here by October 6, 2020 (by 12 noon, Singapore time). Only official email addresses are accepted.