Hope for the best prepare for the worst

Individuals infected by the Coronavirus potentially face a blow to their health and personal and economic well being.

Similarly, countries hit by a sudden and unexpected public health emergency- as Coronavirus is proving to be- can see their economies slow and their budget squeezed as they spend more to counter the impact of the virus.

At the same time, they may experience a drop in revenue from falling economic activities. Countries could also face lower export revenues due to falling tourism receipts or a decline in commodity prices.

A sudden halt in capital inflows could make the situation even worse. Together this can result in an urgent balance-of-payments need to counter the mismatch between foreign exchange inflows and outflows.

Even if an individual country is fortunate enough to escape widespread viral contagion, the spillover effects from global developments or broken supply chains may still lead to faltering economic activity.

While the physical impact of the virus will be tackled by health professionals, the IMF can help to mitigate the economic fallout from the Coronavirus. In addition to the policy and technical advice, the greatest support the IMF can provide in such emergencies is through timely financial assistance.

When the Ebola virus devastated parts of Africa- and Guinea, Liberia, and Sierra Leone suffered significant humanitarian and economic hardship- the IMF provided concessional emergency assistance of US $378 million to these three countries, a total of 2.3% of their combined GDP.

Under the IMF’s two emergency financing instruments- the Rapid Credit Facility and the Rapid Financing Instrument- Member countries can receive financing to respond to shocks, including large natural and health disasters.

The benefits of these two leading vehicles are their size, their speed, and their flexibility. In contrast, to fund programs that provide financing over time, disbursements under these two instruments are one-off payments meant to cover an urgent balance of payments needed and not subject to traditional IMF conditions.

The country has to only demonstrate that its debt is sustainable and make a commitment to economic policies that help overcome it.

COVID Testing

Comments

COVID Testing Center Near Me, Get Tested and Results in 48 to 72 Hours

If you have COVID-19 symptoms, you will need to consult a doctor and possibly undergo COVID testing . Here's how to find the test location. There are 2 types of tests are available for COVID Testing: A viral test tells you if you have a current infection. An antibody test can tell you if you had a previous infection. When should you get tested? Scientists are not sure of the answer to this question yet. The incubation period - the period between receiving the infection and showing symptoms - can be up to 14 days. Learn more about how long it takes for the symptoms of COVID-19 to appear. Current advice is that anyone who has COVID-19 symptoms or is in close contact with someone who has tested positive for the SARS-CoV-2 virus should be tested. Symptoms include: Fever or chills cough Sore throat Excessive fatigue Difficulty breathing Headache Body ache muscle aches Loss of taste or smell Runny or stuffy nose nausea and vomiting Diarrhea People who have symptoms of Coronavirus like a...

What is the importance of Vitamin D in human body?

As we know The human body produces vitamin D as a reaction to sun exposure. A person can also increase his vitamin D intake through certain foods or supplements. Vitamin D deficiency is being found in most people nowadays. Because we do not try to get this essential vitamin. While vitamin D is the easiest to obtain. As soon as you are exposed to sunlight or your skin is exposed to sunlight, the process of manufacturing vitamin D in your body starts. Importance of vitamin d in the human body Vitamin D is actually a group of fat-soluble pro-hormones that gather in body fat. The role of vitamin D is very important in maintaining calcium and phosphorus levels in our body. Vitamin D serves as a steroid to transport calcium from the hands to the bones. Types OF Vitamin D Vitamin D can be divided into 5 parts - Vitamin D-1, Vitamin D-2, Vitamin D-3, Vitamin D-4, and Vitamin D-5. All these vitamins contribute greatly to the health of our body. Vitamin D also plays an important role ...

Importance of AI in Medical Billing and Coding

Republic of American Hospitals in medical billing and coding. Reducing profit margins, lowering reimbursement rates and uncertainties of healthcare reform have made the hospital a very risky business. At Genesis RCS , consolidating small, rural hospitals into a larger system has helped save many struggling hospitals, but others have continued to lose money despite their best efforts to cut costs. In fact, between 2010 and 2018, 83 rural hospitals stopped providing inconsistent care - a much-needed service to most communities. With an aging population, how can we save our struggling health system to ensure that patients have access to the services they need to stay healthy? Experts have spent the last decade looking for answers without much promise. While many believe that we need a miracle to solve this mess, which is to make us work smart for healthcare organizations, not hard. AI to be liberated in medical billing and coding? To accomplish this, many organizations have tu...

GenesisDx

Search This Blog