Policy Options for Supporting and Restructuring Firms Hit by the COVID-19 Crisis

Araujo, Juliana Dutra/ Garrido, Jose M/ Kopp, Emanuel

International Monetary Fund (IMF)（2023/12発売）

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製本 Paperback:紙装版/ペーパーバック版／ページ数 78 p.
言語 ENG
商品コード 9781513593463
DDC分類 338.542

Full Description

This paper presents principles that could guide the design of more targeted policy support and facilitate the restructuring of firms adversely impacted by the COVID-19 pandemic. To this end, the paper takes stock of vulnerabilities and risks in the enterprise sector and assesses countries' preparedness to handle a large-scale restructuring of businesses. Crisis preparedness of insolvency systems is measured according to a newly designed indicator that includes five dimensions of the insolvency and restructuring regime (out-of-court restructuring, hybrid restructuring, reorganization, liquidation, and the institutional framework). Vulnerabilities tend to be more pronounced in jurisdictions with shortcomings in crisis preparedness, and those countries need to step up efforts to improve their insolvency systems.