## Seven Finance & Trade Lessons from COVID-19 for Future Pandemics

_IMF Working Papers, May 20, 2022_

## Source details

**Canonical URL:** [Seven Finance & Trade Lessons from COVID-19 for Future Pandemics](https://www.imf.org/en/publications/wp/issues/2022/05/20/seven-finance-trade-lessons-from-covid-19-for-future-pandemics-517755)

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## Bibliographic details
- Authors: Ruchir Agarwal, Gita Gopinath
- Published: May 20, 2022
- Series: IMF Working Papers

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### Summary
- Pandemics and epidemics pose risks to lives, societies, and economies, and their frequency is expected to increase as rising trade and increased human interaction with animals leads to the emergence of new diseases.
- The COVID-19 pandemic teaches us that we can and must be better prepared, with scope for much greater global coordination to address the financing, supply-chain, and trade barriers that amplified the pandemic’s economic costs and contributed to the emergence of new variants.
- This paper draws seven early lessons from the COVID-19 pandemic that could inform future policy priorities and help shape a better global response to future crises.

### Main findings
- The paper emphasizes the need for much greater global coordination to address:
  - financing barriers
  - supply-chain barriers
  - trade barriers
- These barriers amplified the pandemic’s economic costs and contributed to the emergence of new variants.
- The work synthesizes seven early lessons from the COVID-19 pandemic intended to inform future policy priorities and global crisis responses.

### Policy implications and priorities
- Strengthen global coordination to address financing, supply-chain, and trade barriers.
- Improve preparedness to reduce the economic and societal costs of future pandemics.
- Use the seven early lessons identified in the paper to help shape a better global response to future crises.

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## Content in this bundle

- **Working Paper**
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  - [Working Paper (PDF)](/-/media/files/publications/wp/2022/english/wpiea2022097-print-pdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/wp/issues/2022/05/20/seven-finance-trade-lessons-from-covid-19-for-future-pandemics-517755_