LEADER 02289cam a22003975i 4500001 99131234690306421 005 20210609192010.0 006 m d 007 cr cn||||||||| 008 020129s2021 dcu o i00 0 eng^^ 024 7 10.1596/35551 |2doi 035 (CKB)4920000001214567 035 (The World Bank)35551 035 (US-djbf)35551 035 (EXLCZ)994920000001214567 040 DJBF |beng |cDJBF |erda 110 2 World Bank Group. 245 10 Supporting Firms in Restructuring and Recovery. 264 1 Washington, D.C. : |bThe World Bank, |c2021. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Other papers. 520 3 Firms and workers continue to be deeply affected by COVID-19, while the reach of policy support has been limited. Only one in four businesses surveyed across 60 countries has received any type of public support, with the share varying from more than 50 percent in high-income countries to just over 10 percent for low-income economies. The rest of this note is structured as follows. The next section presents the main impacts of COVID-19 on businesses. Section three revisits the organizing framework of the first Supporting Firm Resilience note (Freund and Mora 2020), reaffirming its relevance as the underlying methodology for analysis and guide to policy discussions with client authorities. Section four summarizes the policy responses by authorities around the world. Section five provides some early evidence on the impact of policies as well as recommendations for improving their targeting and effectiveness. Section six maps out the way forward for countries. Section seven concludes and outlines how the WBG can support. 650 4 Bankruptcy and Resolution of Financial Distress 650 4 Business Cycles and Stabilization Policies 650 4 Coronavirus 650 4 COVID-19 650 4 Finance and Financial Sector Development 650 4 Macroeconomics and Economic Growth 650 4 Microenterprises 650 4 Private Sector Development 650 4 Public Sector Development 650 4 Small and Medium Size Enterprises 830 0 Other papers. 830 0 World Bank e-Library. 906 BOOK