Front Matter
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International Monetary Fund
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Abstract

This paper, prepared by a working group of IMF staff, provides a preliminary assessment of the risks and potential impact to the global economy and financial system from a possible avian flu pandemic, discusses the IMF’s role in helping member countries prepare their economic and financial systems for such a pandemic, and summarizes common elements of business continuity planning in the financial sector

INTERNATIONAL MONETARY FUND

The Global Economic and Financial Impact of an Avian Flu Pandemic and the Role of the IMF

Prepared by the Avian Flu Working Group1 (in consultation with Departments and the Joint Bank-Fund Health Services Department)

Approved by Mark Allen

February 28, 2006

Contents

  • I. Introduction

  • II. Potential Global Economic and Financial Impact

  • III. Public Policy Issues and the Role of the Fund

    • A. Business Continuity Plans

    • B. Macroeconomic Policy Response

    • C. Fund Financing

  • Text Boxes

  • 1. The 1918 Spanish Flu

  • 2. Country Preparedness and Business Continuity Planning

  • 3. Fiscal Implications of an Avian Flu Pandemic

  • Attachment

  • 1. Preparations for an Avian Flu Pandemic: Distillation of Common Elements in Business Continuity Planning for Financial Systems

  • Appendix

  • 1. Selected Website Information on Preparedness for a Pandemic Influenza

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