Addressing the Economic Impacts of the COVID-19 Crisis in South Asia through Universal Lifecycle Transfers

The COVID-19 pandemic has triggered a truly global shock: the necessary measures taken to control the spread of the virus have resulted in a major economic and human crisis. The crisis is unprecedented and requires unprecedented measures. By providing families with cash so that national consumption is increased, a fiscal stimulus should enable countries to lower the depth of any recession and, importantly, strengthen the speed of their economic recovery with the potential for higher economic growth.