December 3rd, 2020 
In this term paper, you will pick one developing country and examine 1) the economic effect of
the virus on various sectors 2) economic measures (fiscal and monetary policy) that the
government of the country is taking to prevent the economy from falling into deep recession 3)
the possible effects of those measures and the challenges that the country faces (such as lack of
fiscal space etc.) 4) your take on how to handle the crisis and how to best address the tradeoff
between lives and livelihoods.
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