Report of the Secretary-General to the General Assembly on the international financial system and development (A/75/268)
The present report, submitted pursuant to General Assembly resolution 74/202, provides a review of the global economic and financial impacts of the coronavirus disease (COVID-19) pandemic and the response of the international financial system. It contains proposals for strengthened international cooperation and a fuller mobilization of the international safety net in support of countries in need. The report consists of five main sections: (a) the impact of the pandemic on the global economy, financial markets and capital flows; (b) the international response to the crisis and financial safety net; (c) financial policies and regulation for resilience and sustainability; (d) implementation of regulatory reforms and cross-border payment services; and (e) institutional policy coherence and governance reform.