The top priority for governments has been to buffer the economic shock and manage public balance sheets through fiscal programs, which has generally worked well. However, the programs were too focused on their own domestic economy. There has been an increase in poverty everywhere as more people have fallen below the poverty line. Governments therefore need to restore employment by transitioning people back to the workforce, especially for the young in society trying to enter the jobs market with fewer jobs available. There is a capacity issue in some of the vulnerable countries. These countries must borrow in hard currencies, not their own currency which presents risks.
These countries need concessionary lending and aid from the big powerful economies to provide the necessary medical and financial support.