The COVID-19 pandemic presents one of the largest challenges to governments seen in the current century. As a result of the unprecedented fiscal interventions being deployed by governments worldwide, the effects of the pandemic will be felt on government finances both immediately and in the long-term.

To help governments and other interested stakeholders understand the impact of government interventions at different points in time, IFAC and the Zurich University of Applied Sciences (ZHAW), in partnership with the International Public Sector Accounting Standards Board (IPSASB), developed COVID-19 Intervention Assessment Tool. The Tool provides an immediate way of evaluating the economic impacts of current and planned policy initiatives, which can be used independently of any given jurisdiction’s public sector accounting basis.

The main objective of this virtual workshop was to: (i) present and discuss the approach and key features of the tool; (ii) exchange experience of PULSAR and FOCAL country members in assessing and reporting COVID-19 impact; (iii) explore opportunities for practical use of the tool in PULSAR and FOCAL.

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