About Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

All Set To Face the Avian Flu?

by Medindia Content Team on March 14, 2006 at 3:12 PM
Font : A-A+

All Set To Face the Avian Flu?

The International Monetary Fund (IMF) said that there would be a significant damage to all those country's economy that had not set aside a plan of action against the avian flu.

The IMF is a leading global financial watchdog. It said that a pandemic would trigger sharp fall in the price of various commodities, tourism and trade would recede and lead to boycotting of work.

Advertisement

The virus is already being detected in domestic fowl in various countries. The IMF said that the business continuity planning will play a very critical component in preventing a crisis in the financial sector.

But not many countries have thought about it. This is due to the reason that avian flu pandemic may appear to be a low-probability event. But countries that had a first hand experience with the disease such as SARS, and those with large, complex financial systems such as the UK are all well-prepared.
Advertisement

The IMF staff are in the process of discussions with central banks, regulators and financial institutions to find out how prepared they were. World Bank, the sister organization to the IMF estimated that a pandemic would result in a loss of about $800bn.

This would also affect transport, payment systems and public utilities and result in risk of bankruptcy. Above all there would be more of a demand and a block in the investments.

All this would have a very bad economic impact resulting in an increase in the pressure on the government's finances. The government would end up spending on health, public safety and social welfare and its tax revenues would begin to dry up. It urged central banks to ensure there was adequate supply of cash in the economy. Once the pandemic was over the economic activity should recover relatively quickly.

Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
What's New on Medindia
Monkeypox Outbreak: What it is, How Does it Spread & the Prevention
Seasonal Allergy Medications
How to Choose the Best Eczema-Friendly Moisturizer for Children?
View all
Recommended Reading
News Archive
Date
Category
News Category

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Nervous Tic 

Most Popular on Medindia

Nutam (400mg) (Piracetam) Color Blindness Calculator Diaphragmatic Hernia Iron Intake Calculator Accident and Trauma Care Selfie Addiction Calculator How to Reduce School Bag Weight - Simple Tips Vent Forte (Theophylline) Blood Donation - Recipients Daily Calorie Requirements

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2022

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use
open close
CONSULT A DOCTOR