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Policy support can help firms weather COVID-19, but reach and targeting must be improved Photo: Dominic Chavez / IFC Firms and workers continue to be deeply impacted by the COVID-19 pandemic as it enters its eleventh month. Building on insights from COVID-19 Business Pulse Surveys, the first blog post in this series described the implications of the crisis for firm sales, employment, and financial performance, while the second discussed record levels of uncertainty and firms’ coping strategies, including adoption of digital technology. This third and final part of the series focuses on public policy responses. While developing countries acted rapidly to support firms, their response is a small fraction of what has been provided in high income countries. Since the onset of the crisis, governments in 135 countries have implemented 1,600 measures directly aimed at supporting firms and SMEs, of which 995 were in developing countries. More than three quarters of these mea ....