In addition to finding the ways to protect people's health and save lives, which is the first and most important goal, the Corona virus pandemic has posed another challenge to the global and national economies - using all available resources to try and avoid a dramatic decline of economic activities, a rise of unemployment and panic reaction of the financial market actors, caused by interrupted supply and production chains, and drastic reduction of demand in numerous sectors on the global level.
An adequate response to these challenges requires coordination and cooperation among all political, businesses and social actors, and defining a set of measures for stabilizing the economy. For this reason, NALED has offered its help to the institutions of the Republic of Serbia and submitted an initiative to establish a public private dialogue among the leaders of economic policy, businesses, civil sector and the international community through urgent establishing of a joint expert group which would provide analytical and technical support to the Crisis Unit for mitigating the existing and preventing possible adverse effects of the disease on the economy.
With the aim of preserving jobs and maintaining business continuity and liquidity, as well as providing support to local communities and individuals imposed to strongest adverse impact, NALED has proposed the adoption of a set of urgent measures to be implemented during the crisis:
In cooperation with the Office for IT and eGovernment, and with the support of EBRD, NALED has already taken the steps to urgently establish a Contact center for filing reports on law breaching situations to all national inspections, with the aim of preventing the rise of shadow economy and illegal price increase for the basic food items, protective equipment and disinfection agents, groceries and medical supplies.
The listed measures stand as a preliminary proposal requiring further feasibility and impact analysis, as well as further adaption depending on further developments and the needs of businesses, local governments and citizens. We invite all members to actively engage in public policy making and submit their comments and suggestions for overcoming the crisis at the e-mail: email@example.com.