Publication:
Turkish Cypriot Economy, March 2021: Impact of the COVID-19 Pandemic – A Path to Building Back Better

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2021-05-17T18:53:27Z
dc.date.available2021-05-17T18:53:27Z
dc.date.issued2021-03
dc.description.abstractThe special topic of this edition of the Macroeconomic Monitoring report focuses on the TC administration’s ‘public’ financial support to the agriculture sector. Due to the Turkish lira depreciation, the recent adverse climate conditions, and exacerbated by the COVID-19 crisis, the agriculture sector suffered significantly in 2020. However, the severe impact on the sector was also the result of several long-standing inefficiencies and low productivity. Financial support from the central budget for agriculture comes at a significant fiscal cost to the overall TC economy, while at the same time agricultural productivity has been stagnating. The COVID-19 pandemic has served to exacerbate these existing challenges through disruptions along the food value chain. These problems have affected small-sized farmers the most, given that they are the most vulnerable to income shocks and higher retail prices. Reforming the subsidy system for agriculture could help generate greater fiscal space in the medium term, and also help foster economic diversification and enhance productivity.en
dc.identifierhttp://documents.worldbank.org/curated/en/774861620796239281/Turkish-Cypriot-Economy-Impact-of-the-COVID-19-Pandemic-A-Path-to-Building-Back-Better-Special-Issue-Improving-the-Effectiveness-of-Public-Funds-in-Agriculture
dc.identifier.doi10.1596/35588
dc.identifier.urihttps://hdl.handle.net/10986/35588
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectCURRENT ACCOUNT
dc.subjectFISCAL TRENDS
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.subjectPOLICY RESPONSE
dc.subjectJOBS
dc.subjectENTERPRISE SURVEY
dc.subjectINEQUALITY
dc.subjectECONOMIC RECOVERY
dc.subjectAGRICULTURE
dc.subjectPUBLIC SUPPORT
dc.titleTurkish Cypriot Economy, March 2021en
dc.title.subtitleImpact of the COVID-19 Pandemic – A Path to Building Back Betteren
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleTurkish Cypriot Economy, March 2021
okr.date.disclosure2021-05-12
okr.date.doiregistration2025-05-07T11:03:03.684610Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/774861620796239281/Turkish-Cypriot-Economy-Impact-of-the-COVID-19-Pandemic-A-Path-to-Building-Back-Better-Special-Issue-Improving-the-Effectiveness-of-Public-Funds-in-Agriculture
okr.guid774861620796239281
okr.identifier.externaldocumentum090224b0885aa375_1_0
okr.identifier.internaldocumentum33068418
okr.identifier.report159010
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/774861620796239281/pdf/Turkish-Cypriot-Economy-Impact-of-the-COVID-19-Pandemic-A-Path-to-Building-Back-Better-Special-Issue-Improving-the-Effectiveness-of-Public-Funds-in-Agriculture.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryCyprus
okr.themePublic sector governance :: Public expenditure, financial management and procurement
okr.topicAgriculture::Agricultural Sector Economics
okr.topicHealth, Nutrition and Population::Disease Control & Prevention
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Inequality
okr.topicSocial Protections and Labor::Employment and Unemployment
okr.topicPublic Sector Development::Public Sector Expenditure Policy
okr.unitMacroeconomics, Trade and Investment Global Practice
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