The COVID-19 pandemic has pushed the global economy into a multisectoral crisis. The situation demanded that nation states respond swiftly by formulating funding mechanisms. However, most economies lacked adequate funds for the pandemic response, which led to the international financial institutions’ involvement in the response and recovery operations. This article delves into the various measures taken by the IFIs during the pandemic by inspecting them through a theoretical lens of liberal institutionalism, which emphasises collective and coordinated action.
