The Post-COVID-19 Recovery Bonds

Abstract

The idea to propose the Post-COVID-19 Recovery Bonds (P-C19-R-Bonds) is to find new financial sources to support the post-COVID-19 socio-economic reconstruction with local funds from any government. This type of bond avoids more external debts and generates macroeconomic financial stability and sustainability in the short and long run. The main objective is to collect financial resources from local citizens such as domestic savings, employer’s providence funds, and domestic firm investments. The Post-COVID-19 Recovery bonds are searching to keep safe the domestic savings and micro-macro financial stability to reduce the damage of COVID-19 and prevent a possible deep economic recession in the short run and an economic depression in the long run.