A key role of government is to protect the well-being of its people—most crucially and visibly during emergencies such as the recent outbreak of the coronavirus. The IMF has $50 billion available in rapid-disbursing emergency financing to help countries suffering from the virus. Expand and extend transfers—both cash and in-kind, especially for vulnerable groups. China is accelerating payments of unemployment insurance benefits and expanding social safety nets. Korea is increasing job seeker’s allowances for young adults and expanding them for low-income households. Provide tax relief for people and businesses who can’t afford to pay. China is easing the tax burden for firms in the most vulnerable regions and sectors, including transportation, tourism, and hotels. Korea is providing income and VAT tax extensions to businesses in the affected industries. China, Italy , and Vietnam are offering tax extensions to cash-strapped businesses. Iran is simplifying taxation for corporations and businesses. China is allowing for a temporary suspension of social security contributions for firms.