Coronavirus policy response

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The coronavirus (Covid-19) pandemic is having a profound and deeply damaging impact on the countries where the EBRD works, posing enormous challenges for policymakers across all our regions. Policy advice has always been a vital part of the EBRD’s toolbox to support governments and the private sector.

During the crisis, the EBRD can help protect the economy and promote further transition not only through our investments but also by providing governments and other state institutions with high-quality, straightforward and usable policy advice. 

This coronavirus policy response centre serves as the analytical part of the EBRD’s Covid-19 policy response. We present the different ways we support the authorities in our countries of operations in designing measures to cope with the immediate disruption of the coronavirus crisis.

We also provide an up-to-date overview of the crisis-response policies adopted in the EBRD regions, as well as analysis of best practices and policy options in the countries where we work and in other selected EBRD shareholder countries.

The analysis here complements our work on the economics of the coronavirus.

 

We support governments in their coronavirus policy response

Safe reopening of the tourism sector in Jordan
We helped the Ministry of Tourism and Antiquities in Jordan to set up the Standard Operating Procedures for enterprises in the tourism sector to resume operations in light of Covid-19 pandemic, and have trained more than 8,000 employees on relevant health and safety measures.
 
Covid-19 stress tests for the energy sector in Uzbekistan
EBRD supported the Uzbek authorities in running financial stress tests of the country’s main energy enterprises to see how they would cope with the Covid-19 crisis. The note presents the results, which highlight the need to continue pursuing energy sector reform programme, and suggests potential policy responses.
 

Supporting SME access to finance amid the Covid-19 crisis
A number of countries have introduced or scaled up state credit guarantee schemes to mitigate urgent liquidity problems and stimulate an economic recovery. Our policy note highlights the design and implementation aspects of these schemes.
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Fighting informality in the time of coronavirus: Enhancing business inspections in Serbia
Business inspections are an important mechanism for maintaining fair and equal conditions for all market participants, and are even more relevant during crisis periods, when the informal economy tends to increase. This policy note highlights the EBRD’s contribution to tackling problems associated with the informal economy in Serbia.
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Advising national policy actions to support workers and enterprises during the pandemic crisis in the Western Balkans
The International Labour Organization and the EBRD have joined forces to respond to the coronavirus crisis in the Western Balkans by assessing the impact of the crisis on the region’s labour markets and employment and advising the authorities on policy actions to support workers and enterprises. This note highlights some of the lessons learned so far.
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Insolvency and Debt Restructuring
We have joined forces with UNCITRAL, IDLO, INSOL Europe and INSOL International and is cooperating with the European Commission on an insolvency assessment on business reorganisation and is actively seeking stakeholder responses to a questionnaire that will help policymakers to identify reforms necessary to support businesses
 
The EBRD has also proposed a number of  financial restructuring and insolvency policy initiatives for the EBRD regions to complement the emergency financial assistance provided by national governments and the international community.
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We monitor policies adopted across the EBRD regions

Coronavirus country pages
We are monitoring, country by country, the economic channels of disruption associated with the pandemic and the crisis response measures taken by individual governments to date. These reports below are live documents compiled by our regional economists and will be updated regularly.

EBRD Region 

                                 Economy

Central Asia

Kazakhstan, Kyrgyz Republic, Mongolia, Tajikistan,

Turkmenistan, Uzbekistan

 

Central Europe and Baltic States

 

CroatiaEstonia, Hungary, Latvia, Lithuania,

Poland, Slovak Republic, Slovenia

Eastern Europe and the Caucasus

Armenia, Azerbaijan, Belarus, Georgia,

Moldova, Ukraine

South-Eastern Europe

AlbaniaBosnia and HerzegovinaBulgariaCyprusGreece

KosovoMontenegroNorth MacedoniaRomaniaSerbia

South and Eastern Mediterranean

Egypt, Jordan, Lebanon, Morocco,Tunisia

Other  

 Russia, Turkey

EBRD Policy Comparator
Building on our coronavirus country pages, we list the most used policy approaches adopted to fight repercussions of the coronavirus across our countries of operations, and we publish a database of implemented policies, country by country.
 
Romania and the coronavirus: shock, response and recovery 
We analyse in details the effects of the pandemic on the Romanian economy, the authorities' response to the crisis and the potential for recovery.
 
Moldovan economy and coronavirus: impact and recovery 
We analyse the main channels of coronavirus impact on the economy, look at the initial response of the Moldovan government, and lay out opportunities arising from the crisis.
 
How the renewable energy industry is battling the impact of coronavirus 
The pandemic has raised fears that the struggle for economic recovery could slow down global efforts to develop green renewable energy and move to a carbon-neutral future. We look at some of the projects that went ahead with EBRD support despite the disruption, and we highlight policies put in place to ensure their success.
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We analyse case studies of policy responses across the globe 

Support for SMEs in the COVID-19 crisis: the case of China
We summarise major policies put in place by Chinese authorities to support small and medium enterprises and discussing important lessons for other countries.
Support for SMEs in the Covid-19 crisis: the case of the Republic of Korea
This note examines the measures taken in Korea to contain the economic damage caused by the Covid-19 pandemic, focusing on the support provided to small and medium-sized enterprises.

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