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
The EBRD, through its role in the Investment Council, is supporting the Albanian government in the effort to stimulate the digitalisation of SMEs. The engagement covers an assessment of current SME access to ICT, as well as the creation of an online platform to better inform SMEs about existing financing and support opportunities.
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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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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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.
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EBRD Region |
Economy |
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Central Asia
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Central Europe and Baltic States
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Eastern Europe and the Caucasus |
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South-Eastern Europe |
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South and Eastern Mediterranean |
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Other |
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.
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We analyse case studies of policy responses across the globe
We summarise major policies put in place by Chinese authorities to support small and medium enterprises and discussing important lessons for other countries.
