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Coronavirus policy response

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.

Strengthening the SME framework in Türkiye: Strategic guidance to Turkish SME agency KOSGEB

The EBRD supported Türkiye’s SME agency KOSGEB in its analysis of data to identify signs that SMEs were deteriorating financially, and how it could use that data to design more targeted assistance programmes.

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Developing local renewables supply chains in Kazakhstan

The EBRD supported Kazakhstan’s Ministry of Energy in developing local components of renewable energy supply chains with a policy aligned with international trade rules.

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Assessing Montenegro's digital maturity

The EBRD supported the government of Montenegro in assessing the level of digital maturity of the country, with a focus on business-relevant e-services. The assessment led to a set of recommendations that will enable digital transformation and will further guide policy-making.

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Supporting the digitalisation of governance in Moldova

The Covid-19 crisis has increased the demand for and use of digital services. This note summarises how the EBRD has helped the Moldovan authorities to prioritise digitalisation as part of its Covid-19 policy response while also laying the foundations for more ambitious policy work in the future.

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Assessing the Covid-19 response in Azerbaijan

The government of Azerbaijan responded to the crises in 2020 by rolling out a number of programmes to support households and businesses. The EBRD partnered with the Ministry of Economy to evaluate how efficient the emergency response to Covid-19 had been, whether the existing measures should be continued or modified, and whether additional interventions should be made to help support the post-Covid recovery.

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Enhancing the capacity of the Administration for Inspection Affairs in Montenegro

The EBRD supported Montenegro’s Administration for Inspection Affairs (AIA) in improving the AIA’s methodologies and processes through digitalisation and boosting transparency. The project helped to convince the AIA of the importance of enhanced methodologies and digitalised tools for well-functioning inspections and, thus, for the broader business environment.

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Supporting the digitalisation of public services in Serbia

The EBRD supported the government of Serbia in improving the electronic delivery (e-delivery) of interactions and services between citizens/businesses and government. The policy engagement focused on enhancing the regulatory framework to enable e-delivery as well as increasing the nationwide use of e-delivery. 

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Digital maturity assessment of Tunisian investment services

The EBRD supported the Ministry of Economy, Finance and Investment Promotion (MEFIP), the Tunisia Investment Authority (TIA) and the National Registry of Enterprises (RNE) in Tunisia in analysing the level of digitalisation of investment-related services in the country. This policy note summarises the context of the engagement and the recommended solutions at both investment management and public sector levels.

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Tourism sector support for Covid-19 recovery in Ukraine

The EBRD supported the State Agency for Tourism Development (SATD) in Ukraine in analysing the impact of the Covid-19 crisis on the tourism industry and developing a National Tourism Action Plan. This policy note summarises the results of the engagement, including solutions proposed, structural weaknesses identified and lessons learned.

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Supporting the development of remote identification in the Uzbek banking sector 

The Central Bank of Uzbekistan (CBU) is developing a remote identification system (RIS) for the country’s banking system. We teamed up with one of the world’s leading e-governance think tanks, Estonia’s e-Governance Academy, to support the Uzbek authorities.

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Covid-19 post-crisis recovery for the energy sector: views from decision-makers across the EBRD regions 

We conducted a survey of senior decision-makers in the energy sector across the EBRD region, in order to understand better how to reconcile emergency pandemic response measures with the longer-term green recovery trajectory. This note summarises respondents’ views on the impact and severity of the crisis and gives an overview of their thoughts on the prospects for recovery

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Supporting the digitalisation of Albanian SMEs during the Covid-19 crisis

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.

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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.


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.

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.

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.



We monitor economic impact and policies adopted across the EBRD regions

Coronavirus country pages: building back better

We are monitoring, country by country, the economic impact of the pandemic, the crisis response measures being taken by governments and key ongoing initiatives as part of the “building back better” agenda. These reports 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 Croatia, Czech RepublicEstonia, Hungary, Latvia, Lithuania, Poland, Slovak Republic, Slovenia
Eastern Europe and the Caucasus Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine


South-Eastern Europe AlbaniaBosnia and HerzegovinaBulgariaGreeceKosovoMontenegroNorth MacedoniaRomaniaSerbia

South and Eastern Mediterranean

Egypt, Jordan, Lebanon, Morocco,Tunisia


 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.


Green transition and the Covid-19 crisis in the EBRD regions: an overview

We provide a snapshot of trends and measures associated with the green economic transition and environment across the EBRD regions since the start of the Covid-19 pandemic.

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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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