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Government and institution measures in response to COVID-19.

Government and institution measures in response to COVID-19.

Return to homepage  |  Last updated: 28 April, 2020

Economic stimulus measures

(e.g. loans, moratorium on debt repayments…)

Monetary and macro-financial

  • The central bank moved immediately to ease conditions in the financial system, including reducing the refinance and reference rates, lowering reserve requirements on domestic currency deposits, easing loan repayment obligations for three months, and suspending fees in the interbank payment system.
  • The authorities launched a public health preparedness plan for containment and treatment; they plan to boost some social programs, and are also considering additional health care and security spending, as well as transfers to support workers and households, including supporting wage payments temporarily in some sectors. Altogether, spending should increase by 1.6 percent of GDP, of which 0.4 percent of GDP on healthcare, 0.2 percent of GDP of dry food rations and 0.8 percent of GDP on transfers.

Other measures and sources

Main sources of information