EBRD helps in tackling crisis

The Covid‐19 pandemic and its economic consequences present an unprecedented challenge to Greece and the world. The European Bank for Reconstruction and Development (EBRD) has established an emergency 1-billion-euro "Solidarity Package" of measures to support its economies. This resilience framework of new funding has been designed for its existing clients, comprising emergency liquidity, working capital and trade finance.

This is only a first step, as the bank stands ready to further scale up its response, and is taking active and urgent steps to review, adjust and expand its financing instruments, in partnership with its countries of operations, partner international financial institutions (IFIs) and the international community. The EBRD will do whatever is required to support businesses in Greece and beyond.

The bank's efforts are focused on small businesses, which...