Pandemic coronavirus: EBRD has committed EUR 1 billion to support companies in 38 countries

Пандемия коронавируса: ЕБРР выделил 1 млрд евро на поддержку компаний в 38 странах

The European Bank for reconstruction and development (EBRD) on Friday, March 13, reported that under the emergency of the “solidarity Package” will allocate 1 billion euros to support companies in 38 countries of its presence. The funds will be used to counter the effects of the spread of the coronavirus SARS-CoV-2, reports with reference to DW.

“The proposals approved today by the shareholders,” the Bank said in a statement. The funding is intended to support a business that “is experiencing temporary credit problems.”

The head of the Bank Suma Chakrabarti noted that “pandemic COVID-19 and its economic implications represent an unprecedented challenge for the EBRD and the countries where it conducts operations”. According to Chakrabarti, the approved financing package is only a first step. If necessary, the Bank is ready to continue to strengthen measures and to expand the Arsenal of financing tools, he added.

The EBRD operates in the countries of Central and Eastern Europe, Central Asia and southern and Eastern Mediterranean.

On the morning of March 14 in the world identified more than 145 thousand cases of infection with coronavirus, pulmonary disease COVID-19, was caused by a coronavirus, died 5416 people. Recovered almost 71 thousand.

Earlier this week the who declared a pandemic in connection with the further spread of the coronavirus.

We will remind, in Ukraine, recorded the first death from coronavirus. As reported, the man, who was the first in Ukraine registered the presence of infection SARS-CoV-2, no pneumonia CoViD-19.