Policy session: Lessons from SME support during the crisis
Apr 28, 2022 | 9:00 AM - 10:30 AMMain room
Apr 28, 2022 | 9:00 AM - 10:30 AM
Main room
Description
To combat the economic impact of measures aimed to curtail COVID-19, countries rolled out unprecedented policy responses to support viable firms facing extraordinary – but temporary – challenges. While support measures were aimed to bridge the gaps arising from firms having to close operations or facing significant falls in revenue during COVID-19, there are lessons to be learned for SME policy going forward. What are the measure that were put in place in this crisis that can be applied to SME support in the post-COVID-19 environment? What will be the consequences of debt build-ups for SMEs as support measures are unwound? What needs to be done to mitigate a sharp increase in SMEs bankruptcies?
