IMF has said the COVID-19 pandemic has caused major pain for small and medium enterprises (SMEs), especially those in the hardest-hit industries like hotels, restaurants and entertainment.

The New International Monetary Fund staff research has found that government support in the form of equity-like measures targeting viable but insolvent firms could be more effective than across-the-board support. Dedicated mechanisms to help SMEs restructure debt would also help. Read more here:



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