Businesses need immediate access to liquidity to sustain their operations, until the lockdown measures are eased.
The monetary, fiscal and regulatory changes announced have been designed to ensure that a wave of “stimulus” washes over all parts of the economy, from individuals to large corporates. Financial services is at the heart of turning this stimulus into the real economy. In sharp contrast to 2008, the industry is now cast as a key player in helping businesses and individuals get through the next few weeks and months. This paper explores how governments, authorities, banks and business leaders can think about doing just that. This requires effective combinations of economic strategy, policy design and operational and technological execution.
