Public banks ready to step in to help shield economies from the impact of the Coronavirus outbreak

31 March 2020

The national and regional promotional banks and funding agencies, members of the EAPB, have taken measures in response to the Covid-19 crisis, fulfilling their role as counter-cyclical state instruments. Their high-level intervention capacities are fully available to participate actively in Europe's economic recovery. The Covid-19 Crisis has hit the global economy with unprecedented intensity. This crisis is very different from the one we witnessed ten years ago. It is spreading extremely quickly and is gradually bringing all countries to an economic halt. This crisis, which is gaining a strong foothold in major economies across the globe, especially in the United States of America, requires a rapid, reasoned and coordinated response.


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