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FDC / Responding to COVID-19 – Recommendations for microfinance stakeholders in Asia, 2020

Responding to COVID-19 – Recommendations for microfinance stakeholders in Asia, 2020

Governments, industry and communities are endeavouring to combat the spread and impact of COVID-19 with daily announcements on policies and budgetary packages to stem the impact on human life and lessen COVID-19’s economic consequences. However, microfinance providers directly supporting the poor and those in the informal economy, are not always recognised in these measures, even though people at the base of the economy represent a substantial proportion of the population in most countries and are highly vulnerable to the impacts of COVID-19. This report identifies priority policy and budgetary recommendations for stakeholders to support poor and vulnerable communities and sustain the essential role of microfinance intermediaries in responding to COVID-19, and is based on best available information as at 30 April.