The European Bank for Reconstruction and Development (EBRD) on Thursday said it aims to accelerate its support for companies against the coronavirus pandemic.

The EBRD, active in 38 emerging economies with its investments, is planning to announce a package of measures, the bank said in a statement.

The bank’s movement is expected to create a “resilience framework” for existing clients by providing emergency short-term liquidity, working capital and trade finance.

Noting that companies suffered from the effects of the pandemic, it said: “The response will put a premium on providing a rapid response to the needs of companies.”


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