Commissioner for Neighbourhood and Enlargement Negotiations Olivér Várhelyi said: ”These are very difficult times not only for the EU, but for our partner countries, such as Belarus, as well. We have to do what we can to mitigate the impact of the Coronavirus outbreak on human lives and livelihoods. Today’s package responds both to the immediate needs of the health systems, as well as a longer term needs to the most vulnerable groups in society and small and medium-sized enterprises, which are the backbone of the economies in the six countries”.
Responding to immediate needs:
Support to Belarus’ economy, notably small and medium-sized enterprises (SMEs):
The European Union is working closely with International Financial Institutions (IFIs) and relevant financing institutions from EU Member States as TEAM EUROPE providing a coordinated European response for the real economy, including SMEs, in particular through:
- Launching of a new regional support programme of €100 million to help SMEs, including self-employed and others to easily access credit and boost their businesses after the crisis.
- Facilitating, simplifying, accelerating, and reinforcing €200 million worth of existing credit lines and grants to SMEs in local currency including through its EU4Business Initiative;
- In addition, in the current crisis the EU has mobilised its major de-risking instrument worth €500 million, the European Fund for Sustainable Development (EFSD). This will rapidly provide liquidly and can be urgently deployed by IFI partners to facilitate the provision of liquidity in the EU’s Neighbourhood including through working capital, trade finance, or moratoria on debt service.
The European Union also stands ready to provide assistance to Belarus through TAIEX, its peer to peer instrument, by using EU Member States expertise, experience and examples of good practice on assessing emergency preparedness response scheme and health systems.
The outbreak of COVID-19 has accelerated spread of myths and disinformation around it– coming from various sources both within and outside of the European Union. Learn more in the report on Disinformation on the coronavirus.
Information on the European Union’s coordination of a common European response to the outbreak of COVID-19 click here.
See also
Coronavirus: The European Union stands by its Eastern partnersFactsheet: The EU's response to the coronavirus pandemic in the Eastern Partnership