AFI Members Mitigate COVID-19 With Policy Responses

AFI member institutions are taking immediate action to ease the financial burdens faced by individuals and small businesses as economic activity decelerates amid the global coronavirus outbreak. Eighty member institutions are supporting the users and providers of financial services through measures including stimulus packages, loan restructuring and fiscal policy changes, as of 1 April, 2020.

Sub-Saharan Africa - the region with the most AFI members – has seen 33 financial regulators implement measures that respond to the COVID-19 outbreak, the highest number so far. This is despite having among the lowest number of confirmed cases. Latin America and the Caribbean comes in second place with 13, followed by South Asia at 10.