ASEAN, OECD release policy insight on boosting resilience of MSMEs amidst COVID-19 pandemic
JAKARTA, 27 June 2020 – In commemorating the International MSME Day, the ASEAN Coordinating Committee on Micro, Small and Medium Enterprises (ACCMSME) and the Organisation for Economic Cooperation and Development (OECD) released a Policy Insight on boosting MSME resilience during the COVID-19 pandemic.
ASEAN Member States (AMS) have made laudable efforts to strengthen the resilience of their enterprises in response to the COVID-19 crisis. The report aims to track and analyse measures taken by AMS to mitigate the economic impact of COVID-19 on businesses, particularly MSMEs. It also proposes some possible ways forward, drawing upon lessons learnt and success stories collected from OECD and partner countries.
The report highlights the various measures being taken across the region in an accessible way. It is one of the ACCMSME’s contributions in support of the ASEAN Leaders’ Declaration of the Special ASEAN Summit on COVID-19 and ASEAN Economic Ministers’ Statement on strengthening ASEAN’s economic resilience in response to the outbreak of COVID-19, which commit to help people and businesses survive and recover from the crisis, through cooperative action. [FULL STORY]