The Japan International Cooperation Agency (JICA) is providing 5 billion JPY (approx. 64 billion MMK) low-cost financing with terms and conditions favorable to SMEs to support the continuation of their business activities amid the severe economic situation caused by COVID-19. This emergency program is financed through the restructuring of ongoing SME financing project known as "JICA SME Two-Step-Loan Phase 2" started in 2018 to respond quickly to the serious situation of SMEs.
As the global pandemic is bringing about health and economic challenges all over the world, many businesses in Myanmar, especially SMEs with limited buffers are struggling to tackle this unprecedented situation. The Government of Myanmar is proactively responding to these challenges with strong political leadership embodied in "COVID-19 Economic Relief Plan (CERP)" published on April 27th.