Romanian Government Offering Same Level Of Help For Economy As Togo

Romania’s support package for the economy (as a percentage of the country’s GDP) is similar to those proposed by Turkey, Tunisia, Togo, Egypt, Georgia and Ireland, but about a third of that envisaged by Poland (6% of GDP) and nine times lower than the one proposed by the Czech Republic (18% of GDP).

There are also smaller countries that provide significant sums for the recovery of the economy on a positive trajectory, such as Malta giving 12% of GDP, or Tuvalu giving 10%.

Governments around the world are planning to mobilize cumulative capabilities of billions of dollars or euros to stimulate economies and economic sectors severely affected by measures taken to stop the spreading of the new coronavirus (Covid-19). Not so long ago, Romanian PM, Mr. Ludovic Orban, has called for calm and asked the citizens to trust Romanian authorities regarding the measures taken to prevent a Coronavirus epidemic in Romania. In this context, the IMF has decided to analyze the incentives and policies announced by governments.