Myanmar Prepares COVID-19 Relief Package Worth up to Several Billion Dollars

The Myanmar government is putting the finishing touches on a comprehensive COVID-19 relief plan to be announced very soon. Among the new response measures being considered is a plan to inject US$2-3 billion (2.8-4.2 trillion kyats) into the economy to help the country recover from the economic and social impacts of the global pandemic.

Multiple sources familiar with the plan confirmed to The Irrawaddy that the package, currently known as the COVID-19 Economic Relief Plan (CERP), comprises new measures covering monetary policy, tax, trade, the financial sector, foreign direct investment, health, public finances and the household sector, including an increase in government spending.