Global Trade Alert
Global Trade Alert

Philippines: Stimulus package announced in response to the COVID-19 pandemic

Announcement

16 Mar 2020

Philippines has announced an economic stimulus package to support medical efforts and people & businesses affected by the COVID-19 pandemic.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

16 Mar 2020

Revocation date:

No revocation date

Updated: 16 Mar 2020
State loan In force
On 16 March 2020, the Philippines provided a P 2.8 billion (USD 55.21 million) loan facility to farmers and fisherfolks under the Survival and Recovery Aid (SURE) program. Each farmer was eligible for...
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Updated: 16 Mar 2020
State aid, unspecified In force
On 16 March 2020, the President of the Philippines announced funding of P14 billion (~ USD 276 million) for programs and packages to support the tourism industry. Further, funds will also be mobilized...
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