14 March 2020 – Provided financing support to private sector

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Business support
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Saudi Arabian Monetary Authority introduced a SAR 50 billion private sector financing support program.

The program will reduce cash flow fluctuations, support working capital, enable the sector to grow during the coming period and contribute to supporting economic growth, and maintaining employment.

The program consists of three sub-programs: a deferred payments program, funding for lending program and loan guarantee program.
Full details here: http://www.sama.gov.sa/en-US/News/Pages/news-514.aspx