Five panels tasked with rejigging economy
In its first meeting on Monday (April 13), the Covid-19 Situation Administration Centre’s advisory committee set up five sub-committees to come up with plans to solve economic problems.
The advisory panel comprises representatives of the private sector.
The first sub-committee will focus on improving the conditions of soft loans from banks to businesses, while the second will come up with plans for some businesses to resume operations as well as manage the flow of the logistics system. The third sub-committee is tasked with coming up with plans to provide relief to farmers, while the fourth will help small- and medium-sized businesses access loans.
The last sub-committee has been given the job of drawing up a plan to revive the economy once the crisis is over.
The new panels have been given a week to come up with the plans and submit them with the National Economic and Social Development Council, which will then forward them to the Cabinet.
