Launching of the Economic Stimulus and Relief Package to mitigate the impact of COVID-19

Submitted by socpro on
measures summary

The total Stimulus and Relief Package amounts to N$8.1 billion, comprising of N$5.9 billion in direct support to businesses, households and cash flow acceleration payments for services rendered to Government and N$2.3 billion off-balance sheet Government liabilities. The Package is directed at:-
• formal and informal businesses in sectors which are directly affected by the lockdown measures, and
• households and the related labour market aspects such as job retention to mitigate the negative impact on income and provide for the basic amenities for households such as potable water to be able to cope with the constrained and conditions arising from the lockdowns.

Measure date
Regions / Country