Our ECB policy package (PEPP, revised TLTRO III, collateral easing and supervisory measures) preserved favourable financing conditions and enabled the large-scale fiscal response that was crucial to mitigating the economic and financial impact of the pandemic on households and firms.
This program was supported by the Forum Economic Ministers Meeting in Raratonga, Cook Islands in October 2009, which stressed that measures should be taken by respective governments to strengthen advances in financial inclusion in their respective countries to reduce poverty.