In gross terms, fiscal-adjustment measures amounting to more than 30 per cent of GDP were implemented between 2010 and 2013. In net terms, the figure is, of course, smaller since the gross measures have the effect of making GDP contract. Additional fiscal measures are being implemented this year.
Subsequently, the Bank introduced a new lending arrangement for the measure, through which it extends loans to financial institutions for their equity investment and asset-based lending (ABL) without conventional collateral or guarantees.