Human Rights Measure

Human Rights
Human Rights

COVID-19 Economic Response, “Supporting the Flow of Credit”

Date Enacted: March 2020
Country: Australia

As one element of its “COVID-19 Economic Response,” the “Government, Reserve Bank of Australia and the Australian Prudential Regulation Authority have taken coordinated action to support the flow of credit in the Australian economy, in particular for small and medium enterprises (SMEs)” on the basis that “[t]imely access to cheaper credit is vital to help SMEs get through the impact of the Coronavirus and adapt, grow and create jobs as the economy rebuilds.”