Working papers

Impact of a COVID-19 emergency liquidity support package on bank performance and lending: a controlled interrupted time series (CITS) analysis
3ie Working paper 66, 2025
Fiona Kastel, Sridevi K Prasad, Natalia Kryg, Douglas Glandon
The authors of this study evaluate the impact of the European Bank for Reconstruction and Development’s (EBRD) Solidarity Package, which was a COVID-19 emergency liquidity support package. The authors share findings of the package's impacts on bank performance and lending across its countries of operation. The Independent Evaluation Department of the EBRD supported this work. Click here to learn more about this project.