Myanmar’s economy has been faced with the impact of the COVID-19 pandemic like other economy in the world. The government has delivered the COVID-19 Economic Relief Plan (CERP) on 27 April, 2020 with the aim to mitigate economic impacts, tackle unemployment and recover the economy after COVID-19. That includes seven goals, 10 strategies, 36 action plans and 76 actions by covering a range of fiscal and social measures. Under goal 5 for promoting innovative products and platforms, government is encouraging businesses to promote the use of mobile payment services, bank transfer or card payments for e-commerce and social commerce systems.
Economic recovery should include the support to SMEs to increase the growth through business development, access to finance and markets to create employment. Under goal 2 of CERP, the measures to ease the impact of the pandemic on specific sectors, micro, small and medium-sized enterprises in hotel and tourism sectors can get the loan with 1% interest rate per annum.