Yale School of Management

Program on Financial Stability

Improving our understanding and management of systemic risk.

Design Considerations and Interesting Features of SME Support Programs

July 23, 2020
: By Mallory Dreyer and Kaleb Nygaard

Over the past four months, governments have announced more than 700 programs to provide assistance to small- and medium-sized enterprises. These firms are vital to the world economy and are particularly vulnerable to the COVID-19 shock. 

 YPFS has compiled a list of design considerations for policymakers in developing and implementing SME support programs. Under each design consideration, we have a number of observations regarding interesting features and design challenges seen across programs to date. 

 Download this PDF to access our resource.