Supporting businesses in financial distress to avoid insolvency during the COVID-19 crisis
The slowdown of economic activity caused by the COVID-19 outbreak and related emergency measures implemented to tackle the health crisis have led to severe difficulties for companies to meet their financial obligations. Many of the fixed costs, such as rents and interest payments, remain due while t...
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| Format: | eBook |
| Language: | English |
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Paris
OECD Publishing
2020
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| Series: | OECD Policy Responses to Coronavirus (COVID-19)
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| Collection: | OECD Books and Papers - Collection details see MPG.ReNa |
| Summary: | The slowdown of economic activity caused by the COVID-19 outbreak and related emergency measures implemented to tackle the health crisis have led to severe difficulties for companies to meet their financial obligations. Many of the fixed costs, such as rents and interest payments, remain due while the cash flow destined to meet these obligations has vanished. As a result, many otherwise sound companies are facing acute liquidity constraints that eventually might become solvency problems |
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| Physical Description: | 11 p |