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As part of a package of changes released on Thursday, the ministry said that the proportion of banks' loan loss reserves to be compared with the bad loans－called the provision coverage ratio－should not be higher than 300 percent of those loans.

As many aspects of the world's economic and social environment have been hit by COVID-19,Fahad Alturki, from KAPSARC in Riyadh, said major economies, such as those in the G20, must strengthen unity and cooperation as that could release powerful signals of joint response to support both developing economies and the least-developed countries.

As of the end of 2018, the balance of loans offered by banking institutions to small and micro-sized enterprises, as well as small and micro-business owners, was 33.49 trillion yuan.

As of Wednesday, the progress that had been made amounted to 31.7 million tons in steel and iron and 68.97 million tons in coal, accounting respectively for 63.4 percent and 46 percent of this year's goals.

As of Sunday afternoon, there have been 15 confirmed cases of COVID-19 in Kenya.