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Ombudsman Institution

made by the Monetary Policy Committee as of late April. The Regulations
regarding the Banking Sector aim to compensate the economic losses caused
by the COVID-19 pandemic through certain incentives and legal measures
provided in the banking sector. In other words, the regulations regarding the
banking sector mainly aim to provide financial support to households and
companies that are adversely affected by coronavirus-related measures. In
this framework, besides the issues such as low interest loan opportunities for
small and medium-sized enterprises, postponing credit debt, supporting low-
income individuals with credit, financial markets have also taken measures to
ensure stability.
4. Measures Taken in terms of Employment

Since social isolation is envisaged to be the only solution to contain the
virus, it has been decided to review the working policies implemented in the
business world. At this point, it was determined that workplaces and offices,
where people work together in close contact, were favorable environments for
the spread of the virus and that it was necessary to make arrangements for
these areas first. Thus, the methods such as flexible work arrangement, short-
time working, remote working and alternative working have been adopted
as the main working methods across the world until the impact of the virus
disappears or a treatment is developed.

In addition to this, certain measures have been taken to ensure the continuity
of the activities of the enterprises as well as measures such as stopping their
activities open to the public and recommendations to avoid attending such
activities as much as possible, therefore, there are certain employees who face
the risk of losing their jobs or were unemployed.
In a statement made by The International Labor Organization, it is
mentioned that the impact of the pandemic on employment will be worse
than the 2009 crisis, so the number of unemployed people, which was 22
million at that time, could exceed 25 million worldwide in the aftermath of the
outbreak. As a result, Türkiye, like all countries, has taken measures to support
businesses with the aim of preventing the rise in unemployment as well as
provide financial support to those who were unemployed due to the pandemic.

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