The number of confirmed COVID-19 cases stands at 405 (2 deaths, 131 recovered) as of May 21, 2020. As of March 23, the government has declared a national state of emergency that has been extended several times (the last one through June 1) and adopted a range of measures to limit the spread of the virus including travel restrictions (on international flights and internal public transportation), a 15-day quarantine period for people in contact with the infected ones, a curfew in the three major cities between 8PM and 5AM, closure of schools and public offices (except for critical public services), a ban on public gatherings, and increased testing. Facing a severe impact from the global pandemic, the economic activity has contracted significantly in the first quarter of 2020. The authorities’ immediate priority is to ensure the health of the population and preserve macroeconomic stability. Following the activation of their national contingency plan, the authorities are beginning to take measures to increase health spending, help the most vulnerable, support the private sector, and preserve the stability of the financial sector.