Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Afghanistan 03 03 - Direct long-term lending AFN
Afghanistan 03A 03A - Long-term lending AFN
Afghanistan 03B 03B - Forbearance AFN
Arab Republic of Egypt 03 03 - Direct long-term lending EGP 112,000,000,000 7,126,961,142
Arab Republic of Egypt 03A 03A - Long-term lending EGP 112,000,000,000 7,126,961,142 Arab News. (accessed 7 January 2020); Central Bank of Egypt. (accessed 19 June 2020). IMF. (accessed 6 August 2020).

(i) No amount/estimate: Loans with a two-year grace period will be made available to aviation sector firms; (ii) No amount/estimate: Central Bank introduced credit lines that can be paid over a maximum of two years with a six-month grace period, specifically for tourism enterprises to facilitate paying of salaries and financial dues for suppliers; (iii) 18 June 2020, EGP100 billion in funding accessible to all SMEs in the industrial, agricultural, and contracting sectors; (iv) 23 July 2020, A new consumer spending initiative has been announced by the government, as part of which, two-year low-interest installments will be made available to encourage spending. This is meant to complement the initiative on the same date in Measure 5B. As of 30 July 2020, this was announced to equal EGP10 billion; (v) 30 July 2020, A housing initiative has been announced to provide low cost financing for housing units. Further, a new lending initiative with soft loans at zero-to-low interest rates from banks is aimed at replacing old cars with natural gas-powered vehicles; (vi) 4 January 2020, Egypt has granted EgyptAir Holding Co. a loan of EGP2 billion to help the national flag carrier ride the devastating financial impact of the coronavirus disease (COVID-19) pandemic on the sector. The interest subsidy provided by the government is reflected in Measure 5B4. [update]

Arab Republic of Egypt 03B 03B - Forbearance EGP World Bank. (accessed 7 May 2020); IMF. (accessed 7 May 2020).

No amount/estimate: (i) 24 March 2020, The government also introduced a six-month extension for credit repayments targeting all individuals and businesses, as well as the waiving of late fines for such repayments; (ii) 27 March 2020, Mortgage financing companies, factoring and leasing companies mandated to give a six-month grace period to any client who asks; (iii) New debt relief initiative for individuals at risk of default has also been announced, that will waive marginal interest on debt under EGP1 million if customers make a 50% payment; (iv) Microlenders have been instructed to also consider delays on a case-by-case basis, of up to 50% of the value of monthly installments for struggling clients.

Argentina 03 03 - Direct long-term lending ARS 40,620,000,000 647,330,677
Argentina 03A 03A - Long-term lending ARS 40,620,000,000 647,330,677 Yale. (accessed 15 May 2020). Government of Argentina. (accessed 30 October 2020).

(i) Offered ARS2.25 billion loans at a fixed rate of 12% and non-refundable contributions to companies, small and medium-sized enterprises (SMEs), cooperatives, and research and development instituions that contribute to the COVID-19 health emergency; (ii) Allocated ARS25 billion from the state-owned bank BNA for producers of food, personal hygiene and cleaning, and producers of medical supplie; (iii) Allocated ARS5 billion to support teleworking and ARS2.8 billion to develop infrastructure in industrial parks; (iv) granted a total of ARS70 million Non-Refundable Contributions (ANRs) for a maximum amount for high impact or associative projects; (v) increased the monthly non-remunerative financial to temporary workers in the agricultural and agro-industrial sector; (vi) No amount/estimate: 11 May 2020, launched the the Recuperar program, a sector-specific helpline with non-bank financing at an interest rate of 3% per year, for machines, tools or capital goods; (vii) 10 September 2020, ARS2.5 billion expansion of the National Program for the Development of Suppliers to to assist companies that provide industrial goods and services in strategic value chains; (vii) 13 October 2020, Announced a ARS3 billion credit line for tourism SMEs with a one-year grace period and zero rate in the first 12 installments and a 100% guarantee from FOGAR.

Argentina 03B 03B - Forbearance ARS Yale. (accessed 27 April 2020).

No amount/estimate: (i) Extended maturities for debt issued under the Debt Regulatization Regime of Law No. 27,541 to small and medium-sized enterprises (SMEs) and micro-SMEs until June 30, 2020; (ii) Required financial institutions to automatically refinance unpaid credit card balances with a one-year term with 3 months grace, 9 equal and consecutive monthly installments and an annual nominal rate of 43%; (iii) Suspended punitive interest charges on unpaid balances of credits granted by financial entities, whose installments were due between April 1, 2020 and June 30, 2020.

Armenia 03 03 - Direct long-term lending AMD
Armenia 03A 03A - Long-term lending AMD UNESCAP. (accessed 5 December 2020)

No amount/estimate: 27 March 2020, Preferential loans to SMEs in sectors including manufacturing, transportation and storage economy, tourism, other service sectors, and healthcare. The loans will be interest-free for the first 2 years and 12% for the third year.

Armenia 03B 03B - Forbearance AMD
Australia 03 03 - Direct long-term lending AUD
Australia 03A 03A - Long-term lending AUD Government of Australia. (accessed 3 September 2020).

No amount/estimate: 2 September 2020, Government announced interest-free loans to Australians who are stranded overseas and in financial distress.

Australia 03B 03B - Forbearance AUD
Austria 03 03 - Direct long-term lending EUR 150,000,000 165,929,204
Austria 03A 03A - Long-term lending EUR 150,000,000 165,929,204 European Commission. (accessed 8 July 2020).

6 July 2020, EUR150 million subordinated loan from the Austrian government to support Austrian Airlines for damages suffered due to coronavirus outbreak. This loan is convertible into a grant depending on the full-year results of Austrian Airlines.

Austria 03B 03B - Forbearance EUR Bundesministerium Finanzen. (accessed 04 June 2020); OECD. (accessed 15 April 2020).

No amount/estimate: Austrians are allowed to defer interest payments on bank loans. 2 June 2020, Extended the loan deferrals available for private and micro-enterprises by four months, which allows beneficiaries to defer repayment obligations for principal or interest payments without suffering legally.

Azerbaijan 03 03 - Direct long-term lending AZN
Azerbaijan 03A 03A - Long-term lending AZN
Azerbaijan 03B 03B - Forbearance AZN IMF. (accessed 24 July 2020). CBA. (accessed 4 January 2021).

No amount/estimate: (i) 23 April 2020, The CBA announced a moratorium on late fees and interest rate penalties; (ii) 30 December 2020, Credit organizations were advised not to accrue additional penalty interest, penalties, and other penalties until 1 April 2021, as well as to submit negative information on borrowers to the credit bureau with a special note [update].

Bangladesh 03 03 - Direct long-term lending BDT 50,000,000,000 588,581,519
Bangladesh 03A 03A - Long-term lending BDT 50,000,000,000 588,581,519 Ministry of Finance. (accessed 29 June 6).

BDT50 billion for Special Fund for Salary support to export oriented manufacturing industry workers.

Bangladesh 03B 03B - Forbearance BDT Banglashesh Bank. (accessed 29 June 2020). IMF. (accesed 15 May 2020).

BB took measures to waive credit card fees and interests, suspend loan interest payments.

Belgium 03 03 - Direct long-term lending EUR 287,000,000 317,477,876
Belgium 03A 03A - Long-term lending EUR 287,000,000 317,477,876 European Commission. (accessed 7 September 2020).

(i) 21 August 2020, European Commission approved the EUR287 million Belgian loan to SN Airholding and its sole subsidiary, Brussels Airlines in the context of the coronavirus outbreak.

Belgium 03B 03B - Forbearance EUR Belgian Government. (accessed 19 November 2020); IMF. (accessed 30 July 2020).

No amount/estimate: Postponement of debt repayment due to banks and insurers by affected households and companies to 30 September 2020. As of 24 July 2020, this has been extended to end-December 2020. As of 11 November 2020, the Minister of Finance will extend, in consultation with the financial sector, the current moratorium for loans to companies.

Bhutan 03 03 - Direct long-term lending BTN/INR
Bhutan 03A 03A - Long-term lending BTN/INR IMF. (accessed 2 July 2020); PMO. (accessed 24 July 2020).

No amount/estimate: April 2020, Loans to cottage and small industries through the National Cottage and Small Industries (CSI) Development Bank (microloans at 2% concessional interest for agriculture and rural activities and working capital loans at 4% concessional interest rate for 3 months). On 26 June 2020, the government announced that the CSI loan will be extended for another 12 months.

Bhutan 03B 03B - Forbearance BTN/INR Official Statement from the Office of the Prime Minister of Bhutan. (accessed 29 April 2020); Royal Monetary Authority of Bhutan. (accessed 12 May 2020); IMF. (accessed 24 July 2020); PMO. (accessed 1 July 2020).

No amount/estimate: April 2020, Deferment of loans for 3 months (April–June 2020) (i) for all borrowers who had maintained their loan accounts in good standing, i.e., loans that were not non-performing loans (NPL) as of 29 February 2020; (ii) May 2020, The RMA announced that the interest waiver facility would also be extended to non-performing loan accounts. The government will finance 50% of the total interest payment and the financial institutions offered to support the other 50%. On 26 June 2020, the government announced to further extend interest waiver for another nine months for loans availed as of 10 April 2020 (see Measure 5B); (iii) 26 June 2020, the government announced a new monetary measure, i.e., deferment of loans for one year without penal interest. For borrowers willing and able to service their loans during this period, financial institutions offered to reduce the interest rate by one percentage point as an added incentive.

Brazil 03 03 - Direct long-term lending BRL
Brazil 03A 03A - Long-term lending BRL
Brazil 03B 03B - Forbearance BRL Ministry of Economy (accessed June 25). IMF. (accessed 16 April 2020).

No amount/estimate: (i) Local firms affected by the crisis were granted a 3-month moratorium on bank loan repayments (principal and interest); (ii) Exporters’ inventory financing is being supported by extending maturities for existing and new export rediscount credits; (iii) Debt enforcement and bankruptcy proceedings (except in alimony cases) have been suspended; (iv) 23 June 2020, the Ministry of Economy suspends for up to 6 months payment to the Board of Trustees of the Severance Pay Fund (FGTS) from private urban public transport companies; the impact of suspended payments is approximately BRL51 million (entered in category 5B).

Brunei Darussalam 03 03 - Direct long-term lending BND 450,000,000 318,122,907
Brunei Darussalam 03A 03A - Long-term lending BND
Brunei Darussalam 03B 03B - Forbearance BND 450,000,000 318,122,907 IMF. (accesed 1 May 2020); Autoriti Monetari Brunei Darussalam. (accessed 15 April 2020).

On 30 March 2020, the Ministry of Finance and Economy (MOFE) announced additional financial support measures amounting to an estimated total of BND250 million, effective April 1. This Economic Relief Package (i) extends the deferment on principal payments of financing or loan to all sectors, (ii) provides for the restructuring or deferment on principal repayment of personal loans and hire purchase such as car financing, for a period not exceeding 10 years, (iii) provides for the deferment on principal repayments of property financing, (iv) provides for the conversion of any outstanding credit card balances into term loans not exceeding 3 years for affected individuals in the private sector only (including the self-employed), and (v) waiver of all bank fees/charges related to these facilities (except third party charges). Coupled with the earlier fiscal assistance, these measures will increase the value of Brunei’s Economic Stimulus Package to a total of BND450 million (or 3.2% of GDP).

Cambodia 03 03 - Direct long-term lending KHR
Cambodia 03A 03A - Long-term lending KHR Royal Government of Cambodia (RGC). (accessed 11 June 2020).

26 May 2020: (i) Adjust the special financing plan of USD50 million through the Agricultural and Rural Development Bank (ARDB) and extend the provision of loans from this plan to the small and medium enterprises (SMEs) cluster; (ii) Adjust a special financing plan of USD100 million between SMEs and financial institutions to extend the coverage of loans to the enterprises in the medical equipment and medicine production sectors (See Measure 10: No breakdown).

Cambodia 03B 03B - Forbearance KHR International Monetary Fund (IMF). (accessed 24 July 2020).

No amount/estimate: April 2020, The National Bank of Cambodia (NBC) has also issued guidelines to financial institutions on loan restructuring for borrowers experiencing financial difficulties (but still performing) in priority sectors (tourism, garments, construction, transportation and logistics).

Canada 03 03 - Direct long-term lending CAD 49,705,000,000 35,624,440,065
Canada 03A 03A - Long-term lending CAD 49,705,000,000 35,624,440,065 Department of Finance Canada. (accessed 10 June 2020).

(i) CAD25 billion - Expanding the Canada Emergency Business Account (CEBA) to businesses that paid between CAD20,000 and CAD1.5 million in total payroll in 2019 (updated in (ii)); (ii) 11 August 2020: From the Canadian Government's "Fiscal Summary" cited in 5B below, Canada student loans--CAD1.93 billion; Alternative Credit Support for Businesses Unable to Access other Emergency Measures--CAD1.232 billion; Canada Emergency Business Account--CAD41.25 billion; Credit support for the agricultural sector--CAD5.2 billion; National Ecosystem Fund--CAD93 million.

Canada 03B 03B - Forbearance CAD Bank of Canada. (accessed 10 June 2020). Canada Department of Finance (accessed 1 July 2020).

(i) No amount/estimate: Mortgage Payment Deferral from the Canada Mortgage and Housing Corporation, in which interest on mortgage deferrals is added to the principal; (ii) Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. This program will lower rent by 75% for small businesses that have been affected by COVID-19. On 30 June 2020, CECRA was extended by one month to cover small business rents for July and, to simplify the application process, the government is removing the requirement to claw-back insurance proceeds and provincial rent supports from the CECRA forgivable loan amount for both existing and new applicants. This will provide important relief for small businesses that continue to experience financial hardship, and also allow property owners to maintain rental income and keep tenants in their commercial properties as the economy gradually restarts; (iii) No amount/estimate: Deferring payments for tourism operators on commercial leases and licenses of occupation.