Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
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.

Bangladesh 04 04 - Equity support BDT
Bangladesh 12 12 - Non-Economic Measures BDT Ministry of Public Administration. (accsessed 29 June 2020). IMF. (accessed 1 May 2020).

(i) March 23, The government declared a general holiday from March 26 to April 4, which has been extended until May 5: government offices, private offices, and courts will be closed, commercial banks will operate shorter hours; (ii) Individuals have been requested not to leave their homes except to collect daily necessities and emergency supplies, and to wear masks when outside; and (iii) A lockdown has been imposed on 75 hotspots in Dhaka where cases have been identified, and a curfew is in operation from 6pm to 6am.

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, 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 June 26, 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, Deferment of loans for 3 months (April–June) (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 February 29; (ii) May, 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 June 26, the government announced to further extend interest waiver for another nine months for loans availed as of April 10, 2020 (see Measure 5B) ; (iii) June 26, 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.

Bhutan 04 04 - Equity support BTN/INR
Bhutan 12 12 - Non-Economic Measures BTN/INR IMF. (accessed 24 July 2020); PMO. (accessed 20 July 2020); Royal Government of Bhutan. (accessed 11 August 2020); Royal Government of Bhutan. (accessed 02 September 2020).

(i) Bhutan started imposing containment measures immediately after the first case was recorded on March 6, with restriction of entry of foreign tourists initially for two weeks but extended afterwards and closure of schools in three cities; (ii) March 22, Bhutan sealed off its land borders as a precautionary measure to prevent the spread of COVID-19. For non-Bhutanese, exits are allowed. Incoming non-Bhutanese are scrutinized and quarantined where applicable; (iii) March 27, More containment measures were imposed on public gatherings, travel (within and outside Bhutan), business and entertainment, games and sports and civil service, corporate, private, and other agencies. The quarantine period has been extended to April 21; (iv) Healthcare measures include setting up dedicated hospitals and quarantine centers; (v) June 19, Easing of restrictions, which will be done in phases, in schools, institutes, and colleges, except pre-primary levels, low risk businesses, sports, trainings and workshops, religious and social functions, parks and public spaces, and public transport; (vi) June 19, All government, corporate, and allied agencies are called to discontinue "work from home" starting June 22; (vii) August 11, Government announces nationwide lockdown. On September 1, The government announced a phased easing of lockdown restrictions between September 1 and 10 [update].

European Central Bank 03 03 - Direct long-term lending EUR
European Central Bank 03A 03A - Long-term lending EUR
European Central Bank 03B 03B - Forbearance EUR
European Central Bank 04 04 - Equity support EUR
European Central Bank 12 12 - Non-Economic Measures EUR
European Union 03 03 - Direct long-term lending EUR 232,280,000,000 256,946,902,655
European Union 03A 03A - Long-term lending EUR 232,280,000,000 256,946,902,655 OECD. (accessed 15 April 2020); EIB. (accessed 29 April 2020); Yale. (accessed 29 April 2020); EIB. (accessed 18 July 2020); EIB. (accessed 18 July 2020); EIB. (accessed 23 July 2020); EIB. (accessed 23 July 2020); EIB. (accessed 23 July 2020); EIB. (accessed 8 August 2020); EIB. (accessed 8 August 2020); EC. (accessed 27 August 2020).

(i) March, the EIB dedicated EUR10 billion in asset-backed securities (ABS) purchasing programs to allow banks to transfer risk on portfolios of SME loans; (ii) April 24, Approved EUR5 billion in new financing for businesses affected by the coronavirus, and for the development of medical technology. EUR3 billion was dedicated to businesses in Spain and Italy. The approval represents an extension of the loan package first identified on March 16, 2020; (iii) May 26, the Board of Directors of the European Investment Bank (EIB) agreed on the structure and business approach of the new Pan-European Guarantee Fund (EGF) to tackle the economic consequences of the COVID-19 pandemic. It will enable the EIB Group to scale up its support for mostly small and medium-sized European companies, providing up to EUR200 billion of additional financing. Under this scheme, EIB in July 15 and 13 respectively, financed ZANINI Auto Group's innovation strategy with EUR25 million loan and provided Santander (Spanish commercial bank) with EUR757 million to help support SMEs and mid-caps ; (iv) July 15, EIB approves EUR16.6 billion for COVID-19 health response and economic resilience, climate, clean transport, energy and housing ; (vii) July 21, EIB provided EUR205 million in loans to Adif Alta Velocidad (Spanish rail network) to promote the development of rail infrastructure ; (v) July 21, EIB provided EUR300 million in loans to the Autonomous Province of Trento for sustainable projects and post-COVID-19 reconstruction; (vi) July 22, EIB provided EUR125 million in loans for Greece's 826 MW Mytilineos power plant to support energy transition; (vii) July 31, EIB signed a second tranche worth EUR40 million for the rehabilitation of 180 kilometres of road along the five main routes in Montenegro. The loan from the EU bank is complemented by a EUR1.5 million technical assistance grant awarded under the Economic Resilience Initiative (ERI). It is the first ERI grant to be awarded to a project in the Western Balkans. The total EIB investment worth EUR80 million is expected to increase road safety and efficiency and facilitate faster economic recovery and regional trade; (viii) August 3, the EIB will lend EUR10 million in synthetic local currency to Credo Bank, the leading actor on microfinance market in Georgia predominantly servicing enterprises in rural areas and agricultural sector. This is the second loan under the EIB's Georgia Outreach Initiative launched to improve access to finance for the country's MSMEs. Loans will be available under flexible terms to help maintain liquidity of MSMEs to continue operating and preserve jobs. The loan comes as a part of the immediate response to Covid-19 pandemic launched by the EU and its Team Europe and is facilitated by an EU grant.

European Union 03B 03B - Forbearance EUR
European Union 04 04 - Equity support EUR 549,000,000 607,300,885 EIB. (accessed 29 April 2020); Yale. (accessed 29 April 2020); EC. (accessed 12 June 2020); EC. (accessed 27 August 2020).

(i) April 8, The Commission is launching ESCALAR, a new investment approach, developed together with the European Investment Fund (EIF), that will support venture capital and growth financing for promising companies. In its pilot phase, ESCALAR will provide up to EUR300 million backed by the European Fund for Strategic Investments (EFSI); (ii) April 24, EIB also approved an equity investment worth EUR75 million for the German company Curevac, through the EIB's Infectious Disease Financing Facility; (iii) June 8, EUR174 million equity investments from the European Innovation Council (EIC) Accelerator Pilot funding to innovative startups and SMEs; (iv) June, EUR5.3 billion for the Solvency Support Instrument that will work via an EU guarantee provided to the European Investment Bank (EIB) Group under the European Fund for Strategic Investments (EFSI). Solvency support will form a separate window under the EFSI to mobilise private capital. The EIB Group will use this guarantee to provide financing directly or invest, fund or guarantee equity funds, special purpose vehicles, investment platforms or national promotional banks. These intermediary funds or vehicles must be established and operate in the EU. The Solvency Support Instrument should predominantly channel solvency support through financial market intermediaries and only to a lesser degree facilitate direct support to companies by the EIB Group [update].

European Union 12 12 - Non-Economic Measures EUR IMF. (accessed 29 April 2020).

Most European countries have taken several containment measures ranging from lockdowns and travel restrictions to school closures and bans on large gatherings. Measures that favor teleworking were also widely implemented. The European Commission presented guidelines for exit strategies and called for a common framework across member states. The criteria include: (i) sustained reduction and stabilization of new cases, (ii) sufficient health system capacity such as adequate hospital beds, pharmaceutical products, and equipment, and (iii) appropriate monitoring capacity to quickly detect and isolate infected individuals as well as to trace contacts. The Commission invited Schengen Member States and Schengen Associated States to extend the temporary restriction on non-essential travel to the EU until 15 June and presented further guidance on a gradual lifting of border restrictions .

India 03 03 - Direct long-term lending INR
India 03A 03A - Long-term lending INR
India 03B 03B - Forbearance INR Press Information Bureau. (accessed 2 July 2020). RBI. (accessed 5 June 2020); IMF. (accessed 4 June 2020); RBI. (accessed 30 April 2020).

No amount/estimate: (i) The RBI provided relief to both borrowers and lenders, allowing companies a 3-month moratorium on loan repayments. This moratorium was extended to end August; (ii) Provided subsidies to banks to reduce interest rates for short-term loans to farmers. On June 4, decided to continue the availability of 2% Interest Subvention (IS) and 3% Prompt Repayment Incentive (PRI) to farmers for the extended period of repayment up to August 31, 2020 or date of repayment, whichever is earlier, to prevent increases in interest rate during the extended moratorium period; (iii) June 24, Approved a scheme for interest subvention of 2% for a period of 12 months to all Shishu loan accounts under the Pradhan Mantri Mudra Yojana (PMMY). This scheme will only apply to certain loans that meet the criteria (e.g. outstanding as of 31 March 2020, not in Non-Performing Asset category).

India 04 04 - Equity support INR
India 12 12 - Non-Economic Measures INR IMF. (accessed 10 June 2020).

(i) March 21, A temporary ban for a week on international flights landing in the country for a week; (ii) March 26, Extended ban on all international flights till April 15th, excluding approved all-cargo operations and flights; (iii) March 5, Schools closed in some of the municipalities and states, including Delhi until the end of March, which was eventually expanded to all educational insttitutions in the country; (iv) March 12, Partial shutdowns was imposed on educational institutions, stadiums, cinema halls, and sports clubs and gathering of people were banned in some of the states, including Delhi; (v) March 24, The entire country was placed under lockdown for 21 days which, on April 14, was further extended to May 17; (vi) April 15, the government announced several relaxation measures in geographical areas designated as non-hotspot, with effect from April 20, 2020; (vii) May 30, the government issued ‘Unlock 1’ guidelines for a phased re-opening of most activities across the country and limiting the lockdown only to containment zones for a month until June 30. However, states have been empowered to prohibit certain activities if they deem it necessary.

Maldives 03 03 - Direct long-term lending MVR
Maldives 03A 03A - Long-term lending MVR Ministry of Finance. (accessed 28 August 2020); Ministry of Finance. (accessed 28 August 2020). Ministry of Finance. 28 August 2020).

March 20, The Economic Recovery Plan was announced. The Plan includes: (i) COVID-19 Recovery Loan Scheme for SMEs wherein eligible SMEs may apply for loans up to 10% of its annual sales turnover for the past year (capped up to MVR500,000) at 6% interest per annum for a 3-year period. The repayment period excludes the grace period up to 6 months in which no interest is charged. Funding is contingent on SMEs not laying off local employees due to the COVID-19 outbreak and during the funding period. As of August 20, total disbursed amount is MVR209.9 million [update]; (ii) COVID-19 Recovery Loan Scheme for Self-employed and Freelance Individuals wherein eligible individuals may apply for loans up to MVR 30,000 at 6% interest per annum for a 3-year period. A grace period of up to 6 months is offered during which no interest is charged, and no payment of principal or interest is required Funding is conditional on the individual having worked in 6 of the last 12 months and earned a verifiable income during this period. As of August 20, total disbursed amount is MVR13 million [update]; and (iii) COVID-19 Recovery Loan Scheme for Large Businesses wherein funding is contingent on no layoffs of local employees due to COVID-19 outbreak at the time of application. For eligible businesses, this is an unsecured facility provided at 6% interest per annum for a 3-year period, including a maximum 6-month grace period in which no interest and principal payment will be made. As of August 20, total disbursed amount is MVR502.7 million [update].

Maldives 03B 03B - Forbearance MVR Maldives Monetary Authority. (accessed 13 April 2020); IMF. (accessed 13 April 2020); Ministry of Finance. (accessed 28 August 2020). Ministry of Finance. (accessed 28 August 2020). Ministry of Finance (accessed 28 August 2020). Ministry of Finance. (accessed 28 August 2020). Ministry of Finance. (accessed 28 August 2020). The Edition. (accessed 28 August 2020).

No amount/estimate: April, The Maldives Monetary Authority announced introducing regulatory measures to enable a moratorium of 6 months on loan repayments for those impacted by the current situation. Customers have to submit their requests to the banks in order to avail themselves of this moratorium. Debt moratoriums have been included in the Plan to support individuals, households, and businesses facing difficulties in meeting monthly debt repayment: (i) All loans from the Bank of Maldives are eligible for the debt moratorium from 1st March 2020 until end of September 2020. The debt moratorium will allow BML customers to defer monthly principal and interest repayments for 6 months. At the same time the tenor of the loan will also be extended by 6 months allowing more time to repay the accrued interest and principal repayments. Compound interest will not be charged during the moratorium period. Following the moratorium period, the repayment amount would be reduced by 20% for a further 6 months; (ii) Those liable to repay student loans by the National Student Loan Scheme and Educational Assistance Loan Scheme entered a 6 months period of debt deferment on the 1st of March 2020; (iii) Individuals with Housing Finance loans issued by Housing Development Finance Corporation (HDFC) had the option of applying for a 6 months debt moratorium, which started on 1st March 2020, under the condition that regular payments have been made. The debt moratorium allows HDFC customers to defer monthly principal and interest repayments for 6 months. Consequentially the initial loan periods would be extended by an additional 6 months; (iv) Bank of Maldives customers with business loans are eligible for the debt moratorium from 1st March 2020 until end of September 2020. The debt moratorium will allow customers to defer monthly principal and interest repayments for 6 months. At the same time the tenor of the loan will also be extended by 6 months allowing more time to repay the accrued interest and principal repayments. Following the moratorium period, the repayment amount would be reduced by 20% for a further 6 month; and (v) SME Development Financing Corporation (SDFC) customers will be eligible for a 6 months debt moratorium starting from 1st March 2020. The debt moratorium will allow customers to defer monthly principal and interest repayments for 6 months. Moreover, in the course of the moratorium period, interest rates for all loans are reduced to 4% [update]. August 26, SDFC extended the repayment period for loans until the end of 2020 [update].

Maldives 04 04 - Equity support MVR
Maldives 12 12 - Non-Economic Measures MVR IMF. (accessed 19 April 2020, 14 May 2020, 4 June 2020, 22 July 2020); The Edition. (accessed 29 May 2020). The Edition. (accessed 31 July 2020). The Edition. (accessed 7 August 2020). The Edition. (accessed 4 September 2020).

(i) March 12, The government declared a Public Health Emergency. There are several adopted containment measures, including (a) temporary suspension of on-arrival visa for all passengers arriving to Maldives by air and sea, (b) quarantine for all passengers traveling to Maldives by air except for tourists checking-in to resorts, (c) screening at ports of entry, (d) restrictions on travel between resorts and inhabited islands, (e) ban on all cruise ships from entering and docking; requirement on all guest houses and city hotels operating in the Maldives to temporally suspend all tourist check-ins since March 17, and (f) school closures; (ii) April 15, The greater Malé region was placed on lockdown; (iii) May 13, The lockdown was extended to May 28 (third extension since its implementation); (iv) May 28: (a) The state of Public Health Emergency was extended until June 29; and (b) Phase one of lockdown easing started, with a relaxation in temporary permissions for leaving homes as well as allowing certain commercial businesses to open and operate; (v) Since July 1, the country is in phase three of the lockdown ease plan. This phase permits movement in the Greater Malé Region from 5am to 11pm, and only gatherings of less than 30 people are to be allowed in public spaces; (vi) International flights as well as tourism island resorts reopened; (vii) While guesthouses in inhabited islands are opened since July for locals/residents in COVID-19 free islands, guesthouses will be opened for tourists in August; (vii) July 30, Authorities mandated wearing face masks in public spaces of the capital city of Malé in response to a surge in COVID-19 cases in Maldives. Individuals in public spaces without masks would be fined by MVR1,000 starting from August 1; (viii) August 4, The Health Protection Agency (HPA) implemented a curfew over the Greater Malé Region; (ix) September 3, The Ministry of Education extended the closure of schools in the Greater Malé Region by an additional two weeks in connection to the surge of COVID-19 cases in the area [update].

Nepal 03 03 - Direct long-term lending NPR
Nepal 03A 03A - Long-term lending NPR IMF. (accessed 2 September 2020).

No amount/estimate: May 28, The budget speech for fiscal year 2020/21 includes additional measures in the area of business support (a lending program for cottage, small and medium-sized enterprises and those in the tourism sector).

Nepal 03B 03B - Forbearance NPR IMF. (accessed 2 September 2020); NRB. (accessed 6 July 2020).

No amount/estimate: (i) April 29, The NRB announced that banks will defer loan repayments due in April and May until mid-July. For working capital loans, banks will extend the repayment schedule of the amount due during the lockdown up to 60 days; (ii) Banks were instructed to provide a 10% discount on interest payments if paid timely, i.e. by mid-April.

Nepal 04 04 - Equity support NPR
Nepal 12 12 - Non-Economic Measures NPR IMF. (accessed 2 September 2020). Business World. (accessed 6 August 2020); The Kathmandu Post. (accessed 13 August 2020); Nepali Times. (accessed 26 August 2020); Online Khabar. (accessed 31 August 2020).

April: (i) Closure of cinema halls, stadiums, health clubs, museums, bars and other recreational places and public transportation until July 22; (ii) Closure of land-border crossings; June: (iii) Nationwide lockdown until July 22; (iv) Ban on domestic and international flights (except chartered flights) until July 22; (v) The government began easing the lockdown on June 12, allowing shops to open; (vi) Government, private offices, and banks have reopened from June 15, with government staff working in shifts; (vii) Private vehicles are allowed to operate on an alternating odd-even license-plate-number basis, corresponding to the calendar date; (viii) July 20, The government announced that the national lockdown will be lifted. Services, such as hotels and restaurants, will resume operations from July 30. All flights and transportation will be resumed from August 17. Tourism activities including travel, trekking, mountaineering will also resume operations from August 17. However, recreational activities including parties, seminars, and other public gatherings continue to be restricted. Educational institutions, recreational centers, religious centers, gyms, libraries, museums, and zoos will be closed until further notice; (ix) August 5, The Nepal government has enforced partial lockdown to full lockdown in various parts of the country as cases of coronavirus infection and fatalities continued to soar. The Home Ministry released a list of 14 districts: six districts will be facing a complete restriction in movement, while eight would remain under partial lockdown; (x) August 11, Other containment measures include restrictions on domestic and international passenger flights until August 31; long distance buses will now be allowed to ply from September 1; all educational institutions including schools, colleges, tuition centres and training centers will remain closed. No date for their opening has been announced; restaurants have been limited to takeaway services and all non-essential services like salons, shopping malls, theatres must remain closed; opening of hotels which was supposed to start on August 17, has been pushed back by 15 days; (xi) August 25, The government announced that it will resume flights to repatriate Nepali workers stranded abroad until August 31. After that, airlines will be allowed to operate limited regular international flights. The government has also reversed its earlier requirement that all passengers, even those with PCR reports, have to spend at least one week in a hotel quarantine in Kathmandu at their own expense. Passengers with PCR negative reports will now be allowed to go home for 14 day self-isolation [update]; (xii) August 31, The government has extended the suspension on long-route transportation and domestic flights until September 16. International flights will resume on September 1, but only for Nepalis and diplomats (no foreign tourists). The government also decided to continue the suspension on the operation of schools, colleges and academic institutions until September 16 [update].

Sri Lanka 03 03 - Direct long-term lending LKR
Sri Lanka 03A 03A - Long-term lending LKR Sri Lanka, Department of Government Information. on 30 April 2020 and 11 June 2020 (accessed 10 July 2020).

No amount/estimate: (i) April 30, A new concessionary loan scheme titled ‘Aswenna’ will be introduced in May 2020 which will provide farmers with loans of up to LKR3 million; June 11: (ii) Under the post COVID-19 relief budget of the government, a 4% interest 5-year loan with a two-year grace period will be available for accommodation providers and destination management companies registered under Sri Lanka Tourism Development Association (SLTDA) to pay salaries of staff; (iii) A similar loan facility will also be available for establishments providing facilities to tourists registered under SLTDA including, restaurants, tourist friendly eating places, spa and wellness centers, spice gardens, tourist shops, and water sports centers, where state-owned Bank of Ceylon will directly remit a maximum of LKR15,000 per employee for up to 6 months.

Sri Lanka 03B 03B - Forbearance LKR CBSL. (accessed 10 July 2020); CBSL. (accessed 10 July 2020); CBSL. (accessed 3 September 2020).

No amount/estimate: (i) March, Wide-ranging debt moratoriums have been introduced by licensed banks, finance and leasing companies based on a directive by the Central Bank of Sri Lanka (CBSL) on 24 and 31 March 2020. These include (a) six-month moratorium (until end-September 2020) on both rupee and foreign currency term loans for affected businesses in SMEs, tourism, apparel, plantation, IT and related logistical services; and a three-month moratorium (until end-June 2020) on small-value personal banking loans and leasing for amounts less than LKR1 million; (b) licensed banks, finance and leasing companies have been requested to reschedule non-performing loans until end-September 2020; (c) licensed banks, finance, and leasing companies have been permitted, if required, to reclassify NPLs under the debt moratorium scheme above as performing loans; (d) temporary suspension of recovery actions under the debt moratorium scheme; (e) interest rate on credit cards capped at 15% for up to LKR50,000; the minimum monthly payment on the cards reduced by 50%; and repayment of all credit cards below the limit of LKR50,000 was extended until 30 April 2020; (ii) August 26, CBSL requested licensed commercial banks to extend the debt moratorium to COVID-19 affected businesses and individuals in the tourism sector for another six months from 1 October 2020 to 31 March 2021 [update].

Sri Lanka 04 04 - Equity support LKR
Sri Lanka 12 12 - Non-Economic Measures LKR IMF. (accessed 2 September 2020); SLRM. Covid-10 policy responses repository as of 25 August 2020; Ministry of Mass Media. (accessed 13 August 2020).

(i) March 11, suspension of visa on arrival for tourists; (ii) March 13, schools and universities closed until April 20; (iii) March 19, government declared a work-from-home arrangement for the public and private sectors, which was extended until April 20; (iv) March 20, The authorities suspended all arriving international flights and ships, while imposing a strict nation-wide curfew, which was gradually eased on May 11, and was fully relaxed on June 6; barring large public gatherings; (v) March 22, All inbound passenger flights and passenger ships suspended, excluding repatriations; (vi) March 23, An island-wide curfew was imposed; (vii) March 26, essential services, including central bank, commercial banks, insurance services, and treasury, remained open; (viii) April 20, All forms of functions, pilgrimages and pleasure tours, carnivals, processions and meetings continued to be banned; (ix) June 29, Night-time curfew removed across the island. Gatherings continue to be subject to public health guidelines. Use of masks in public remains mandatory. All schools to reopen under five stages from June 29 to August 10 [update]; (x) August 10, Local schools have been allowed to reopen in several phases so as to prevent overcrowding within confined spaces. Accordingly certain days of the week have been reserved for particular grades and students to attend school.

Bangladesh 03 03 - Direct long-term lending BDT
Bangladesh 03A 03A - Long-term lending BDT