|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Arab Republic of Egypt||03||03 - Direct long-term lending||EGP||110,000,000,000||6,999,693,979|
|Arab Republic of Egypt||03A||03A - Long-term lending||EGP||110,000,000,000||6,999,693,979||Central Bank of Egypt. https://www.cbe.org.eg/en/Pages/HighlightsPages/Circular-dated-18-June-2020-regarding-including-medium-start-ups-and-small-companies-related-to-large-groups-in-the-8-initi.aspx (accessed 19 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (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) June 18, EGP100 billion in funding accessible to all SMEs in the industrial, agricultural, and contracting sectors; (iv) July 23, 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 July 30, this was announced to equal EGP10 billion; (v) July 30, 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.
|Arab Republic of Egypt||03B||03B - Forbearance||EGP||World Bank. https://datacatalog.worldbank.org/dataset/covid-19-finance-sector-related-policy-responses (accessed 7 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).||
No amount/estimate: (i) March 24, 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) March 27, 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.
|Arab Republic of Egypt||04||04 - Equity support||EGP||20,000,000,000||1,272,671,633||OECD. https://www.oecd.org/coronavirus/en/ (accessed 7 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).||
EGP20 billion stock-purchase program has been launched by the Central Bank.
|Argentina||03||03 - Direct long-term lending||ARS||37,620,000,000||599,521,912|
|Argentina||03A||03A - Long-term lending||ARS||37,620,000,000||599,521,912||Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 15 May 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: May 11, 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) September 10, 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.
|Argentina||03B||03B - Forbearance||ARS||0||Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (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.
|Argentina||04||04 - Equity support||ARS|
|Brazil||03||03 - Direct long-term lending||BRL|
|Brazil||03A||03A - Long-term lending||BRL|
|Brazil||03B||03B - Forbearance||BRL||Ministry of Economy https://www.gov.br/economia/pt-br/assuntos/noticias/2020/junho/conselho-curador-do-fgts-suspende-pagamento-de-financiamentos-do-setor-de-mobilidade-urbana (accessed June 25). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (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) June 23, 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).
|Brazil||04||04 - Equity support||BRL|
|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 Union||03||03 - Direct long-term lending||EUR||246,845,000,000||273,058,628,319|
|European Union||03A||03A - Long-term lending||EUR||246,845,000,000||273,058,628,319||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020); EIB. https://www.eib.org/en/press/all/2020-103-eib-backs-eur5-billion-investment-to-mitigate-economic-impact-of-coronavirus-and-support-medical-technology (accessed 29 April 2020); Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 April 2020); EIB. https://www.eib.org/en/about/initiatives/covid-19-response/index.htm (accessed 18 July 2020); EIB. https://www.eib.org/en/press/all/2020-197-eib-approves-eur-16-6-billion-for-covid-19-health-response-and-economic-resilience-climate-clean-transport-energy-and-housing (accessed 18 July 2020); EIB. https://www.eib.org/en/press/all/2020-199-eib-provides-eur205-million-to-adif-alta-velocidad-to-promote-the-development-of-rail-infrastructure-in-spain (accessed 23 July 2020); EIB. https://www.eib.org/en/press/all/2020-198-italy-eib-provides-eur300-million-to-autonomous-province-of-trento-for-sustainable-projects-and-post-covid-19-reconstruction (accessed 23 July 2020); EIB. https://www.eib.org/en/press/all/2020-200-eib-backs-826-mw-mytilineos-power-plant-to-support-greek-energy-transition (accessed 23 July 2020); EIB. https://www.eib.org/en/press/all/2020-213-eib-supports-the-reconstruction-of-major-roads-in-montenegro-with-eur40-million (accessed 8 August 2020); EIB. https://www.eib.org/en/press/all/2020-216-team-europe-the-eib-s-lends-eur-10-million-to-credo-bank-under-its-georgia-outreach-initiative-to-support-msmes (accessed 8 August 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1507 (accessed 27 August 2020); EIB. https://www.eib.org/en/press/all/2020-237-italy-eib-lends-eur500m-to-the-lazio-region-for-smes-mid-caps-infrastructure-environment-and-post-covid-19-recovery (accessed 18 September 2020); EIB. https://www.eib.org/en/press/all/2020-238-eib-and-idf-sign-eur50-million-loan-to-support-faster-post-covid-recovery-of-smes-and-mid-caps-in-montenegro (accessed 19 September 2020); ECB. https://www.bankingsupervision.europa.eu/press/pr/date/2020/html/ssm.pr200917~eaa01392ca.en.html (accessed 19 September 2020); ECB. https://www.eib.org/en/press/all/2020-242-eib-approves-eur-12-6-billion-financing-for-transport-clean-energy-urban-development-and-covid-19-resilience (accessed 19 September 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/IP_20_1773 (accessed 3 October 2020); EIB. https://www.eib.org/en/press/all/2020-254-eib-and-hbor-agree-on-covid-19-recovery-package-for-croatian-smes-and-mid-caps (accessed 3 October 2020); EIB. https://www.eib.org/en/press/all/2020-274-eib-approves-eur-5-1-billion-for-covid-19-resilience-clean-energy-rail-transport-and-urban-development (accessed 17 October 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 (of which EUR1.9 billion is for Egypt's transport and SME sectors) 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) September 11, EIB lends EUR500 million to the Lazio Region for SMEs, mid-caps, infrastructure, environment and post COVID-19 recovery ; (x) September 14, Montenegrin SMEs and mid-caps in tourism and other sectors severely affected COVID-19 will benefit from EUR50 million loan that the EIB has signed with the Montenegrin Investment and Development Fund ; (xi) September 18, EIB approves EUR12.6 billion financing for transport, clean energy, urban development and COVID-19 resilience; (ix) October 1, The EIB Group has provided a mezzanine tranche guarantee of around EUR125 million to Germany’s Commerzbank AG on loans to SMEs and mid-caps to mitigate the impact of the COVID-19 crisis ; (x) October 1, The EIB will invest EUR100 million to support COVID-19 recovery of Croatian SMEs and mid-caps; (xi) October 13, EIB approved a EUR1 billion direct lending to support for companies and health investment in EU member states most impacted by COVID-19 and a EUR2.1 billion to support private sector investment with global financing partners [update].
|European Union||03B||03B - Forbearance||EUR|
|European Union||04||04 - Equity support||EUR||549,000,000||607,300,885||EIB. https://www.eib.org/en/press/all/2020-103-eib-backs-eur5-billion-investment-to-mitigate-economic-impact-of-coronavirus-and-support-medical-technology (accessed 29 April 2020); Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 April 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1007 (accessed 12 June 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1507 (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 .
|Islamic Republic of Iran||03||03 - Direct long-term lending||IRR||1,011,221,094,840,000||24,076,692,734|
|Islamic Republic of Iran||03A||03A - Long-term lending||IRR||1,011,221,094,840,000||24,076,692,734||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020).||
Subsidized loans for affected businesses and vulnerable households at 4.4% of GDP.
|Islamic Republic of Iran||03B||03B - Forbearance||IRR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020).||
No amount/estimate: (i) Central bank agreed with commericial banks to postpone payment of loans due on February 2020 by 3 months; (ii) offered penalty waivers for customers with non-performing loans.
|Islamic Republic of Iran||04||04 - Equity support||IRR|
|Mexico||03||03 - Direct long-term lending||MXN||225,000,000,000||10,241,704,220|
|Mexico||03A||03A - Long-term lending||MXN||225,000,000,000||10,241,704,220||International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed on 30 April 2020).||
(i) Lending up to MXN25 billion to SMEs; (ii) Lending of MXN25 billion for small businesses who has not fired workers or reduced salaries since the outbreak; (iii) MXN175 billion - The Fovissste and the Infonavit will allocate 175 billion pesos to grant housing loans, during these nine months of the year.
|Mexico||03B||03B - Forbearance||MXN|
|Mexico||04||04 - Equity support||MXN|
|Nigeria||03||03 - Direct long-term lending||NGN|
|Nigeria||03A||03A - Long-term lending||NGN|
|Nigeria||03B||03B - Forbearance||NGN||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19?fbclid=IwAR3QQSk6OmfE7YbISvq0_ut_FpTD_Bc00gRB-YJ_YA_VB-VlWiYD9PBO0Ro#P (accessed 4 May 2020). KPMG. https://home.kpmg/xx/en/home/insights/2020/04/nigeria-government-and-institution-measures-in-response-to-covid.html (accessed 4 May 2020).||
(i) No amount/estimate: Restructured loans in impacted sectors; (ii) No amount/estimate: 1 year extension of a moratorium on principal repayments.
|Nigeria||04||04 - Equity support||NGN|
|Russian Federation||03||03 - Direct long-term lending||RUB||500,000,000,000||6,819,579,832|
|Russian Federation||03A||03A - Long-term lending||RUB||500,000,000,000||6,819,579,832||CBR. https://cbr.ru/eng/press/pr/?file=23032020_170800eng2020-03-23T17_07_10.htm (accessed 6 May 2020); CBR. https://cbr.ru/press/pr/?file=24042020_134500dkp2020-04-24T13_43_10.htm (accessed 6 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 21 May 2020).||
(i) 20 March, RUB500 billion refinancing limit for a new SME lending facility at a 4% lending rate from BOR, which was then reduced to 3.5%; (ii) No amount/estimate: additional guaranteed loans to SMEs and affected industries; (iii) No amount/estimate: The CBR has temporarily introduced a long-term refinancing instrument (long-term repos are planned for one month and one year).
|Russian Federation||03B||03B - Forbearance||RUB||CBR. https://cbr.ru/press/pr/?file=17042020_125400if2020-04-17T12_49_42.htm (accessed 6 May 2020), CBR. https://cbr.ru/eng/press/pr/?file=27032020_203415eng2020-03-27T20_33_29.htm (accessed 6 May 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020).||
No amount/estimate: (i) Forbearance with regard to restructured corporate and SME loans will apply to all sectors, not only affected by COVID; (ii) Parliament approved a law that guarantees that affected citizens and SMEs will receive deferrals of loan payments for up to six months; (iii) March 27, Recommends that credit institutions, microfinance organisations, and credit consumer cooperatives promptly consider and approve applications from borrowers for debt restructuring due to an income reduction, with recommendations not to charge any increased interest, fines or penalties on borrowers; (iv) March 31, Prepared amendments to legislation providing "credit holidays" to qualified individuals and enterprises in mortgage and consumer loans, with a grace period of up to 6 months on the repayment of principal and interest on loans; (v) April 17, Took several measures to ease loan restructuring, with the Bank of Russia (BOR) allowing banks to (a) assess the financial condition, (b) quality of debt servicing, or (c) the quality category of loans as of March 1, 2020.
|Russian Federation||04||04 - Equity support||RUB|
|Saudi Arabia||03||03 - Direct long-term lending||SAR||30,670,000,000||8,178,666,667|
|Saudi Arabia||03A||03A - Long-term lending||SAR|
|Saudi Arabia||03B||03B - Forbearance||SAR||30,670,000,000||8,178,666,667||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 17 September 2020)||
(i) March 29, Encouraging banks to restructure loans without any charges; (ii) SAR30 billion for banks and financing companies to delay the payment of the dues of the financial sector (banks and finance companies) from SMEs for a period of six months as of its date; (iii) No amount/estimate: May 14, Banks have been instructed to delay payments of loans extended to all Saudi employees by three months without extra fees, to provide financing needed by customers who lose their jobs and to exempt customers from various banking fees; (iv) July 15, SAR670 million to help businesses defer loan installments due this year amid economic uncertainty caused by the COVID-19 pandemic. On September 1, this program was extended until December 14.
|Saudi Arabia||04||04 - Equity support||SAR|
|South Africa||03||03 - Direct long-term lending||ZAR||3,000,000,000||180,769,772|
|South Africa||03A||03A - Long-term lending||ZAR||3,000,000,000||180,769,772||OECD. https://oecd.github.io/OECD-covid-action-map/data/CoronavirusUpdate_AllCountries_Public.xlsx (accessed 7 May 2020).||
ZAR3 billion for industrial funding to address the situation of vulnerable firms and to fast-track financing for companies.