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. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (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. https://www.bb.org.bd/ (accessed 29 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 15 May 2020).

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

Bangladesh 05 05 - Health and income support BDT 346,065,000,000 4,073,749,264 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 1 May 2020). The Financial Express. https://thefinancialexpress.com.bd/economy/covid-19-govt-so-far-announces-1190b-stimulus-packages-1590759538 (accessed 26 June 2020).
Bangladesh 05A 05A - Health support BDT 8,500,000,000 100,058,858 Ministry of Finance. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (accessed 29 June 6).

(i) BDT1 billion Special Honorarium for doctors, nurses, medical workers; (ii) BDT7.5 billion compensation in case infection/death.

Bangladesh 05B 05B - Income support BDT 337,565,000,000 3,973,690,406 Ministry of Finance. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (accessed 29 June 6). Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/fepd/may122020fepdl20.pdf (accessed 29 June 2020).

(i) BTD20 billion, the Ministry of Finance will subsidize interest payments as mentioned in Measure 2 on working capital loans by scheduled banks to businesses; (ii) BDT12.58 billion Cash Transfer to targeted poor people; (iii)BDT8.15 billion expansion of cash allowance programs; (iv) BDT25.03 billion free food distribution; (v) BDT2.51 billion OMS of rice at 10 taka/kg; (vi) BDT21.3 billion construction of home for homeless people; (vii) BDT8.6 billion additional procurement of paddy/rice (2.0 lac ton), (viii) BDT2.0 billion Support for farm mechanization; (ix) BDT95 billion subsidy for agriculture; (x) BDT20 billion employment creation through four State owned entities; (xi) Export Development Fund has been increased by USD1.5 billion; (xii) BDT20 billion subsidy for commercial bank's suspended interest of April-May, 2020; (xiii) No amount/estimate: Expatriate Bangladeshis can get 2% incentives without showing any paper on remittance upto $5,000 (earlier $1,500) and for more than $5,000

Bangladesh 09 09 - International Assistance Provided BDT
Bangladesh 09A 09A - Swaps BDT
Bangladesh 09B 09B - International loans/grants BDT
Bangladesh 11 11 - Other Economic Measures BDT Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/brpd/jun102020brpd12.pdf (accessed 29 June 2020).

BB instructed banks to waive customers interest for the period from 1 April to 31 May based unclassified loan outstanding balance as at 30 March 2020. According to the instruction, loan balance upto BDT 0.1m, waiver the whole amount of interest; loan balance more than BDT 0.1m to BDT 1m interest, interest waiver @2% annually; loan balance more than BDT 1m; interest waiver @1%. Customer wise maximum amount of waiver is BDT 1.2m.

Bhutan 03 03 - Direct long-term lending BTN/INR
Bhutan 03A 03A - Long-term lending BTN/INR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 2 July 2020); PMO. https://bit.ly/3ggtGo2 (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. https://bit.ly/2yrZXYx (accessed 29 April 2020); Royal Monetary Authority of Bhutan. https://www.rma.org.bt/pressrelease/Press%20Release%20on%20Interest%20Waiver%20on%20NPLs.pdf (accessed 12 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); PMO. https://bit.ly/3ggtGo2 (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 05 05 - Health and income support BTN/INR 32,000,000,000 430,592,553
Bhutan 05A 05A - Health support BTN/INR 2,000,000,000 26,912,035 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Ministry of Health. https://www.gov.bt/covid19/?p=1658 (accessed 22 July 2020).

(i) April, An additional resource of BTN2 billion will be provided to the Ministry of Health to meet health-related spending; (ii) No amount/estimate: July 20, The government announced the exemption of COVID19 testing fees for the following categories of travellers: (a) undergraduate students and (b) referred patients and patient attendants approved by the referral committee.

Bhutan 05B 05B - Income support BTN/INR 30,000,000,000 403,680,518 Official Statement from the Office of the Prime Minister of Bhutan (PMO). https://bit.ly/2yrZXYx (accessed 13 April 2020); PMO. https://bit.ly/3b6ygCh (accessed 6 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); PMO. https://bit.ly/3efwMrR (accessed 18 June 2020); PMO. https://bit.ly/3ggtGo2 (accessed 1 July 2020); PMO. https://bit.ly/39oW0lW (accessed 20 July 2020).

April, The National Resilience Fund has been approved and established. With a fund size amounting to about BTN30 billion, the resources will support the implementation of the following activities: (i) Grant of the Druk Gyalpo’s Relief Kidu to people who have been laid off or placed on reduced salaries to provide them immediate financial support. April 30, The Druk Gyalpo's Relief Kidu has granted BTN150 million as the first disbursement of the Relief Kidu to 13,006 people. On June 26, the government announced that the Druk Gyalpo Relief Kidu will continue from July to September 2020, however, with revision in amounts. The Relief Kidu has granted about BTN700 million between April and June 2020 to over 23,000 affected people ; (ii) Interest waiver (50% of cost) - effective May 1, the Royal Monetary Authority announced that the interest waiver would also be extended to non-performing loan accounts for a period of three months (April–June). The government will finance 50% of the total interest payment and the financial institutions offered to support the other 50%. On June 11, The government handed over the e-fund payment to financial service providers for loan interest waiver for the month of April. The government is financing 50% of the interest waiver amounting to BTN625.96 million (Total amount of the interest waiver for April stands at BTN1.2 billion). On June 26, the government announced to further extend interest waiver for another nine months for loans availed as of April 10, 2020. Full interest waiver will be granted from July to September 2020, followed by a partial interest waiver (50%) from October 2020 to March 2021. The cost of interest payment for the nine months is estimated at BTN7.5 billion and will be fully granted from the National Resilience Fund ; (iii) Fast-track the implementation of the 12th Five Year Plan and wherever possible frontload the investments. June 26, In order to support front-loading of capital investments, procurement guidelines will be simplified including preferential treatment for local goods; (iv) Business income tax (BIT) and corporate income tax (CIT) filing and tax payment for the income year 2019 will be deferred until June 30. June 26, targeted tax deferments will be provided over the next six to 12 months; (v) Deferred payment of sales tax and customs duty on essential items (March–June); (vi) Waiver of payment of rent and other charges (April–June) by tourism-related business entities leasing government properties. June 26, rental waivers will be provided over the next six to 12 months; (vii) May 25, The government will be refunding the 5% sales tax collected on telecom services collected on or after January 16, 2020; (viii) No amount/estimate: July 1, Launched the Economic Contingency Plan (ECP) Series I, which aims to help various sectors, including tourism, agriculture, construction and improvement of farm roads.

Bhutan 09 09 - International Assistance Provided BTN/INR
Bhutan 09A 09A - Swaps BTN/INR
Bhutan 09B 09B - International loans/grants BTN/INR
Bhutan 11 11 - Other Economic Measures BTN/INR 3,000,000,000 40,368,052 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Royal Monetary Authority. https://www.rma.org.bt/rgobbond.jsp (accessed 01 October 2020).

(i) Office of Consumer Protection has published market price information of essential commodities as of March 11, to monitor and keep track of price movement in the market and provide information to consumers for informed purchase decision; (ii) March 24, A ban on select food product (e.g., betel leaf, betel nut) import from India has been imposed to curb the spread of COVID-19; (iii) June 29, Import of luxury motor vehicles and bikes have been suspended; (iv) September 4, The Royal Monetary Authority announced the issuance of a 3-year government bond of BTN3,000 million with an annual coupon rate of 6.5% to promote capital market development amid the pandemic [update].

India 03 03 - Direct long-term lending INR
India 03A 03A - Long-term lending INR
India 03B 03B - Forbearance INR Press Information Bureau. https://pib.gov.in/PressReleseDetail.aspx?PRID=1633891 (accessed 2 July 2020). RBI. https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11909&Mode=0 (accessed 5 June 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 4 June 2020); RBI. https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11877&Mode=0 (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 05 05 - Health and income support INR 11,838,186,220,000 159,294,838,251 Press Information Bureau. https://pib.gov.in/PressReleseDetail.aspx?PRID=1633516 (accessed 24 June 2020). Financial Times. https://www.ft.com/content/5734f333-e4d7-4ebf-9de2-220e537da3f0?accessToken=zwAAAXIRWB3Ykc9XNPMz5NdOv9Od4iIOU32j8A.MEQCIE1obkN05q4qkjoiBgF6riG66o6ocs0SQWfl2AsFIikHAiADu_DmNRDP9bo3QfxgYpytmLV8FGnEHOa8g66dgBdahQ&sharetype=gift?token=4a849e3f-c1b7-487d-ba1d-e73f283cd8c8 (accessed 14 May 2020). India Economics Update, Capital Economics. IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 3 July 2020)

(i) Three measures have already been announced as direct support to income/revenue. The first, mainly devoted to health, totalled around INR150 billion. The second, focusing on nonhealth initiatives, totalled around INR2 trillion. Finally, on May 13, USD112.5 billion in fiscal support was announced, which is part of the USD266 billion support package announced by Prime Minister Modi. Part of this will go towards new measures targeting businesses and expanding support for poor households. The complete breakdown is yet to be disclosed; (ii) May 17, an additional INR400 billion was allocated to provide employment boost; (iii) No amount/estimate: Other key measures announced include: (a) health reforms & initiatives by investing in health institutions, among others and (b) a program for digital education to be launched immediately; (iv) June 23, the Prime Minister CARES Trust Fund has allocated INR3 billion for both health and nonhealth initiatives; (v) June 12, the GST council announced that it would halve the interest rate charged on overdue filings of small businesses. On June 30, Prime Minister Modi announced that the provision of food rations to vulnerable households would be extended through end-November (0.4 percent of GDP).

India 05A 05A - Health support INR Press Information Bureau. https://pib.gov.in/PressReleseDetail.aspx?PRID=1633516 (accessed 24 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 May 2020).

Prime Minister Modi announced that an additional INR150 billion will be devoted to health infrastructure, including for COVID-19 testing facilities, personal protective equipment, isolation beds, intensive care unit (ICU) beds, and ventilators; (ii) No amount/estimate: Reduction and/or eliminations of tariffs for imports of medical or surgical instruments and supplies along with eemptions fom "health cess"; (iii) June 23, Allocated from the Prime Minister CARES Trust fund INR2 billion for supply of 50000 ‘Made-in-India’ ventilators to government-run COVID19 hospitals.

India 05B 05B - Income support INR Press Information Bureau. https://pib.gov.in/PressReleseDetail.aspx?PRID=1633516 (accessed 24 June 2020). Ministry of Finance. https://pib.gov.in/PressReleasePage.aspx?PRID=1631127 (accessed 17 June 2020). https://pib.gov.in/PressReleasePage.aspx?PRID=1625319 (accessed 21 May 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 3 July 2020).

(i) March 26, Finance Minister Sitharaman announced a stimulus package valued at approximately 0.8% of GDP. The key elements of the package are (a) in-kind (food, cooking gas) and cash transfers to lower-income households; (b) insurance coverage for workers in the health-care sector; and (c) wage support to low-wage workers (in some cases for those still working, and in other cases by easing the criteria for receiving benefits in the event of job loss); (ii) No amount/estimate: Several measures to ease the tax compliance burden across a range of sectors have also been announced, including postponing some tax filing and other compliance deadlines; (iii) Numerous state governments have also announced measures to support the health and well-being of lower-income households, primarily in the form of direct transfers (free food rations and cash transfers)-the magnitude of these measures varies by state, but on aggregate measures thus far amount to approximately 0.2% of India’s GDP; (iv) May 17, an additional INR400 billion was allocated to provide employment boost; (v) No amount/estimate: May 20, approved the extension of Pradhan MantriVayaVandanaYojana, a social security scheme for senior citizens, for three additional years until March 2023; (vi) June 12, Provided waiver of late fees and interest as well as reduced the 18% per annum rate to 9% per annum for late furnishing of tax returns for small tax payers; (vii) June 23, a sum of INR1 billion has been allocated from the PM Cares Trust Fund for the welfare of migrant laborers; (viii) June 30, Prime Minister Modi announced that the provision of food rations to vulnerable households would be extended through end-November (0.4% of GDP).

India 09 09 - International Assistance Provided INR 59,452,955,789 800,000,000
India 09A 09A - Swaps INR 59,452,955,789 800,000,000 The Print India. https://theprint.in/diplomacy/india-extends-250-million-support-to-maldives-to-overcome-economic-impact-of-covid-19/506718/ (accessed 21 September 2020). The Edition. https://edition.mv/news/18854 (accessed 3 September 2020). Economic Times. https://economictimes.indiatimes.com/news/economy/finance/rbi-signs-documents-to-extend-400mn-currency-swap-facility-to-sri-lanka-indian-mission/articleshow/77166348.cms (accessed 27 July 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 May 2020).

(i) April 15, A request was made by Sri Lanka to enter into a Bilateral Currency Swap Agreement with the Reserve Bank of India for USD400 million. As of July 25, the Reserve Bank of India (RBI) has signed the documents formally extending the facility to Sri Lanka; (ii) April, RBI entered into a swap currency agreement with the facility with the Maldives Monetary Authority amounting to USD150 million. On September 1, The duration of the currency swap agreement signed between Maldives and India was extended. Presently, Maldives has already received USD150 million under this agreement. In addition, MMA revealed that the Government of India would grant further financing up to USD250 million. As of September 20, the remaining USD250 million financial assistance has been provided by India to the Maldives.

India 09B 09B - International loans/grants INR
India 11 11 - Other Economic Measures INR 382,500,000,000 5,146,926,607 RBI. https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50324 (accessed 17 September 2020). Securities and Exchange Board of India. https://www.sebi.gov.in/legal/circulars/jul-2020/relaxation-from-compliance-with-provisions-of-the-sebi-issue-and-listing-of-debt-securities-regulations-2008-ilds-regulation-sebi-non-convertible-redeemable-preference-shares-regulations-20-_47071.html (accessed 17 July 2020), https://www.sebi.gov.in/legal/circulars/jul-2020/relaxation-from-compliance-with-certain-provisions-of-the-sebi-issue-and-listing-of-municipal-debt-securities-regulations-2015-ildm-regulations-and-certain-sebi-circulars-due-to-the-covid-19-vir-_47015.html (accessed 8 July 2020); Ministry of Finance. https://pib.gov.in/PressReleasePage.aspx?PRID=1625319 (accessed 21 May 2020); WTO. https://www.wto.org/english/tratop_e/covid19_e/covid19_e.htm#faq (accessed 5 May 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020).

No amount/estimate: (i) Amendments introduced to the export policy of several products; (ii) May 17, Enhancements to the Ease of Doing Business Act and decriminalisation of Companies Act violations; (iii) July 7, Decided to partially modify circular No. SEBI/HO/DDHS/CIR/P/2020/41 (dealing with investor grievance report, financial results and accounts maintained by issuers under ILDM Regulations) and extended the timelines for submission to July 31, 2020; (iv) July 15, Decided to permit Listers who listed or intend/propose to list NCDs/NCRPS/CPs to use available financials as of December 31,2019, pre-coronavirus; (v) August 31, Announced that various State Governments have offered to sell securities by way of an auction, for an aggregate face value of INR82.5 billion; (vi) August 7, The Reserve Bank announced the constitution of an Expert Committee under the chairmanship of Shri K.V. Kamath to make recommendations on the required financial parameters to be factored in the resolution plans under the ˜Resolution Framework for Covid19-related Stress; (vii) August 31, Announced the re-issue of various fixed-rate government equities (stocks) at different years and percentages, for a total of INR300 billion through price-based action; (viii) September 22, the Parliament adopted the amendment to the Indian Bankruptcy Code, with no insolvency cases until March 25, 2021. [update]

Maldives 03 03 - Direct long-term lending MVR
Maldives 03A 03A - Long-term lending MVR Ministry of Finance. https://www.finance.gov.mv/covid-19/businesses/covid19-recovery-loan-scheme/sme (accessed 16 September 2020, 2 October 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/covid-recovery-loan-scheme (accessed 16 September 2020, 2 October 2020). Ministry of Finance. https://www.finance.gov.mv/covid-19/businesses/covid19-recovery-loan-scheme/large-businesses (accessed 16 September 2020, 2 October 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 September 24, total disbursed amount was MVR274.9 million; (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 September 24, total disbursed amount was MVR16.1 million; 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 September 24, total disbursed amount was MVR530 million.

Maldives 03B 03B - Forbearance MVR Maldives Monetary Authority. http://www.mma.gov.mv/#/news/PR-MCS-2020-3(english).html (accessed 13 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/debt-moratorium/bml (accessed 28 August 2020). Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/debt-moratorium/student-loan (accessed 28 August 2020). Ministry of Finance https://www.finance.gov.mv/covid-19/individuals/debt-moratorium/hdfc (accessed 28 August 2020). Ministry of Finance. https://www.finance.gov.mv/covid-19/businesses/debt-moratorium/bml (accessed 28 August 2020). Ministry of Finance. https://www.finance.gov.mv/covid-19/businesses/debt-moratorium/sdfc (accessed 28 August 2020). The Edition. https://edition.mv/news/18588 (accessed 28 August 2020). The edition. https://edition.mv/business/19009 (accessed 11 September 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 months; 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%. August 26, SDFC extended the repayment period for loans until the end of 2020. September 9, The Bank of Maldives opened its application for its second moratorium, for customers with personal, housing and business loan moratoriums with repayments due to start this September. The deadline of the repayments has been extended to December 2020. The Bank will also issue a separate announcement once the second moratorium application process is open for customers of BML's Islamic banking branch.

Maldives 05 05 - Health and income support MVR 2,500,000,000 162,665,470 Ministry of Finance. https://www.finance.gov.mv/media/news/mvr-25-million-economic-recovery-plan (accessed 13 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19 (accessed 26 May 2020); The Edition. https://edition.mv/news/18141(accessed 31 July 2020); The Edition. https://edition.mv/news/18174 (accessed 31 July 2020).

March 20, To minimize the economic impact of the COVID–19 virus, the authorities announced an Economic Recovery Plan of MVR2.5 billion: (i) reduce the recurrent expenditure by MVR1 billion; (ii) increase the amount of funds allocated for the health sector; (iii) subsidize 40% of electricity bills and 30% of water bills for the months of April and May; (iv) provide special allowance to those who lose their jobs due to COVID-19; (v) arrange working capital for businesses through banks; (vi) defer principal and interest amount of loan repayments to Bank of Maldives (BML) by businesses and people who have been negatively impacted of COVID-19.

Maldives 05A 05A - Health support MVR World Trade Organization (WTO). https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 19 April 2020); Ministry of Finance. https://www.finance.gov.mv/public/attachments/tlDHkVtRSsbHlcIVKsDXPL7ZWH3lyS7kXzqzkPGa.pdf (accessed 16 September 2020); Ministry of Finance. https://www.finance.gov.mv/publications/statistical-releases/weekly-covid-19-spending (accessed 2 October 2020).

(i) No amount/estimate: March 17, Temporary reduction of import tariffs on certain personal protective equipment like hand sanitizers, disinfectants, etc. Imports are also exempted from processing fees; (ii) As of September 24, total spending towards COVID-19 health and social efforts that is part of the Economic Recovery Plan stood at MVR1,284.1 million [update].

Maldives 05B 05B - Income support MVR The Edition. https://edition.mv/business/18270 (4 August 2020). Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/discount-electricity-bills (accessed 28 August 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/financial-aid-students-abroad (accessed 28 August 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/income-support-allowance (accessed 16 September 2020, 2 October 2020).

(i) As of May 2020, MVR48.2 million has been disbursed as the Government subsidized 40% of electricity utility bills of April and May 2020; (ii) As of May 2020, MVR10.2 million has been disbursed as the Government subsidized 30% of water utility bills of April and May 2020; (iii) No amount/estimate: August 4, the Ministry of Tourism reduced the fine imposed on late rent fees for tourist establishments from 0.5% to 0.0493%; (iv) No amount/estimate: Under the Financial Aid for Students Abroad under the Economic Recovery Plan, students would be paid for a maximum period of 2 months, in relation to the stipend rates set by the Ministry of Higher Education (MoHE). Eligible students will get a daily allowance corresponding to living allowance for their country of study, but will be capped at USD50 per day; (v) As of September 24, MVR89.8 million under the Income Support Allowance that is part of the Economic Recovery Plan has been disbursed [update].

Maldives 09 09 - International Assistance Provided MVR
Maldives 09A 09A - Swaps MVR
Maldives 09B 09B - International loans/grants MVR
Maldives 11 11 - Other Economic Measures MVR Ministry of Finance. https://www.finance.gov.mv/media/news/mvr-25-million-economic-recovery-plan (accessed 13 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19 (accessed 26 May 2020); The Edition. https://edition.mv/news/19115 (accessed 16 September 2020).

(i) April, Reduce recurrent expenditure by MVR1 billion; (ii) September 13, The Ministry of Finance decided to reassess and amend the state budget declared for the year 2020 due to the significant reduction in revenue generated by the state in the wake of the ongoing COVID-19 pandemic.

Nepal 03 03 - Direct long-term lending NPR
Nepal 03A 03A - Long-term lending NPR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 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).