|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Australia||03||03 - Direct long-term lending||AUD|
|Australia||03A||03A - Long-term lending||AUD||Government of Australia. https://www.smartraveller.gov.au/COVID-19/covid-19-overseas-financial-assistance (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|
|Australia||07||07 - Central bank financing government||AUD||150,000,000,000||93,269,999,936|
|Australia||07A||07A - Direct lending and reserve drawdown||AUD|
|Australia||07B||07B - Secondary purchase: government securities||AUD||150,000,000,000||93,269,999,936||RBA. https://www.rba.gov.au/media-releases/2020/mr-20-13.html (accessed on 14 May 2020); RBA. https://www.rba.gov.au/covid-19/ (accessed 3 June 2020); RBA. https://www.rba.gov.au/media-releases/2020/mr-20-17.html (accessed 8 July 2020); RBA. https://www.rba.gov.au/media-releases/2020/mr-20-20.html (accessed 01 September 2020); RBA. https://www.rba.gov.au/media-releases/2020/mr-20-24.html (accessed 07 October 2020); RBA. https://www.rba.gov.au/speeches/2020/sp-gov-2020-11-03.html (accessed 04 November 2020).||
(i) April 2020, The RBA has announced yield targeting on 3-year government bonds at 0.25% through purchases of government bonds in the secondary market. On 5 May 2020, RBA has purchased AUD50 billion of Australia Government securities (AGS) and semis in the secondary market. 5 May, 2 June, 7 July, 1 September, and 6 October 2020, the RBA announced that it will maintain the current policy setting. 3 November 2020, RBA announced that it will reduce the 3-year yield target rate from 0.25% to 0.10%; (ii) 3 November 2020, The RBA announced that it intends to purchase AUD100 billion of government bonds issued by the Australian Government as well as by the states and territories over the next six months.
|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. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1275 (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. https://www.bmf.gv.at/presse/pressemeldungen/2020/juni/kreditmoratorium-verlaengert.html (accessed 04 June 2020); OECD. http://www.oecd.org/coronavirus/en/#country-tracker (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.
|Austria||07||07 - Central bank financing government||EUR|
|Austria||07A||07A - Direct lending and reserve drawdown||EUR|
|Austria||07B||07B - Secondary purchase: government securities||EUR|
|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. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1507 (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. https://news.belgium.be/fr/le-gouvernement-federal-se-prononce-en-faveur-dun-vaste-plan-de-soutien-socio-economique (accessed 19 November 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (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.
|Belgium||07||07 - Central bank financing government||EUR|
|Belgium||07A||07A - Direct lending and reserve drawdown||EUR|
|Belgium||07B||07B - Secondary purchase: government securities||EUR|
|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. https://www.canada.ca/en/department-finance/economic-response-plan.html (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. https://www.cmhc-schl.gc.ca/en/finance-and-investing/mortgage-loan-insurance/the-resource/covid19-understanding-mortgage-payment-deferral (accessed 10 June 2020). Canada Department of Finance https://www.canada.ca/en/department-finance/news/2020/06/government-announces-extension-of-rent-relief-program-for-small-businesses.html (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.
|Canada||07||07 - Central bank financing government||CAD||348,918,000,000||250,075,613,689|
|Canada||07A||07A - Direct lending and reserve drawdown||CAD||115,008,000,000||82,428,238,667||
BoC purchases of T-bills were in the primary market as they were auctioned; As of 6 January 2021, current T-bill holdings have increased by CAD27.694 billion since the end of February 2020, with the maximum increase occurring on 29 July 2020 at CAD115.008 billion. [update]
|Canada||07B||07B - Secondary purchase: government securities||CAD||233,910,000,000||167,647,375,022||Bank of Canada. https://www.bankofcanada.ca/rates/banking-and-financial-statistics/bank-of-canada-assets-and-liabilities-weekly-formerly-b2/ (accessed 10 June 2020).||
(i) Government of Canada Bond Purchase Program (GBPP): Purchases will begin with a minimum of CAD5 billion per week across the yield curve. The program will be adjusted as conditions warrant but will continue until the economic recovery is well underway; on 28 October 2020, BoC announced purchases would gradually decline to CAD4 billion per week; As of 6 January 2021, the increase in government bonds owned by BoC has risen to CAD230.394 billion since the purchases in response to COVID-19 began, which is also the peak figure [update]; (ii) 3 June 2020, Bank of Canada began purchasing Government of Canada Real Return Bonds; as of 6 January 2021, the purchased amount is CAD3.516 billion, which is also the peak value (pre-COVID BoC did not hold government real return bonds). [update]
|Denmark||03||03 - Direct long-term lending||DKK||1,500,000,000||222,073,276|
|Denmark||03A||03A - Long-term lending||DKK||1,500,000,000||222,073,276||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020).||
19 March 2020, DKK1.5 billion expected increase in the utilization of Danish students’ Loan Scheme that was temporarily extended.
|Denmark||03B||03B - Forbearance||DKK||
(xxiii) No amount/estimate: June 4, Banned predatory mortgage loan providers, and created rules to facilitate settlement of those loans;
|Denmark||07||07 - Central bank financing government||DKK|
|Denmark||07A||07A - Direct lending and reserve drawdown||DKK|
|Denmark||07B||07B - Secondary purchase: government securities||DKK|
|Finland||03||03 - Direct long-term lending||EUR||14,200,000,000||15,707,964,602|
|Finland||03A||03A - Long-term lending||EUR||14,200,000,000||15,707,964,602||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 18 May 2020).||
(i) EUR 14.2 billion (increased from EUR10 billion) to expand Finland’s Export Credit Agency's lending and guarantee capacity to small and medium enterprises; (ii) No amount/estimate: 20 March 2020, Easier re-borrowing of pension contributions allowed.
|Finland||03B||03B - Forbearance||EUR|
|Finland||07||07 - Central bank financing government||EUR|
|Finland||07A||07A - Direct lending and reserve drawdown||EUR|
|Finland||07B||07B - Secondary purchase: government securities||EUR|
|France||03||03 - Direct long-term lending||EUR||84,780,000,000||93,783,185,841|
|France||03A||03A - Long-term lending||EUR||84,780,000,000||93,783,185,841||OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020); Economie. https://www.economie.gouv.fr/coronavirus-startup-mesures-de-soutien-economique (accessed 15 April 2020); Economie. https://www.economie.gouv.fr/covid19-soutien-entreprises/soutien-filiere-livre (accessed 29 June 2020); Economie. https://www.economie.gouv.fr/covid19-soutien-entreprises/nouvelles-mesures-soutien-tresorerie-entreprises (accessed 5 July 2020); Economie. https://www.economie.gouv.fr/3-projet-loi-finances-rectificative-plfr-iii-2020# (accessed 4 July 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_2398 (accessed 11 December 2020).||
(i) See item (i) of Loan Guarantees in Measure 2; (ii) 25 March 2020, EUR80 billion in loans for startups; (iii) EUR3 billion loan to Air France; (iv) No amount/estimate: 2 July 2020, Repayable advances and loans for SME companies with liquidity problems; (v) EUR1.6 billion tourism loan offered by Bpifrance and the Groupe Caisse des Dépôts et Consignations; (vi) Additional EUR100 million loan for startups. (vi) 11 December 2020: (a) EUR18 million of soft loan and (b) EUR62 million of participating loan as part of France’s EUR106.7 million state aid measure [update].
|France||03B||03B - Forbearance||EUR|
|France||07||07 - Central bank financing government||EUR|
|France||07A||07A - Direct lending and reserve drawdown||EUR|
|France||07B||07B - Secondary purchase: government securities||EUR|