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

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

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

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

Arab Republic of Egypt 07 07 - Central bank financing government EGP
Arab Republic of Egypt 07A 07A - Direct lending and reserve drawdown EGP
Arab Republic of Egypt 07B 07B - Secondary purchase: government securities EGP
Argentina 03 03 - Direct long-term lending ARS 40,620,000,000 647,330,677
Argentina 03A 03A - Long-term lending ARS 40,620,000,000 647,330,677 Yale. (accessed 15 May 2020). Government of Argentina. (accessed 30 October 2020).

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

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

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

Argentina 07 07 - Central bank financing government ARS
Argentina 07A 07A - Direct lending and reserve drawdown ARS
Argentina 07B 07B - Secondary purchase: government securities ARS
Brazil 03 03 - Direct long-term lending BRL
Brazil 03A 03A - Long-term lending BRL
Brazil 03B 03B - Forbearance BRL Ministry of Economy (accessed June 25). IMF. (accessed 16 April 2020).

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

Brazil 07 07 - Central bank financing government BRL SPGlobal. (accessed 30 May 2020).

7 May 2020, Brazil's Congress approved a constitutional amendment to enable BCB to implement quantitative easing program.

Brazil 07A 07A - Direct lending and reserve drawdown BRL
Brazil 07B 07B - Secondary purchase: government securities BRL
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. (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. (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 07 07 - Central bank financing government IRR
Islamic Republic of Iran 07A 07A - Direct lending and reserve drawdown IRR
Islamic Republic of Iran 07B 07B - Secondary purchase: government securities 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). (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 from The Fovissste and the Infonavit to grant housing loans during these nine months of the year.

Mexico 03B 03B - Forbearance MXN
Mexico 07 07 - Central bank financing government MXN 200,000,000,000 9,103,737,084
Mexico 07A 07A - Direct lending and reserve drawdown MXN
Mexico 07B 07B - Secondary purchase: government securities MXN 200,000,000,000 9,103,737,084 Bank of Mexico. (accessed 30 March) (accessed 30 April 2020).

(i) 20 March 2020, Banco de Mexico announced collaboration with the Ministry of Finance to strengthen the Government Debt Market Makers Program; Banco de Mexico will provide swaps of government securities and amend the purchase option of government securities for market makers to allow exercise of the option on the 2nd banking day following the auction rather than the 1 day; (ii) MXN100 billion - Swaps of government securities in which it will receive long-term securities (10 years and longer) and will deliver other with maturities of up to 3 years; (iii) MXN100 billion - Government securities term repurchase window in which Banco de México facilitates an orderly intermediation of government securities (Cetes, Bonos M, Udibonos, Bondes D and BPAs), which will benefit financial institutions with liquidity needs.

Nigeria 03 03 - Direct long-term lending NGN
Nigeria 03A 03A - Long-term lending NGN
Nigeria 03B 03B - Forbearance NGN IMF. (accessed 4 May 2020). KPMG. (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 07 07 - Central bank financing government NGN
Nigeria 07A 07A - Direct lending and reserve drawdown NGN
Nigeria 07B 07B - Secondary purchase: government securities 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. (accessed 6 May 2020); CBR. (accessed 6 May 2020); IMF. (accessed 21 May 2020).

(i) 20 March 2020, 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. (accessed 6 May 2020), CBR. (accessed 6 May 2020). IMF. (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) 27 March 2020, 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) 31 March 2020, 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) 17 April 2020, 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 1 March 2020.

Russian Federation 07 07 - Central bank financing government RUB 20,000,000,000 272,783,193
Russian Federation 07A 07A - Direct lending and reserve drawdown RUB 20,000,000,000 272,783,193 Ministry of Economic Development Russian Federation. (accessed 2 July 2020).

25 June 2020, Allocated RUB20 billion from the reserve fund to carry out preventative disinfection measures for small and medium-sized enterprises (SMEs) and socially-oriented non-governmental organizations. This amount is also reflected in Measure 5A.

Russian Federation 07B 07B - Secondary purchase: government securities RUB