Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Australia 03 03 - Direct long-term lending AUD
Australia 03A 03A - Long-term lending AUD
Australia 03B 03B - Forbearance AUD
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).

July 6, 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. June 2, 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.

Belgium 03 03 - Direct long-term lending EUR
Belgium 03A 03A - Long-term lending EUR
Belgium 03B 03B - Forbearance EUR 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 September 30, 2020. As of July 24, this has been extended to end-December, 2020.

Canada 03 03 - Direct long-term lending CAD 25,000,000,000 17,917,935,854
Canada 03A 03A - Long-term lending CAD 25,000,000,000 17,917,935,854 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.

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) Mortgage Payment Deferral from the Canada Mortgage and Housing Corporation, in which interest on mortgage deferrals is added to the principal; no amount/estimate; (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; June 30, 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;

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).

March 19, DKK1.5 billion expected increase in the utilization of Danish students’ Loan Scheme that was temporarily extended.

Denmark 03B 03B - Forbearance DKK
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 Union 03 03 - Direct long-term lending EUR 472,280,000,000 522,433,628,319
European Union 03A 03A - Long-term lending EUR 472,280,000,000 522,433,628,319 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).

(i) March, the EIB dedicated EUR 10 billion in asset-backed securities (ABS) purchasing programs to allow banks to transfer risk on portfolios of SME loans; (ii) 9 April, EU finance ministers decided to establish Pandemic Crisis Support credit lines within the framework of the European Stability Mechanism (ESM). Access granted will be 2% of the respective country's GDP as of end-2019, as a benchmark (about EUR 240 billion in total). The credit line will be available until the COVID-19 crisis is over. The only requirement to access the credit line is that euro area Member States requesting support would commit to use this credit line to finance direct and indirect healthcare, cure and prevention related costs due to the COVID 19 crisis. On May 15, the Board of Governors of the ESM approved the establishment of Pandemic Crisis Support ; (iii) No amount/estimate: European Green Deal investments will remain a priority as part of the EU's efforts to kickstart its economy post-crisis. One of the three sources of funds for this initiative is a public sector loan facility with the European Investment Bank backed by the EU budget to mobilise between EUR25 and EUR30 billion of investments. For investments in, for instance, district heating networks and renovation of buildings; (iv) April 24, Approved EUR 5 billion in new financing for businesses affected by the coronavirus, and for the development of medica ltechnology. 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; (v) 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 ; (vi) 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 ; (viii) July 21, EIB provided EUR300 million in loans to the Autonomous Province of Trento for sustainable projects and post-COVID-19 reconstruction; (ix) July 22, EIB provided EUR125 million in loans for Greece's 826 MW Mytilineos power plant to support energy transition; (x) 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 ; (xi) 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
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: March 20, easier re-borrowing of pension contributions allowed.

Finland 03B 03B - Forbearance EUR
France 03 03 - Direct long-term lending EUR 84,700,000,000 93,694,690,265
France 03A 03A - Long-term lending EUR 84,700,000,000 93,694,690,265 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).

See item (i) of Loan Guarantees in Measure 2; (ii) March 25, EUR80 billion in loans for startups; (iii) EUR3 billion loan to Air France ; (iv) No amount/estimate: July 2, 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 .

France 03B 03B - Forbearance EUR
Germany 03 03 - Direct long-term lending EUR 3,550,000,000 3,926,991,150
Germany 03A 03A - Long-term lending EUR 3,550,000,000 3,926,991,150 Reuters. https://reut.rs/3djjklp (accessed 2 May 2020); Federal Ministry of Finance. https://bit.ly/2YPVHf6 (accessed 31 May 2020).

(i) April 27, EUR550 million loan to Condor, a German leisure airline; (ii) May 25, Lufthansa gets a EUR9 billion support, of which EUR3 billion is a KfW syndicated loan (private banks will contribute EUR600 million).

Germany 03B 03B - Forbearance EUR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 21 May 2020); Federal Ministry of Economy and Energy. https://www.bmwi.de/Redaktion/DE/Pressemitteilungen/2020/20200707-altmaier-mit-5-punkte-massnahmepaket-unterstuetzen-wir-deutsche-exportwirtschaft.html (accessed 12 July 2020).

No amount/estimate: (i) May, A payment moratorium on consumer loans established before March 15 is granted until June 30, 2020 if the debtor is financially affected by the COVID-19 crisis; (ii) July 1, New insolvency law making cheaper and easy to file for insolvency for companies and consumers; (iii) July 7, Improved financing conditions for new export transactions (e.g., reduced down payments and delayed repayments for certain transactions). This is part of the package of measures announced to support the export industry.

Ireland 03 03 - Direct long-term lending EUR 1,557,600,000 1,723,008,850
Ireland 03A 03A - Long-term lending EUR 1,557,600,000 1,723,008,850 OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020); SBCI. https://sbci.gov.ie/schemes/covid-19-loan-application (accessed 18 April 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/April/08042020.html (acccessed 2 May 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/July/30072020.html (accessed 1 August 2020).

(i) March 9, EUR200 million for the Rescue and Restructuring Scheme available through Enterprise Ireland for vulnerable but viable firms. The scheme would offer loans repayable over a period of 18 months; April 8, (ii) EUR650 million for the SBCI's working capital and longer-term loan schemes; (iii) EUR180 million Sustaining Enterprise Fund for firms in the manufacturing and international services sectors; (iv) EUR7.6 million funding support for online trading; (v) EUR20 million for Microfinance Ireland loans with interest rates dropped from 7.8% to 4.5%; (vi) EUR500 million expansion to the Future Growth Loan Scheme, the government’s scheme to support SMEs, farmers and fishing. The additional funding will be provided by the European Investment Bank Group.

Ireland 03B 03B - Forbearance EUR
Italy 03 03 - Direct long-term lending EUR 450,000,000 497,787,611
Italy 03A 03A - Long-term lending EUR
Italy 03B 03B - Forbearance EUR 450,000,000 497,787,611 Invitalia. https://www.invitalia.it/ (accessed 18 April 2020); OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020).

(i) EUR50 million allocation for one-year suspension in repayment of loans to Invitalia (national development agency owned by the Ministry of Economy) to support SMEs in the most affected municipalities; (ii) EUR400 million for households, moratorium on debt payments, including mortgages.

Japan 03 03 - Direct long-term lending JPY
Japan 03A 03A - Long-term lending JPY IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020)

Concessional loans from public and private financial institutions (included in the amount of the Emergency Economic Package Against COVID-19; see Measure 5).

Japan 03B 03B - Forbearance JPY
Luxembourg 03 03 - Direct long-term lending EUR 1,000,000,000 1,106,194,690
Luxembourg 03A 03A - Long-term lending EUR 1,000,000,000 1,106,194,690 SNCI. https://www.snci.lu/newsfeed/publications/covid-19-special-anti-crisis-financing/ (accessed 13 April 2020); European Commission. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_516 (accessed 11 April 2020); Mutualite de Cautionnement. https://www.cautionnement.lu/actualites/detail/pme-grandes-entreprises-et-independants-lancement-de-laide-remboursable-covid-19-de-500000-euros/ (accessed 13 April 2020)

(i) EUR700 million new loan facility by Societe Nationale de Credit et d'Investissement (SNCI, a public bank) in collaboration with commercial banks, with maximum duration of 5 years; (ii) March 25, EUR300 million for repayable advances to companies, as well as liberal professions, to cover operating costs (repayment will begin 12 months after obtaining the repayable advance).

Luxembourg 03B 03B - Forbearance EUR Clifford Chance. https://www.cliffordchance.com/content/dam/cliffordchance/briefings/2020/03/Covid-19-Luxembourg-government-takes-economic-measures.pdf (accessed 15 April 2020)

No amount/estimate: (i) The SNCI has announced the relaxation of repayment conditions for existing loans granted by it, suspending principal repayments for direct and indirect loans at the March 31 and June 30 maturities. The duration of all these financings will be automatically extended by 6 months; (ii) April, Commitment by Luxembourg banks to offer a 6-month moratorium on loans for SMEs, self-employed and liberal professionals.