|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: September 2, Government announced interest-free loans to Australians who are stranded overseas and in financial distress [update].
|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|
|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.
|Netherlands||03||03 - Direct long-term lending||EUR||1,365,000,000||1,509,955,752|
|Netherlands||03A||03A - Long-term lending||EUR||1,365,000,000||1,509,955,752||OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020). Ministry of Economic Affairs and Climate. https://www.rijksoverheid.nl/ministeries/ministerie-van-economische-zaken-en-klimaat/nieuws/2020/05/28/uitbreiding-op-ondernemersregelingen-noodpakket-banen-en-economie (accessed 29 May 2020). NL Government. https://www.government.nl/topics/coronavirus-covid-19/news/2020/06/26/government-offers-financial-support-to-klm-as-a-result-of-the-corona-crisis (accessed 29 June 2020) European Commission. https://nltimes.nl/2020/05/29/government-backs-travel-vouchers-refunds-another-eu150-million (accessed 31 July 2020||
(i) EUR200 million available for bridging loans to start-ups, scale-ups and innovative small and medium enterprises. These loans will be provided through regional development companies in the Netherlands; (ii) Loans at reduced interest rates are available under the scheme in (ii) of Non-health, Measure 5; (iii) June 26, EUR1 billion in direct loans to KLM Airlines, to be given in tranches through to 2025; (iv) EUR165 million in subsidized loans to the five Dutch Travel Guarantee Funds that operate package travel guarantee schemes, subject to the following conditions: (a) the reduced interest rates will be above the minimum levels set in the Temporary Framework; (b) the loan contracts will be signed by 31 December 2020 at the latest; and (c) the maturity of the loans will not exceed six years.
|Netherlands||03B||03B - Forbearance||EUR||OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020). Rijksoverheid. https://www.rijksoverheid.nl/actueel/nieuws/2020/06/16/kabinet-treft-maatregelen-om-toename-mensen-met-schulden-op-te-vangen (accessed 18 June 2020)||
(i) No amount/estimate: The banking sector has responded by giving an automatic 6-month payment holiday (interest and amortisation) for all business loans of less than EUR2.5 million; (ii) No amount/estimate: Ban on forced home sales of homeowners who are temporarily unable to meet their mortgage obligations due to the corona crisis until 1 July (7 April) and automatic extension of temporary rent contracts until the end of June (8 April); (iii) No amount/estimate: June 17, Proposed the temporary deferral of debt payments by four months.
|New Zealand||03||03 - Direct long-term lending||NZD||900,000,000||544,332,890|
|New Zealand||03A||03A - Long-term lending||NZD||900,000,000||544,332,890||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Inland Revenue. https://www.ird.govt.nz/covid-19/business-and-organisations/small-business-cash-flow-loan (accessed 18 May 2020).||
(i) April, NZD0.9 billion debt funding agreement (convertible to equity) with Air New Zealand to ensure continued freight operations, domestic flights, and limited international flights; (ii) No amount/estimate: May, The New Zealand government provides loans of up to NZD100,000 to small businesses that employ 50 or less employees.
|New Zealand||03B||03B - Forbearance||NZD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); RBNZ. https://www.rbnz.govt.nz/news/2020/08/reserve-bank-extending-mortgage-deferral-scheme (accessed 24 August 2020).||
No amount/estimate: April: (i) NZL government, RBNZ, and the New Zealand Bankers Association announced a six-month principal and interest repayment deferrals to mortgage holders and SMEs affected by COVID-19; (ii) The government has also committed to a temporary law change to enable businesses to put existing debt into hibernation for 6 months; (iii) August 17, RBNZ announced an extension of the regulatory guidance for the mortgage deferrals program. The extension will apply until 31 March 2021, at which point the usual treatment will resume. Banks will still be able to offer deferrals to borrowers after this date, but they will not have the same concessionary regulatory treatment [update].