Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
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
Hong Kong, China 03 03 - Direct long-term lending HKD
Hong Kong, China 03A 03A - Long-term lending HKD
Hong Kong, China 03B 03B - Forbearance HKD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#P (accessed 6 May 2020). HKMA. https://www.hkma.gov.hk/eng/news-and-media/press-releases/2020/08/20200805-4/ (accessed 14 August 2020). Reuters. https://www.reuters.com/article/us-hongkong-economy-hkma/hong-kong-extends-loan-repayment-holiday-for-small-businesses-idUSKBN25T1QY?il=0 (accessed 2 September 2020).

No amount/estimate: Other measures by banks to the extent permitted by their risk management principles, including delay of loan payment, extension of loan tenors, and principal moratoriums for affected SMEs, sectors, and households as appropriate.This includes a pre-approved principal payment holiday for corporates and residential mortgages announced on April 17. On August 5, The HKMA announced a 90-day deferral of payments for trade facilities under the Pre-approved Principal Payment Holiday Scheme. On September 2, The HKMA extended the suspension of principal payments for small companies until April 30, 2021. [update]

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
Mongolia 03 03 - Direct long-term lending MNT 663,000,000,000 240,520,759
Mongolia 03A 03A - Long-term lending MNT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020).

No amount/estimate: April, A comprehensive set of fiscal measures has been announced, pending parliamentary approval in early April, including an increase in soft loans from the development bank to cashmere producers.

Mongolia 03B 03B - Forbearance MNT 663,000,000,000 240,520,759 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Mongolian News Agency. https://montsame.mn/en/read/228302 (accessed 12 June 2020); Bank of Mongolia. https://www.mongolbank.mn/eng/news.aspx?tid=1&id=2572 (accessed 11 August 2020).

(i) No amount/estimate: April 13, The BOM allowed existing consumption loan borrowers to defer their principal and interest payments by up to 12 months; (ii) June 12, The government of Mongolia, together with the BOM and commercial banks, has approved decisions to make 6-month deferrals on consumer and business loan repayment and their interests for 90 days, and to extend the repayment of mortgage loans by six months. The BOM announced that commercial banks have allowed to defer repayment of mortgage loans worth MNT500 billion in total since the decision was issued; (iii) August 7, The Monetary Policy Committee decided to prolong the implementation of restructuring and extending the maturity on consumer loans for lenders experiencing difficulties in their loan repayments due to the current economic circumstances until 31 of December 2020. Lending contracts of around 76,000 borrowers have been amended for issuance of consumer loans amounting to MNT663 billion (from the previous MNT500 billion).

People's Republic of China 03 03 - Direct long-term lending CNY 350,000,000,000 49,871,241,522
People's Republic of China 03A 03A - Long-term lending CNY 350,000,000,000 49,871,241,522 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 2020).

(i) CNY350 billion for policy banks’ credit extension to micro- and small enterprises. expansion of policy banks’ credit extension line to private and micro- and small enterprises (RMB 350 billion); (ii) In July, the State Council, China’s cabinet, announced it would allow 18 provincial-level governments to use up to 200 billion yuan ($28.9 billion) in total from this year’s 3.75 trillion-yuan quota of special-purpose bonds (SPBs) to inject funds into banks in their jurisdictions that need support. At the time, the government only specified one channel for investment - convertible bonds, which banks can use to replenish their core tier-one capital, the highest-quality capital that a bank has to absorb losses.

People's Republic of China 03B 03B - Forbearance CNY IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 2020); Xinhua. http://www.xinhuanet.com/english/2020-06/05/c_139117116.htm (accessed 8 June 2020); PBOC http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/4033015/index.html (accessed 12 June 2020).

(i) No amount/estimate: The government has also taken multiple steps to limit tightening in financial conditions, including measured forbearance to provide financial relief to affected households, corporates, and regions facing repayment difficulties including delay of loan payments and other credit support measures for eligible SMEs and households and tolerance for higher NPLs for loans by epidemic-hit sectors and SMEs; (ii) No amount/estimate: June 5, PBOC introduced a policy allowing small and micro businesses to apply for deferring their inclusive loan repayments, maturing by end-2020 to March 31, 2021, with penalty payment exempted by providing 1% of the capital of SMEs’ loan applying for deferring repayments as the incentives for the local small and medium-sized commercial banks who lent those loans. SMEs who benefit from this measure should keep effective guarantee or alternative arrangements, use the loans for production and business purposes, and promise to maintain employment stable .

Republic of Korea 03 03 - Direct long-term lending KRW 129,300,000,000,000 105,976,104,523
Republic of Korea 03A 03A - Long-term lending KRW 129,300,000,000,000 105,976,104,523 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 May 2020). OECD. http://www.oecd.org/coronavirus/en/ (accessed 11 May 2020). FSC. http://www.fsc.go.kr/eng/new_press/releases.jsp?menu=01&bbsid=BBS0048 (accessed 25 June 2020). FSC. http://www.fsc.go.kr/eng/new_press/releases.jsp?menu=01&bbsid=BBS0048 (accessed 25 June 2020).

(i) March 24, The government announced an additional financial support package of KRW100 trillion (USD80 billion) to boost local business and ease the financial burden on households and businesses: (a) expansion of financial loans and guarantees for SMEs and affected households and businesses (KRW58 trillion), (b) creation of a bond market stabilisation fund to purchase corporate bonds and commercial paper (KRW20 trillion). (ii) April 22, Further augmentation of KRW35 trillion mainly through creation of a special purpose vehicle (SPV) to purchase corporate bonds and commercial paper (KRW 20 trillion) and additional funds for SME lending (KRW 10 trillion). (iii) KRW5 trillion working capital support program for SME subcontractors in key industries to be financed by injecting equity into an SPV which will create a pool of underlying assets by purchasing loans and will issue primary collateralized loan obligations while management of loans will be carried out by creditor banks.

Republic of Korea 03B 03B - Forbearance KRW
Taipei,China 03 03 - Direct long-term lending TWD
Taipei,China 03A 03A - Long-term lending TWD
Taipei,China 03B 03B - Forbearance TWD
Denmark 03 03 - Direct long-term lending DKK 1,500,000,000 222,057,735
Denmark 03A 03A - Long-term lending DKK 1,500,000,000 222,057,735 OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 30 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
Hong Kong, China 03 03 - Direct long-term lending HKD
Hong Kong, China 03A 03A - Long-term lending HKD
Hong Kong, China 03B 03B - Forbearance HKD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020).

No amount/estimate: Other measures by banks to the extent permitted by their risk management principles, including delay of loan payment, extension of loan tenors, and principal moratoriums for affected SMEs, sectors, and households as appropriate.

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 13 April 2020).

Concessional loans from public and private financial institutions (included in the amount of the Emergency Economic Package Against COVID-19 of JPY108.2 trillion).

Japan 03B 03B - Forbearance JPY
Mongolia 03 03 - Direct long-term lending MNT
Mongolia 03A 03A - Long-term lending MNT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020).

No amount/estimate: April, A comprehensive set of fiscal measures has been announced, pending parliamentary approval in early April, including an increase in soft loans from the development bank to cashmere producers.

Mongolia 03B 03B - Forbearance MNT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020).

No amount/estimate: April 13, The BOM allowed existing consumption loan borrowers to defer their principal and interest payments by up to 12 months.

People's Republic of China 03 03 - Direct long-term lending CNY 350,000,000,000 49,871,241,522
People's Republic of China 03A 03A - Long-term lending CNY 350,000,000,000 49,871,241,522 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 2020).

(i) CNY350 billion for policy banks’ credit extension to micro- and small enterprises; (ii) No amount/estimate: Additional financing support for corporates via increased bond issuance by corporates

People's Republic of China 03B 03B - Forbearance CNY IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 2020).

No amount/estimate: The government has also taken multiple steps to limit tightening in financial conditions, including measured forbearance to provide financial relief to affected households, corporates, and regions facing repayment difficulties including delay of loan payments and other credit support measures for eligible SMEs and households and tolerance for higher NPLs for loans by epidemic-hit sectors and SMEs.

Republic of Korea 03 03 - Direct long-term lending KRW 89,300,000,000,000 73,191,540,092 OECD. https://www.oecd.org/coronavirus/en/ (accessed 20 April 2020).

March 24, The government announced an additional financial support package of KRW100 trillion (USD80 billion) to boost local business and ease the financial burden on households and businesses: (i) expansion of financial loans and guarantees for SMEs and affected households and businesses (KRW58 trillion), (ii) creation of a bond market stabilisation fund (KRW20 trillion); and (iii) creation of a stock market stabilisation fund (KRW10.7 trillion; see also Measure 4).

Republic of Korea 03A 03A - Long-term lending KRW
Republic of Korea 03B 03B - Forbearance KRW
Taipei,China 03 03 - Direct long-term lending TWD
Taipei,China 03A 03A - Long-term lending TWD
Taipei,China 03B 03B - Forbearance TWD