Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Cook Islands 03 03 - Direct long-term lending NZD
Cook Islands 03A 03A - Long-term lending NZD
Cook Islands 03B 03B - Forbearance NZD
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
Federated States of Micronesia 03 03 - Direct long-term lending USD
Federated States of Micronesia 03A 03A - Long-term lending USD
Federated States of Micronesia 03B 03B - Forbearance USD
Fiji 03 03 - Direct long-term lending FJD 100,000,000 45,380,287
Fiji 03A 03A - Long-term lending FJD 100,000,000 45,380,287 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).

The Reserve Bank of Fiji raised its Import Substitution and Export Finance Facility by FJD100 million to provide credit to exporters, large scale commercial agricultural farmers, public transportation and renewable energy businesses at concessional rates; No amount/estimate: Announced a concessional loans initiative for MSMEs impacted by COVID-19.

Fiji 03B 03B - Forbearance FJD
Kiribati 03 03 - Direct long-term lending AUD
Kiribati 03A 03A - Long-term lending AUD
Kiribati 03B 03B - Forbearance AUD
Marshall Islands 03 03 - Direct long-term lending USD
Marshall Islands 03A 03A - Long-term lending USD
Marshall Islands 03B 03B - Forbearance USD
Nauru 03 03 - Direct long-term lending AUD
Nauru 03A 03A - Long-term lending AUD
Nauru 03B 03B - Forbearance AUD
Niue 03 03 - Direct long-term lending NZD
Niue 03A 03A - Long-term lending NZD
Niue 03B 03B - Forbearance NZD
Palau 03 03 - Direct long-term lending USD
Palau 03A 03A - Long-term lending USD
Palau 03B 03B - Forbearance USD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 01 May 2020).

No amount/estimate: (i) Some private banks have introduced loan deferral and forbearance programs for three months; and (ii) The National Development Bank of Palau announced plans to provide financial relief to affected business and households, including interest only payments, term extension, loan consolidation, and temporary payment deferral.

Papua New Guinea 03 03 - Direct long-term lending PGK 600,000,000 176,097,676
Papua New Guinea 03A 03A - Long-term lending PGK 600,000,000 176,097,676 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 8 May 2020).

The government has announced PGK600 million credit line to support businesses and individuals in coordination with the banks and financial institutions.

Papua New Guinea 03B 03B - Forbearance PGK IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 8 May 2020).

No amount/estimate: The government is working with the commercial banks to provide a 3-month buffer on loan repayments. To cover for the 3-month loan repayment holiday, BPNG will relax prudential standards relating to asset quality, capital adequacy and loan-loss provisioning.

Samoa 03 03 - Direct long-term lending WST
Samoa 03A 03A - Long-term lending WST
Samoa 03B 03B - Forbearance WST IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 19 August 2020).

No amount/estimate: April, The proposed fiscal and economic response package includes provision of a 3-month grace period to be applied for all loan payments.

Solomon Islands 03 03 - Direct long-term lending SBD
Solomon Islands 03A 03A - Long-term lending SBD International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 19 August 2020).

No amount/estimate: May, The central bank will be rolling out an export-import facility to assist businesses with opportunities for competitive financing.

Solomon Islands 03B 03B - Forbearance SBD IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 19 August 2020).

No amount/estimate: May, The government is encouraging commercial banks to grant a 3 to 6-month grace period for all loan repayments.

Tonga 03 03 - Direct long-term lending TOP
Tonga 03A 03A - Long-term lending TOP
Tonga 03B 03B - Forbearance TOP IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).

No amount/estimate: (i) The Government of Tonga announced a 3-month moratorium on Government Development Loans and TC Gita Recovery Loan Fund; (ii) Commercial banks are assisting their customers affected by the COVID-19 virus on a case by case basis and depending on individual customers’ circumstances by (a) reducing or suspending the principal loan repayments to interest only loan repayments; (b) restructuring loans to businesses that have reduced business hours, in affected sectors such as tourism and related industries like transportation and to individuals who have been laid off; (c) extending the terms of loans to reduce repayments; (d) reducing loan interest rates on a case by case basis; and (e) providing access to short-term funding, if required.