Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Afghanistan 03A 03A - Long-term lending AFN
Arab Republic of Egypt 03A 03A - Long-term lending EGP 112,000,000,000 7,126,961,142 Arab News. https://www.arabnews.com/node/1787126/business-economy (accessed 7 January 2020); Central Bank of Egypt. https://www.cbe.org.eg/en/Pages/HighlightsPages/Circular-dated-18-June-2020-regarding-including-medium-start-ups-and-small-companies-related-to-large-groups-in-the-8-initi.aspx (accessed 19 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (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.

Argentina 03A 03A - Long-term lending ARS 40,620,000,000 647,330,677 Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 15 May 2020). Government of Argentina. https://www.argentina.gob.ar/noticias/el-gobierno-anuncio-una-linea-de-creditos-para-pymes-turisticas-con-un-ano-de-gracia-y-tasa (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.

Armenia 03A 03A - Long-term lending AMD UNESCAP. https://www.unescap.org/sites/default/files/Armenia_COVID%20Country%20profile%20041120.pdf (accessed 5 December 2020)

No amount/estimate: 27 March 2020, Preferential loans to SMEs in sectors including manufacturing, transportation and storage economy, tourism, other service sectors, and healthcare. The loans will be interest-free for the first 2 years and 12% for the third year.

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: 2 September 2020, Government announced interest-free loans to Australians who are stranded overseas and in financial distress.

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).

6 July 2020, 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.

Azerbaijan 03A 03A - Long-term lending AZN
Bangladesh 03A 03A - Long-term lending BDT 50,000,000,000 588,581,519 Ministry of Finance. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (accessed 29 June 6).

BDT50 billion for Special Fund for Salary support to export oriented manufacturing industry workers.

Belgium 03A 03A - Long-term lending EUR 287,000,000 317,477,876 European Commission. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1507 (accessed 7 September 2020).

(i) 21 August 2020, European Commission approved the EUR287 million Belgian loan to SN Airholding and its sole subsidiary, Brussels Airlines in the context of the coronavirus outbreak.

Bhutan 03A 03A - Long-term lending BTN/INR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 2 July 2020); PMO. https://bit.ly/3ggtGo2 (accessed 24 July 2020).

No amount/estimate: April 2020, Loans to cottage and small industries through the National Cottage and Small Industries (CSI) Development Bank (microloans at 2% concessional interest for agriculture and rural activities and working capital loans at 4% concessional interest rate for 3 months). On 26 June 2020, the government announced that the CSI loan will be extended for another 12 months.

Brazil 03A 03A - Long-term lending BRL
Brunei Darussalam 03A 03A - Long-term lending BND
Cambodia 03A 03A - Long-term lending KHR Royal Government of Cambodia (RGC). http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020).

26 May 2020: (i) Adjust the special financing plan of USD50 million through the Agricultural and Rural Development Bank (ARDB) and extend the provision of loans from this plan to the small and medium enterprises (SMEs) cluster; (ii) Adjust a special financing plan of USD100 million between SMEs and financial institutions to extend the coverage of loans to the enterprises in the medical equipment and medicine production sectors (See Measure 10: No breakdown).

Canada 03A 03A - Long-term lending CAD 49,705,000,000 35,624,440,065 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 (updated in (ii)); (ii) 11 August 2020: From the Canadian Government's "Fiscal Summary" cited in 5B below, Canada student loans--CAD1.93 billion; Alternative Credit Support for Businesses Unable to Access other Emergency Measures--CAD1.232 billion; Canada Emergency Business Account--CAD41.25 billion; Credit support for the agricultural sector--CAD5.2 billion; National Ecosystem Fund--CAD93 million.

Cook Islands 03A 03A - Long-term lending NZD
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).

19 March 2020, DKK1.5 billion expected increase in the utilization of Danish students’ Loan Scheme that was temporarily extended.

European Central Bank 03A 03A - Long-term lending EUR
European Union 03A 03A - Long-term lending EUR 251,902,500,000 278,653,207,965 OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020); EIB. https://www.eib.org/en/press/all/2020-346-ing-and-eib-group-come-to-the-aid-of-dutch-smes-and-mid-caps-during-covid-19 (accessed 7 December 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/press/all/2020-126-eib-board-approves-eur-25-billion-pan-european-guarantee-fund-to-respond-to-covid-19-crisis (accessed 18 December 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/2020-237-italy-eib-lends-eur500m-to-the-lazio-region-for-smes-mid-caps-infrastructure-environment-and-post-covid-19-recovery (accessed 18 September 2020); EIB. https://www.eib.org/en/press/all/2020-238-eib-and-idf-sign-eur50-million-loan-to-support-faster-post-covid-recovery-of-smes-and-mid-caps-in-montenegro (accessed 19 September 2020); ECB. https://www.eib.org/en/press/all/2020-242-eib-approves-eur-12-6-billion-financing-for-transport-clean-energy-urban-development-and-covid-19-resilience (accessed 19 September 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/IP_20_1773 (accessed 3 October 2020); EIB. https://www.eib.org/en/press/all/2020-254-eib-and-hbor-ag+L15ree-on-covid-19-recovery-package-for-croatian-smes-and-mid-caps (accessed 13 October 2020); ECB. https://www.bankingsupervision.europa.eu/press/pr/date/2020/html/ssm.pr200917~eaa01392ca.en.html (accessed 19 September 2020); EIB. https://www.eib.org/en/press/all/2020-274-eib-approves-eur-5-1-billion-for-covid-19-resilience-clean-energy-rail-transport-and-urban-development (accessed 17 October 2020). EIB. https://www.eib.org/en/press/all/2020-342-eib-supports-hungarian-healthcare-sector-during-covid-19-pandemic-with-eur162-5-million (accessed 4 December 2020); EIB. https://www.eib.org/en/press/all/2020-372-eib-group-backs-eur-12-5-billion-covid-19-support-business-clean-energy-transport-and-urban-investment (accessed 5 January 2021); EIB. https://www.eib.org/en/press/all/2021-020-eib-group-and-btv-join-forces-to-provide-additional-lending-to-smes-and-mid-caps (accessed 22 January 2021).

(i) March 2020, the EIB dedicated EUR10 billion in asset-backed securities (ABS) purchasing programs to allow banks to transfer risk on portfolios of SME loans. 10 December 2020: The EIB and EIF issued a EUR795 million guarantee to ING, which will support new lending to Dutch SMEs and Mid-Caps to mitigate impact from COVID-19; (ii) 23 April 2020, Approved EUR5 billion in new financing for businesses affected by the coronavirus, and for the development of medical technology. EUR3 billion was dedicated to businesses in Spain and Italy. The approval represents an extension of the loan package first identified on 16 March 2020; (iii) 26 May 2020, 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 on 15 and 13 July 2020 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; (iv) 15 July 2002, EUR14.7 billion from a EUR16.6 billion EIB approved amount (less EUR1.9 billion for Egypt's transport and SME sectors)  for COVID-19 health response and economic resilience, climate, clean transport, energy and housing; (v) 21 July 2020, EIB provided EUR205 million in loans to Adif Alta Velocidad (Spanish rail network) to promote the development of rail infrastructure; (vi) 21 July 2020, EIB provided EUR300 million in loans to the Autonomous Province of Trento for sustainable projects and post-COVID-19 reconstruction; (vii) 22 July 2020, EIB provided EUR125 million in loans for Greece's 826 MW Mytilineos power plant to support energy transition; (viii) 31 July 2020, EIB signed a second tranche worth EUR40 million for the rehabilitation of 180 kilometers 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; (ix) 11 September 2020, EIB lends EUR500 million to the Lazio Region for SMEs, mid-caps, infrastructure, environment and post COVID-19 recovery; (x) 14 September 2020, Montenegrin SMEs and mid-caps in tourism and other sectors severely affected by COVID-19 will benefit from EUR50 million loan that the EIB has signed with the Montenegrin Investment and Development Fund; (xi) 18 September 2020, EIB approves EUR12.6 billion financing for transport, clean energy, urban development and COVID-19 resilience; (xii) 1 October 2020, The EIB Group has provided a mezzanine tranche guarantee of around EUR125 million to Germany’s Commerzbank AG on loans to SMEs and mid-caps to mitigate the impact of the COVID-19 crisis; (xiii) 1 October 2020, The EIB will invest EUR100 million to support COVID-19 recovery of Croatian SMEs and mid-caps; (xiv) 13 October 2020, EIB approved a EUR1 billion direct lending support for companies and health investment in EU member states most impacted by COVID-19 and a EUR2.1 billion to support private sector investment with global financing partners. 4 December 2020, The EIB will invest EUR162.5 million to support the Hungarian healthcare sector’s response to the COVID-19 pandemic. (xvi) 16 December 2020, The EIB approved new financing totaling EUR12.5 billion to support companies impacted by COVID-19, alongside accelerating renewable energy, sustainable transport and urban investment across Europe and around the world. This includes EUR4.1 billion to strengthen public health and private sector resilience to the COVID-19 pandemic. New EIB financing will support medical and pharmaceutical innovation, including testing and treatment, hospital and public health investment and local business lending programs to help companies in sectors most impacted by the pandemic; (xvii) 19 January 2021, EIB Group synthetic securitization of around EUR130 million to enable BTV to lend more than EUR400 million to small and mid-sized businesses in Austria and Germany in response to COVID-19. The operation is backed by the European Fund for Strategic Investments (EFSI) guarantee under the Investment Plan for Europe.

Federated States of Micronesia 03A 03A - Long-term lending USD
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 15 October 2020).

(i) 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; (ii) As of 4 October 2020, The previously announced concessional loans initiative for MSMEs impacted by COVID-19 have totalled FJD22.5 million in approvals.

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: 20 March 2020, Easier re-borrowing of pension contributions allowed.

France 03A 03A - Long-term lending EUR 84,780,000,000 93,783,185,841 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); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_2398 (accessed 11 December 2020).

(i) See item (i) of Loan Guarantees in Measure 2; (ii) 25 March 2020, EUR80 billion in loans for startups; (iii) EUR3 billion loan to Air France; (iv) No amount/estimate: 2 July 2020, 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. (vi) 11 December 2020: (a) EUR18 million of soft loan and (b) EUR62 million of participating loan as part of France’s EUR106.7 million state aid measure.

Georgia 03A 03A - Long-term lending GEL
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) 27 April 2020, EUR550 million loan to Condor, a German leisure airline; (ii) 25 May 2020, Lufthansa gets a EUR9 billion support, of which EUR3 billion is a KfW syndicated loan (private banks will contribute EUR600 million).

Hong Kong, China 03A 03A - Long-term lending HKD
India 03A 03A - Long-term lending INR
Indonesia 03A 03A - Long-term lending IDR 695,200,000,000,000 45,753,175,358 Reuters. https://www.reuters.com/article/us-indonesia-economy/indonesia-says-to-lend-more-to-regions-to-support-economy-idUSKCN24S0EO?il=0 (accessed 27 July 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/pinjaman-ke-daerah-salah-satu-upaya-pemerintah-dukung-pemulihan-ekonomi-nasional/; https://www.kemenkeu.go.id/publikasi/berita/ini-relaksasi-pinjaman-daerah-yang-meringankan-pemerintah-daerah/ (accessed 7 August 2020).

27 July 2020, INR15 trillion loan scheme for the provincial governments of Jakarta and West Java and INR11.5 trillion lending for provincial governments to support economic recovery to be funded by proceeds from central bank purchases of government bonds. These are part of the new IDR695.2 trillion loan program announced by the government as part of the National Economic Recovery (PEN) program consisting of financing support to regional and local goverments, and fund placements in regional development banks.

Ireland 03A 03A - Long-term lending EUR 1,611,600,000 1,782,743,363 OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020); IE. https://www.gov.ie/en/press-release/97e147-minister-humphreys-announces-major-expansion-of-business-supports-fo/ (accessed 15 December 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/April/08042020.html (accessed 2 May 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/August/20200831.html (accessed 10 September 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/July/30072020.html (accessed 1 August 2020); DBEI. https://dbei.gov.ie/en/News-And-Events/Department-News/2020/October/20201013a.html (accessed 17 October 2020).

(i) 9 March 2020, 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; (ii) 8 April 2020, EUR650 million for the SBCI's working capital and longer-term loan schemes; (iii) 8 April 2020, 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 for COVID-19 loans with interest rates dropped from 7.8% to 4.5%. 31 August 2020, The Tánaiste and Minister for Enterprise, Trade and Employment, announced that EUR15 million is being made available to re-open the COVID-19 Loan Fund which assists businesses with fewer than ten employees, which have been impacted negatively by COVID-19. It provides much-needed funding to help microenterprises meet payments for stock, working capital requirements and other overhead expenses through the provision of low-cost lending facilities, which include a six-month repayment free moratorium and the equivalent of one-year interest free (subject to terms and conditions) with rates as low as 4.5% for the remaining period of the loan. The COVID-19 Loan scheme has seen a very strong uptake in recent months, with EUR18.6 million sanctioned to 683 businesses up to 31 July 2020; (vi) 30 July 2020, 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; (vii) 13 October 2020, Government presented 2021 budget including additional measures for COVID response: EUR39 million in continued access to low cost loans for business.

Islamic Republic of Iran 03A 03A - Long-term lending IRR 1,011,221,094,840,000 24,076,692,734 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020).

Subsidized loans for affected businesses and vulnerable households at 4.4% of GDP.

Italy 03A 03A - Long-term lending EUR
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).

Kazakhstan 03A 03A - Long-term lending KZT
Kiribati 03A 03A - Long-term lending AUD
Kyrgyz Republic 03A 03A - Long-term lending KGS 3,994,000,000 53,534,821 Kabar. http://en.kabar.kg/news/kyrgyz-national-bank-to-allocate-kgs-5.2-billion-to-support-countrys-economy/ (accessed 17 May 2020); Ministry of Finance. http://www.minfin.gov.kg/ru/novosti/novosti/gorodu-bishkek-budet-vydeleno-besprotsentnoy-byudz (accessed 28 June 2020).

(i) 10 May 2020, As part of the Kyrgyz Government’s anti-crisis plan, the National Bank of the Kyrgyz Republic will allocate: (a) KGS750 million to support small- and medium-sized businesses via Keremet Bank, (b) KGS1.5 billion for financing agriculture, and (c) KGS1 billion for microcredit companies; (ii) 22 June 2020, The Ministry of Finance, in cooperation with the Mayor's Office of Bishkek in accordance with the Budget Code of the Kyrgyz Republic, decided to allocate an interest-free budget loan to the city of Bishkek in the amount of KGS744 million to pay salaries and leave of the teachers working in educational institutions of the city of Bishkek.

Lao PDR 03A 03A - Long-term lending LAK
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) 25 March 2020, 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).

Malaysia 03A 03A - Long-term lending MYR 11,250,000,000 2,618,837,004 Prime Minister's Office of Malaysia. https://www.pmo.gov.my/wp-content/uploads/2020/04/Booklet-PRIHATIN-EN.pdf (accessed 19 April 2020); Bank Negara Malaysia (BNM). https://www.bnm.gov.my/covid19/bnmfunds.php (accessed 26 June 2020); Ministry of Finance. https://penjana.treasury.gov.my/pdf/PENJANA-Booklet-En-v3.pdf (accessed 26 June 2020). Prime Minister's Office of Malaysia. https://www.pmo.gov.my/2020/07/teks-ucapan-perkembangan-terkini-perintah-kawalan-pergerakan-pemulihan-pkpp/ (accessed 22 July 2020). 16th Laksana Report. https://www.treasury.gov.my/pdf/Speech-16th-Laksana-Report-Implementation-Of-PRIHATIN.pdf (accessed 14 August 2020); BNM. https://www.bnm.gov.my/-/new-and-enhanced-financing-facilities-for-smes-affected-by-covid-19 (accessed 21 January 2021); BNM. https://www.bnm.gov.my/-/establishment-of-rm1-billion-high-tech-facility-national-investment-aspirations-htf-nia-1 (accessed 21 January 2021). BNM. https://www.bnm.gov.my/o/covid-19/index.html (accessed 21 January 2021).

(i) 27 March 2020 in PRIHATIN: (a) Increasing the size of the All Economic Sector Facility Fund by MYR1 billion to MYR6.8 billion to enhance access to financing for SMEs. The maximum tenure is 5 years; (b) Increasing the size of the Special Relief Facility (SRF) fund by MYR3 billion to MYR5 billion for small and medium-sized enterprises (SMEs). The maximum tenure is 5.5 years including 6 months moratorium; and (c) Providing additional funds of MYR500 million under the Micro Credit Scheme to a total of MYR700 million for soft loans at 2% interest rate without collateral. Loan eligibility requirements are also relaxed to a minimum of 6 months of operation compared to 1 year of operation. The maximum tenure is 5 years; (ii) 5 June 2020 in Short-term National Economic Recovery Plan or PENJANA: (a) The Government will continue to provide loans to eligible enterprises for adoption or subscription of digitalization services under the SME Technology Transformation Fund totalling MYR500 million loan; (b) Under PENJANA SME Financing Facility, the banking sector will offer an additional MYR2 billion of funding to assist SMEs adversely impacted by COVID-19 sustain business operations at a concession rate of 3.5%; (c) PENJANA microfinancing, amounting to MYR400 million is a new funding program for SMEs and microenterprises at an interest rate of 3.5%. Aggregated approved financing will be capped at MYR50,000 per enterprise, and MYR50 million is earmarked for women entrepreneurs; (d) Bumiputera Relief Financing amounting to MYR500 million: (1) Perbadanan Usahawan Nasional Berhad (PUNB) will provide MYR200 million dedicated financial assistance for Bumiputera-owned businesses in the form of working capital, operational expenditure, system automation, equipment and expenditure to implement social distancing practices (eg. on PPEs), and financing of MYR100,000 – MYR1 million for up to 5 years at 3.5% per annum interest rate with moratorium of up to 6 months from disbursement; and (2) Through Majlis Amanah Rakyat (MARA) the Government will also allocate MYR300 million working capital loans to assist affected Bumiputera entrepreneurs including training colleges. Maximum loan amount of MYR1 million with 3.5% per annum interest rate; (e) Part of the Agriculture and Food Sector Support amounting to MYR350 million is allocated to microcredit financing under Agrobank for agropreneurs (including commodity players) with interest rate of 3.5%. Maximum loan size is MYR50,000, and tenure of loan is 5 years; (iii) 1 December 2020, As announced in the Budget 2021 speech, BNM is establishing a MYR2 billion Targeted Relief and Recovery Facility (TRRF). The facility is aimed at assisting eligible SMEs in the service sector. Eligible SMEs can obtain financing for working capital purposes of up to MYR500,000 for a tenure of up to 7 years, including a repayment moratorium of at least 6 months. The facility is offered at a rate of up to 3.5% per annum and is available through 21 participating financial institutions (PFIs), with guarantee coverage by Credit Guarantee Corporation (CGC) or Syarikat Jaminan Pembiayaan Perniagaan (SJPP); (iv) 15 December 2020, As announced in the Budget 2021 speech, BNM is establishing a MYR1 billion High Tech Facility-National Investment Aspirations (HTF-NIA). The facility is aimed at supporting high-tech and innovation-driven SMEs affected by COVID-19 to recover and revitalize the nation’s innovation capacity. Eligible SMEs include: (a) those in advanced manufacturing and service sectors, and (b) SME project participants in key government programs involved in research, development, and innovation for critical technologies. Eligible SMEs can obtain financing of up to MYR1 million for working capital purposes; up to MYR5 million to finance capital expenditure; or a combination of working capital and capital expenditure up to MYR5 million, for a tenure of up to 7 years. This facility is offered at a financing rate of up to 3.5% per annum for financing without guarantee or up to 5% per annum inclusive of guarantee fee (with guarantee coverage by Credit Guarantee Corporation Malaysia Berhad [CGC]).

Maldives 03A 03A - Long-term lending MVR Ministry of Finance. https://www.finance.gov.mv/covid-19/businesses/covid19-recovery-loan-scheme/sme (accessed 16 September 2020, 2 October 2020, 8 October 2020, 29 October 2020, 13 & 27 November 2020, 22 January 2021, 5 February 2021); Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/covid-recovery-loan-scheme (accessed 16 September 2020, 2 October 2020, 8 October 2020, 29 October 2020, 13 & 27 November 2020, 22 January 2021, 5 February 2021); Ministry of Finance. https://www.finance.gov.mv/covid-19/businesses/covid19-recovery-loan-scheme/large-businesses (accessed 16 September 2020, 2 October 2020, 12 October 2020, 29 October 2020, 13 & 27 November 2020, 22 January 2021, 5 February 2021).

20 March 2020, The Economic Recovery Plan was announced. The Plan includes: (i) COVID-19 Recovery Loan Scheme for SMEs wherein eligible SMEs may apply for loans up to 10% of its annual sales turnover for the past year (capped up to MVR500,000) at 6% interest per annum for a 3-year period. The repayment period excludes the grace period up to 6 months in which no interest is charged. Funding is contingent on SMEs not laying off local employees due to the COVID-19 outbreak and during the funding period. As of 28 January 2021, total disbursed amount was MVR333.2 million [update]; (ii) COVID-19 Recovery Loan Scheme for Self-employed and Freelance Individuals wherein eligible individuals may apply for loans up to MVR 30,000 at 6% interest per annum for a 3-year period. A grace period of up to 6 months is offered during which no interest is charged, and no payment of principal or interest is required Funding is conditional on the individual having worked in 6 of the last 12 months and earned a verifiable income during this period. As of 28 January 2021, total disbursed amount was MVR19.6 million [update]; and (iii) COVID-19 Recovery Loan Scheme for Large Businesses wherein funding is contingent on no layoffs of local employees due to COVID-19 outbreak at the time of application. For eligible businesses, this is an unsecured facility provided at 6% interest per annum for a 3-year period, including a maximum 6-month grace period in which no interest and principal payment will be made. As of 28 January 2021, total disbursed amount was MVR585.9 million [update].

Marshall Islands 03A 03A - Long-term lending USD
Mexico 03A 03A - Long-term lending MXN 225,000,000,000 10,241,704,220 International Monetary Fund (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (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.

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); BOM. https://www.mongolbank.mn/eng/news.aspx?tid=1&id=2682 (accessed 24 November 2020).

No amount/estimate: (i) April 2020, 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; (ii) 23 November 2020, The BOM will introduce a long-term refinancing instrument aimed at supporting SMEs and non-mining exports.

Myanmar 03A 03A - Long-term lending MMK 100,000,000,000 71,326,676 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020).

April 2020, A COVID 19 Fund worth MMK100 billion (USD70 million, 0.1% of GDP) has been established at the Myanmar Economic Bank to provide soft loans to affected business (particularly the priority garment and tourism sectors and small and medium enterprises [SMEs]) at reduced interest rates.