Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Afghanistan 03B 03B - Forbearance AFN
Afghanistan 07 07 - Central bank financing government AFN
Afghanistan 07A 07A - Direct lending and reserve drawdown AFN
Afghanistan 07B 07B - Secondary purchase: government securities AFN
Arab Republic of Egypt 03B 03B - Forbearance EGP World Bank. https://datacatalog.worldbank.org/dataset/covid-19-finance-sector-related-policy-responses (accessed 7 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).

No amount/estimate: (i) 24 March 2020, The government also introduced a six-month extension for credit repayments targeting all individuals and businesses, as well as the waiving of late fines for such repayments; (ii) 27 March 2020, Mortgage financing companies, factoring and leasing companies mandated to give a six-month grace period to any client who asks; (iii) New debt relief initiative for individuals at risk of default has also been announced, that will waive marginal interest on debt under EGP1 million if customers make a 50% payment; (iv) Microlenders have been instructed to also consider delays on a case-by-case basis, of up to 50% of the value of monthly installments for struggling clients.

Arab Republic of Egypt 07 07 - Central bank financing government EGP
Arab Republic of Egypt 07A 07A - Direct lending and reserve drawdown EGP
Arab Republic of Egypt 07B 07B - Secondary purchase: government securities EGP
Argentina 03B 03B - Forbearance ARS Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 27 April 2020).

No amount/estimate: (i) Extended maturities for debt issued under the Debt Regulatization Regime of Law No. 27,541 to small and medium-sized enterprises (SMEs) and micro-SMEs until June 30, 2020; (ii) Required financial institutions to automatically refinance unpaid credit card balances with a one-year term with 3 months grace, 9 equal and consecutive monthly installments and an annual nominal rate of 43%; (iii) Suspended punitive interest charges on unpaid balances of credits granted by financial entities, whose installments were due between April 1, 2020 and June 30, 2020.

Argentina 07 07 - Central bank financing government ARS
Argentina 07A 07A - Direct lending and reserve drawdown ARS
Argentina 07B 07B - Secondary purchase: government securities ARS
Armenia 03B 03B - Forbearance AMD
Armenia 07 07 - Central bank financing government AMD
Armenia 07A 07A - Direct lending and reserve drawdown AMD
Armenia 07B 07B - Secondary purchase: government securities AMD
Australia 03B 03B - Forbearance AUD
Australia 07 07 - Central bank financing government AUD 150,000,000,000 93,269,999,936
Australia 07A 07A - Direct lending and reserve drawdown AUD
Australia 07B 07B - Secondary purchase: government securities AUD 150,000,000,000 93,269,999,936 RBA. https://www.rba.gov.au/media-releases/2020/mr-20-13.html (accessed on 14 May 2020); RBA. https://www.rba.gov.au/covid-19/ (accessed 3 June 2020); RBA. https://www.rba.gov.au/media-releases/2020/mr-20-17.html (accessed 8 July 2020); RBA. https://www.rba.gov.au/media-releases/2020/mr-20-20.html (accessed 01 September 2020); RBA. https://www.rba.gov.au/media-releases/2020/mr-20-24.html (accessed 07 October 2020); RBA. https://www.rba.gov.au/speeches/2020/sp-gov-2020-11-03.html (accessed 04 November 2020).

(i) April 2020, The RBA has announced yield targeting on 3-year government bonds at 0.25% through purchases of government bonds in the secondary market. On 5 May 2020, RBA has purchased AUD50 billion of Australia Government securities (AGS) and semis in the secondary market. 5 May, 2 June, 7 July, 1 September, and 6 October 2020, the RBA announced that it will maintain the current policy setting. 3 November 2020, RBA announced that it will reduce the 3-year yield target rate from 0.25% to 0.10%; (ii) 3 November 2020, The RBA announced that it intends to purchase AUD100 billion of government bonds issued by the Australian Government as well as by the states and territories over the next six months.

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. 2 June 2020, 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.

Austria 07 07 - Central bank financing government EUR
Austria 07A 07A - Direct lending and reserve drawdown EUR
Austria 07B 07B - Secondary purchase: government securities EUR
Azerbaijan 03B 03B - Forbearance AZN IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020). CBA. https://www.cbar.az/press-release-2866/central-bank-decides-to-extend-package-of-additional-support-actions-to-financial-sector-in-connection-to-coronavirus-pandemic (accessed 4 January 2021).

No amount/estimate: (i) 23 April 2020, The CBA announced a moratorium on late fees and interest rate penalties; (ii) 30 December 2020, Credit organizations were advised not to accrue additional penalty interest, penalties, and other penalties until 1 April 2021, as well as to submit negative information on borrowers to the credit bureau with a special note [update].

Azerbaijan 07 07 - Central bank financing government AZN
Azerbaijan 07A 07A - Direct lending and reserve drawdown AZN
Azerbaijan 07B 07B - Secondary purchase: government securities AZN
Bangladesh 03B 03B - Forbearance BDT Banglashesh Bank. https://www.bb.org.bd/ (accessed 29 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 15 May 2020).

BB took measures to waive credit card fees and interests, suspend loan interest payments.

Bangladesh 07 07 - Central bank financing government BDT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).

No amount/estimate: The Bangladesh Bank has announced that it will buy treasury bonds and bills from banks.

Bangladesh 07A 07A - Direct lending and reserve drawdown BDT
Bangladesh 07B 07B - Secondary purchase: government securities BDT
Belgium 03B 03B - Forbearance EUR Belgian Government. https://news.belgium.be/fr/le-gouvernement-federal-se-prononce-en-faveur-dun-vaste-plan-de-soutien-socio-economique (accessed 19 November 2020); 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 30 September 2020. As of 24 July 2020, this has been extended to end-December 2020. As of 11 November 2020, the Minister of Finance will extend, in consultation with the financial sector, the current moratorium for loans to companies.

Belgium 07 07 - Central bank financing government EUR
Belgium 07A 07A - Direct lending and reserve drawdown EUR
Belgium 07B 07B - Secondary purchase: government securities EUR
Bhutan 03B 03B - Forbearance BTN/INR Official Statement from the Office of the Prime Minister of Bhutan. https://bit.ly/2yrZXYx (accessed 29 April 2020); Royal Monetary Authority of Bhutan. https://www.rma.org.bt/pressrelease/Press%20Release%20on%20Interest%20Waiver%20on%20NPLs.pdf (accessed 12 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); PMO. https://bit.ly/3ggtGo2 (accessed 1 July 2020).

No amount/estimate: April 2020, Deferment of loans for 3 months (April–June 2020) (i) for all borrowers who had maintained their loan accounts in good standing, i.e., loans that were not non-performing loans (NPL) as of 29 February 2020; (ii) May 2020, The RMA announced that the interest waiver facility would also be extended to non-performing loan accounts. The government will finance 50% of the total interest payment and the financial institutions offered to support the other 50%. On 26 June 2020, the government announced to further extend interest waiver for another nine months for loans availed as of 10 April 2020 (see Measure 5B); (iii) 26 June 2020, the government announced a new monetary measure, i.e., deferment of loans for one year without penal interest. For borrowers willing and able to service their loans during this period, financial institutions offered to reduce the interest rate by one percentage point as an added incentive.

Bhutan 07 07 - Central bank financing government BTN/INR
Bhutan 07A 07A - Direct lending and reserve drawdown BTN/INR
Bhutan 07B 07B - Secondary purchase: government securities BTN/INR
Brazil 03B 03B - Forbearance BRL Ministry of Economy https://www.gov.br/economia/pt-br/assuntos/noticias/2020/junho/conselho-curador-do-fgts-suspende-pagamento-de-financiamentos-do-setor-de-mobilidade-urbana (accessed June 25). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 16 April 2020).

No amount/estimate: (i) Local firms affected by the crisis were granted a 3-month moratorium on bank loan repayments (principal and interest); (ii) Exporters’ inventory financing is being supported by extending maturities for existing and new export rediscount credits; (iii) Debt enforcement and bankruptcy proceedings (except in alimony cases) have been suspended; (iv) 23 June 2020, the Ministry of Economy suspends for up to 6 months payment to the Board of Trustees of the Severance Pay Fund (FGTS) from private urban public transport companies; the impact of suspended payments is approximately BRL51 million (entered in category 5B).

Brazil 07 07 - Central bank financing government BRL SPGlobal. https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/brazil-s-quantitative-easing-program-gets-approval-58531681 (accessed 30 May 2020).

7 May 2020, Brazil's Congress approved a constitutional amendment to enable BCB to implement quantitative easing program.