Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Bangladesh 04 04 - Equity support BDT
Bangladesh 05 05 - Health and income support BDT 346,065,000,000 4,073,749,264 IMF. (accesed 1 May 2020). The Financial Express. (accessed 26 June 2020).
Bangladesh 05A 05A - Health support BDT 8,500,000,000 100,058,858 Ministry of Finance. (accessed 29 June 6).

(i) BDT1 billion Special Honorarium for doctors, nurses, medical workers; (ii) BDT7.5 billion compensation in case infection/death.

Bangladesh 05B 05B - Income support BDT 337,565,000,000 3,973,690,406 Ministry of Finance. (accessed 29 June 6). Bangladesh Bank. (accessed 29 June 2020).

(i) BTD20 billion, the Ministry of Finance will subsidize interest payments as mentioned in Measure 2 on working capital loans by scheduled banks to businesses; (ii) BDT12.58 billion Cash Transfer to targeted poor people; (iii)BDT8.15 billion expansion of cash allowance programs; (iv) BDT25.03 billion free food distribution; (v) BDT2.51 billion OMS of rice at 10 taka/kg; (vi) BDT21.3 billion construction of home for homeless people; (vii) BDT8.6 billion additional procurement of paddy/rice (2.0 lac ton), (viii) BDT2.0 billion Support for farm mechanization; (ix) BDT95 billion subsidy for agriculture; (x) BDT20 billion employment creation through four State owned entities; (xi) Export Development Fund has been increased by USD1.5 billion; (xii) BDT20 billion subsidy for commercial bank's suspended interest of April-May, 2020; (xiii) No amount/estimate: Expatriate Bangladeshis can get 2% incentives without showing any paper on remittance upto $5,000 (earlier $1,500) and for more than $5,000

Bangladesh 06 06 - Budget reallocation BDT
Bhutan 04 04 - Equity support BTN/INR
Bhutan 05 05 - Health and income support BTN/INR 32,000,000,000 430,592,553
Bhutan 05A 05A - Health support BTN/INR 2,000,000,000 26,912,035 IMF. (accessed 24 July 2020); Ministry of Health. (accessed 22 July 2020).

(i) April, An additional resource of BTN2 billion will be provided to the Ministry of Health to meet health-related spending; (ii) No amount/estimate: July 20, The government announced the exemption of COVID19 testing fees for the following categories of travellers: (a) undergraduate students and (b) referred patients and patient attendants approved by the referral committee.

Bhutan 05B 05B - Income support BTN/INR 30,000,000,000 403,680,518 Official Statement from the Office of the Prime Minister of Bhutan (PMO). (accessed 13 April 2020); PMO. (accessed 6 May 2020); IMF. (accessed 24 July 2020); PMO. (accessed 18 June 2020); PMO. (accessed 1 July 2020); PMO. (accessed 20 July 2020).

April, The National Resilience Fund has been approved and established. With a fund size amounting to about BTN30 billion, the resources will support the implementation of the following activities: (i) Grant of the Druk Gyalpo’s Relief Kidu to people who have been laid off or placed on reduced salaries to provide them immediate financial support. April 30, The Druk Gyalpo's Relief Kidu has granted BTN150 million as the first disbursement of the Relief Kidu to 13,006 people. On June 26, the government announced that the Druk Gyalpo Relief Kidu will continue from July to September 2020, however, with revision in amounts. The Relief Kidu has granted about BTN700 million between April and June 2020 to over 23,000 affected people ; (ii) Interest waiver (50% of cost) - effective May 1, the Royal Monetary Authority announced that the interest waiver would also be extended to non-performing loan accounts for a period of three months (April–June). The government will finance 50% of the total interest payment and the financial institutions offered to support the other 50%. On June 11, The government handed over the e-fund payment to financial service providers for loan interest waiver for the month of April. The government is financing 50% of the interest waiver amounting to BTN625.96 million (Total amount of the interest waiver for April stands at BTN1.2 billion). On June 26, the government announced to further extend interest waiver for another nine months for loans availed as of April 10, 2020. Full interest waiver will be granted from July to September 2020, followed by a partial interest waiver (50%) from October 2020 to March 2021. The cost of interest payment for the nine months is estimated at BTN7.5 billion and will be fully granted from the National Resilience Fund ; (iii) Fast-track the implementation of the 12th Five Year Plan and wherever possible frontload the investments. June 26, In order to support front-loading of capital investments, procurement guidelines will be simplified including preferential treatment for local goods; (iv) Business income tax (BIT) and corporate income tax (CIT) filing and tax payment for the income year 2019 will be deferred until June 30. June 26, targeted tax deferments will be provided over the next six to 12 months; (v) Deferred payment of sales tax and customs duty on essential items (March–June); (vi) Waiver of payment of rent and other charges (April–June) by tourism-related business entities leasing government properties. June 26, rental waivers will be provided over the next six to 12 months; (vii) May 25, The government will be refunding the 5% sales tax collected on telecom services collected on or after January 16, 2020; (viii) No amount/estimate: July 1, Launched the Economic Contingency Plan (ECP) Series I, which aims to help various sectors, including tourism, agriculture, construction and improvement of farm roads.

Bhutan 06 06 - Budget reallocation BTN/INR 1,300,000,000 17,492,822 IMF. (accessed 24 July 2020).

April, A budget of BTN1.3 billion has been re-appropriated for health, essential food and fuel, quarantine and related initiatives.

European Central Bank 04 04 - Equity support EUR
European Central Bank 05 05 - Health and income support EUR
European Central Bank 05A 05A - Health support EUR
European Central Bank 05B 05B - Income support EUR
European Central Bank 06 06 - Budget reallocation EUR
European Union 04 04 - Equity support EUR 549,000,000 607,300,885 EIB. (accessed 29 April 2020); Yale. (accessed 29 April 2020); EC. (accessed 12 June 2020); EC. (accessed 27 August 2020).

(i) April 8, The Commission is launching ESCALAR, a new investment approach, developed together with the European Investment Fund (EIF), that will support venture capital and growth financing for promising companies. In its pilot phase, ESCALAR will provide up to EUR300 million backed by the European Fund for Strategic Investments (EFSI); (ii) April 24, EIB also approved an equity investment worth EUR75 million for the German company Curevac, through the EIB's Infectious Disease Financing Facility; (iii) June 8, EUR174 million equity investments from the European Innovation Council (EIC) Accelerator Pilot funding to innovative startups and SMEs; (iv) June, EUR5.3 billion for the Solvency Support Instrument that will work via an EU guarantee provided to the European Investment Bank (EIB) Group under the European Fund for Strategic Investments (EFSI). Solvency support will form a separate window under the EFSI to mobilise private capital. The EIB Group will use this guarantee to provide financing directly or invest, fund or guarantee equity funds, special purpose vehicles, investment platforms or national promotional banks. These intermediary funds or vehicles must be established and operate in the EU. The Solvency Support Instrument should predominantly channel solvency support through financial market intermediaries and only to a lesser degree facilitate direct support to companies by the EIB Group [update].

European Union 05 05 - Health and income support EUR 9,063,500,000 10,025,995,575
European Union 05A 05A - Health support EUR 3,944,500,000 4,363,384,956 OECD. (accessed 15 April 2020); EC. (accessed 1 August 2020).

(i) EUR800 million of the EU Solidarity Fund will be available by including a public health crisis within its scope, with a view of mobilizing it if needed for the hardest-hit EU member states; (ii) 19 March, the Commission decided to create a European civil protection stockpile of medical equipment (initial budget of EUR50 million, proposed to increase to EUR80 million) with a 90% Commission grant; (iii) 2 April, the Commission presented legislative proposals for an Emergency Support Instrument for the healthcare sector, (EUR3 billion) from the EU budget; (iv) EUR63 million, European Commission secures EU access to Remdesivir (first European treatment authorised for COVID-19).

European Union 05B 05B - Income support EUR 5,119,000,000 5,662,610,619 OECD. (accessed 15 April 2020); EC. (accessed 19 April 2020); IMF. (accessed 21 May 2020); EC. (accessed 12 June 2020); EC. (accessed 12 June 2020). EC. (accessed 9 July 2020); ESF. (accessed 5 September 2020); EC. (accessed 5 September 2020).

(i) Mobilised European Globalisation Adjustment Fund to support dismissed workers and those self-employed (up to EUR179 million available in 2020); (ii) no amount/estimate: March 19, EU Comission intends to allow State aid for struggling businesses and enable Member States to use the full flexibility foreseen under State aid rules. On May 8, the European Commission adopted a second amendment to extend the scope of the State aid Temporary Framework to recapitalization and subordinated debt measures to further support the economy in the context of the coronavirus outbreak. The amended Temporary Framework will be in place until the end of December 2020, except for recapitalization measures which has an extended period by the end of June 2021. The Commission will assess before these dates if they need to be extended. June 19, third amendment to the State aid extends Temporary Framework to enable Member States to provide public support under the Temporary Framework to all micro and small companies, even if they were already in financial difficulty on 31 December 2019; (iii) June 8, European Innovation Council (EIC) Accelerator Pilot fund issued grants of EUR140 million to innovative companies; (iv) June, EUR4.8 billion (in grants from the amended 2020 annual EU budget) for REACT-EU that will provide additional funding for the most important sectors that will be crucial to lay the basis for a sound recovery. This will involve investment to support job maintenance, including through short-time work schemes and support for the self-employed. The funds can also be used to support job creation and youth employment measures, to health care systems and the provision of working capital and investment support for small and medium-sized enterprises. Such support will be available across economic sectors, including for the much-affected tourism and culture sectors. The additional support will also serve to invest in the European Green Deal and digital transition, as an enhancement to the significant investment in those areas that is already taking place through EU cohesion policy [update].

European Union 06 06 - Budget reallocation EUR 1,000,000,000 1,106,194,690 OECD. (accessed 15 April 2020); EC. (accessed 19 April 2020).

March, the EIB redirected EUR1 billion from the EU Budget as a guarantee to the European Investment Fund to incentivize banks to provide liquidity to affected SMEs and mid-caps.

India 04 04 - Equity support INR
India 05 05 - Health and income support INR 11,838,186,220,000 159,294,838,251 Press Information Bureau. (accessed 24 June 2020). Financial Times. (accessed 14 May 2020). India Economics Update, Capital Economics. IMF. (accessed 3 July 2020)

(i) Three measures have already been announced as direct support to income/revenue. The first, mainly devoted to health, totalled around INR150 billion. The second, focusing on nonhealth initiatives, totalled around INR2 trillion. Finally, on May 13, USD112.5 billion in fiscal support was announced, which is part of the USD266 billion support package announced by Prime Minister Modi. Part of this will go towards new measures targeting businesses and expanding support for poor households. The complete breakdown is yet to be disclosed; (ii) May 17, an additional INR400 billion was allocated to provide employment boost; (iii) No amount/estimate: Other key measures announced include: (a) health reforms & initiatives by investing in health institutions, among others and (b) a program for digital education to be launched immediately; (iv) June 23, the Prime Minister CARES Trust Fund has allocated INR3 billion for both health and nonhealth initiatives; (v) June 12, the GST council announced that it would halve the interest rate charged on overdue filings of small businesses. On June 30, Prime Minister Modi announced that the provision of food rations to vulnerable households would be extended through end-November (0.4 percent of GDP).

India 05A 05A - Health support INR Press Information Bureau. (accessed 24 June 2020). IMF. (accessed 5 May 2020).

Prime Minister Modi announced that an additional INR150 billion will be devoted to health infrastructure, including for COVID-19 testing facilities, personal protective equipment, isolation beds, intensive care unit (ICU) beds, and ventilators; (ii) No amount/estimate: Reduction and/or eliminations of tariffs for imports of medical or surgical instruments and supplies along with eemptions fom "health cess"; (iii) June 23, Allocated from the Prime Minister CARES Trust fund INR2 billion for supply of 50000 ‘Made-in-India’ ventilators to government-run COVID19 hospitals.

India 05B 05B - Income support INR Press Information Bureau. (accessed 24 June 2020). Ministry of Finance. (accessed 17 June 2020). (accessed 21 May 2020). IMF. (accessed 3 July 2020).

(i) March 26, Finance Minister Sitharaman announced a stimulus package valued at approximately 0.8% of GDP. The key elements of the package are (a) in-kind (food, cooking gas) and cash transfers to lower-income households; (b) insurance coverage for workers in the health-care sector; and (c) wage support to low-wage workers (in some cases for those still working, and in other cases by easing the criteria for receiving benefits in the event of job loss); (ii) No amount/estimate: Several measures to ease the tax compliance burden across a range of sectors have also been announced, including postponing some tax filing and other compliance deadlines; (iii) Numerous state governments have also announced measures to support the health and well-being of lower-income households, primarily in the form of direct transfers (free food rations and cash transfers)-the magnitude of these measures varies by state, but on aggregate measures thus far amount to approximately 0.2% of India’s GDP; (iv) May 17, an additional INR400 billion was allocated to provide employment boost; (v) No amount/estimate: May 20, approved the extension of Pradhan MantriVayaVandanaYojana, a social security scheme for senior citizens, for three additional years until March 2023; (vi) June 12, Provided waiver of late fees and interest as well as reduced the 18% per annum rate to 9% per annum for late furnishing of tax returns for small tax payers; (vii) June 23, a sum of INR1 billion has been allocated from the PM Cares Trust Fund for the welfare of migrant laborers; (viii) June 30, Prime Minister Modi announced that the provision of food rations to vulnerable households would be extended through end-November (0.4% of GDP).

India 06 06 - Budget reallocation INR
Maldives 04 04 - Equity support MVR
Maldives 05 05 - Health and income support MVR 2,500,000,000 162,665,470 Ministry of Finance. (accessed 13 April 2020); IMF. (accessed 13 April 2020); Ministry of Finance. (accessed 26 May 2020). The Edition. 31 July 2020). The Edition. (accessed 31 July 2020).

March 20, To minimize the economic impact of the COVID–19 virus, the authorities announced an Economic Recovery Plan of MVR2.5 billion: (i) reduce the recurrent expenditure by MVR1 billion; (ii) increase the amount of funds allocated for the health sector; (iii) subsidize 40% of electricity bills and 30% of water bills for the months of April and May; (iv) provide special allowance to those who lose their jobs due to COVID-19; (v) arrange working capital for businesses through banks; (vi) defer principal and interest amount of loan repayments to Bank of Maldives (BML) by businesses and people who have been negatively impacted of COVID-19.

Maldives 05A 05A - Health support MVR World Trade Organization (WTO). (accessed 19 April 2020); Ministry of Finance. (accessed 28 August 2020).

(i) No amount/estimate: March 17, Temporary reduction of import tariffs on certain personal protective equipment like hand sanitizers, disinfectants, etc. Imports are also exempted from processing fees; (ii) As of August 20, total spending towards COVID-19 health and social efforts that is part of the Economic Recovery Plan stood at MVR1,147.5 million [update].

Maldives 05B 05B - Income support MVR The Edition. (4 August 2020). Ministry of Finance. (accessed 28 August 2020); Ministry of Finance. 28 August 2020). Ministry of Finance. (accessed 28 August 2020).

(i) As of May 2020, MVR48.2 million has been disbursed as the Government subsidized 40% of electricity utility bills of April and May 2020 [update]; (ii) As of May 2020, MVR10.2 million has been disbursed as the Government subsidized 30% of water utility bills of April and May 2020 [update]; (iii) No amount/estimate: August 4, the Ministry of Tourism reduced the fine imposed on late rent fees for tourist establishments from 0.5% to 0.0493%; (iv) As of August 20, MVR43.6 million under the Income Support Allowance that is part of the Economic Recovery Plan has been disbursed [update]; (v) No amount/estimate: Under the Financial Aid for Students Abroad under the Economic Recovery Plan, students would be paid for a maximum period of 2 months, in relation to the stipend rates set by the Ministry of Higher Education (MoHE). Eligible students will get a daily allowance corresponding to living allowance for their country of study, but will be capped at USD50 per day.

Maldives 06 06 - Budget reallocation MVR
Nepal 04 04 - Equity support NPR
Nepal 05 05 - Health and income support NPR
Nepal 05A 05A - Health support NPR IMF. (accessed 2 September 2020); Ministry of Finance. (accessed 6 July 2020).

No amount/estimate: (i) March 30, Health spending will be increased, including by providing additional insurance coverage to all medical personnel fighting the coronavirus, importing additional medical supplies (with duty on said items eliminated), and setting up quarantine centers and temporary hospitals; (ii) May 28, In the budget speech for fiscal year 2020/21, Finance Minister Khatiwada announced additional measures in the area of healthcare (the establishment of additional hospital facilities). The specific measures announced include (a) Testing facilities to be expanded in high risk zones; and additional quarantines with testing facilities to be established to allay public concern; (b) Healthcare and lab technicians will be eligible for encouragement allowance; and will be provided with personnel protective equipment; (c) Provision of free health insurance plan of up to NPR500,000 for all healthcare professionals combatting contagious diseases including novel coronavirus; (d) A 50% discount on annual fee applicable on a group corona insurance policy worth NPR100,000; (e) A 300-bed tropical disease hospital to be established in Kathmandu Valley in FY2021; (f) 250 ICU beds to be added in all government hospitals across Kathmandu valley and provincial capitals; (g) A 50-bed tropical disease hospital to be operationalized in all provincial capitals; (h) Capacity of National Public Health Laboratory to be enhanced to comply with international standards; modern health laboratories to be established in all provincial capitals; health desks equipped with requisite medical equipment to be established in all major international entry points; (i) Basic hospitals with 5-15 beds to be established in all local levels; 272 such hospitals to be established by FY2021.

Nepal 05B 05B - Income support NPR IMF. (accessed 2 September 2020); Ministry of Finance. (accessed 6 July 2020).

No amount/estimate: (i) March 30, Social assistance will be strengthened by providing those most vulnerable with daily food rations, subsidizing utility bills for low-usage customers, extending tax-filing deadlines, and taking measures to partially compensate those in the formal sector for lost wages in the event of job loss; (ii) April 26, Informal sector workers who have lost their jobs due to the ongoing crisis will be given the opportunity to participate in public-works projects for a subsistence wage or receive food worth 25% of local daily wage should they choose not to participate; (iii) May 28, The budget speech for fiscal year 2020/21 includes additional measures in the area of job creation (labor intensive in the construction sector, and training for work in manufacturing and service sectors). Some specfic measures include (a) Daily wagers in the informal sector who choose not to be included in either food-for-work or cash-for-work modalities will still be entitled to food worth one-fourth of minimum wage receivable; (b) Electricity bills will be completely waived for households consuming up to 10 units per month; a 25% discount on electricity bills for households consuming up to 150 units of electricity per month; and a 15% discount on electricity bills for households consuming up to 250 units per month; (c) Electricity demand charge during the nationwide lockdown to be waived for industries affected by COVID-19 pandemic; industries will be entitled to a 50% discount on electricity bills during low demand; (d) Government to deposit employer and employees’ social security contribution to SSF during the period of nationwide lockdown; (e) Prime Minister Employment Program will be further expanded across all three tiers of governments. Under this program, an additional 200,000 jobs will be generated; (f) Skill enhancement training programs to be launched at federal and provincial levels so that Nepali workers can fill in employment opportunities created with the departure of foreign migrant workers due to COVID-19 pandemic. It is expected that this initiative will generate an additional 50,000 jobs; (g) An additional 40,000 jobs will be generated through Small Farmers’ Credit Program operated via Small Farmers’ Development Micro Finance Institutions.

Nepal 06 06 - Budget reallocation NPR
Sri Lanka 04 04 - Equity support LKR
Sri Lanka 05 05 - Health and income support LKR 41,473,926,000 224,114,720
Sri Lanka 05A 05A - Health support LKR 2,845,151,000 15,374,484 (accessed 26 June 2020); SLRM. Covid-10 policy responses repository as of 2 July 2020.

(i) March 23, President Gotabaya Rajapaksa has pledged USD5 million (0.01% of GDP) to the South Asian Association for Regional Cooperation (SAARC) COVID-19 Emergency Fund; (ii) No amount/estimate: Steps were taken to increase the health system capacity; the government scaled up testing services; (ii) LKR100 million from the Presidential fund was used to establish a special fund for containment, mitigation and social welfare spending, inviting local and foreign tax-free donations. The primary focus of the fund is facilitating the containment of COVID-19 including, purchasing medication, medical equipment and capacity expansion; (iii) June 30, The government has allocated up to LKR1.2 billion (0.01% of GDP) for preventive measures.

Sri Lanka 05B 05B - Income support LKR 38,628,775,000 208,740,236 CBSL. (accessed 26 June 2020); CBSL. (accessed 10 July 2020); President Gotabaya Rajapaksa. (accessed 10 July 2020); Sri Lanka, Department of Government Information. (accessed 7 August 2020); Sri Lanka, Inland Revenue Department. (accessed 28 August 2020).

No amount/estimate: (i) March 17, Tax exemptions on the importation and supply of masks, disinfectant, machinery and equipment including medical, surgical, and dental instruments, and price ceilings on essential food item such as lentils, eggs and canned fish; (ii) March 24, The 2.4 million beneficiaries of the Samurdhi program will also receive food stamps for essential food items on a weekly basis; March 30: (iii) Two rounds of monthly cash transfers to poor and vulnerable households totaling around 0.25% of GDP was made in April and May; (iv) Payment of electricity and water utility bills (both electricity and water utility operators are state-owned entities) that are below LKR15,000 were extended until end April 2020; June 4: (v) No late payment charges will be imposed on income taxes up until 30 June 2020; (vi) June 25, Tax relief measures to SMEs in the form of wavering of income tax arrears on assessments issued up to the year of assessment 2018/19, non-issuance of additional assessments for the year 2019/20, granting grace period to settle taxes in arrears/default, extension on seizure notices, and extension of the dates for the payment of taxes and filing of tax returns; On July 3, Submission of various tax returns/statements was extended until Dec 31 [update]; (vii) June 26, Together with the credit gurantee, an interest subsidy scheme will be launched on 1 July 2020. CBSL will provide a 5% interest subsidy to cover the cost of funds of banks; (viii) No amount/estimate: July 15, Consumers were provided relief for electricity bills during the months of March to May, charging the lower February bill for these months, with a grace period of 2 months to settle the bill; the power supply disconnection normally done for late payments has also been temporarily suspended.

Sri Lanka 06 06 - Budget reallocation LKR
Bangladesh 04 04 - Equity support BDT
Bangladesh 05 05 - Health and income support BDT 37,400,000,000 440,258,976 IMF. (accesed 1 May 2020).

(i) No amount/estimate: At end-March, the Ministry of Finance issued a revised budget for FY20 that includes additional resources to fund the Ministry of Health COVID-19 Preparedness and Response Plan, and to expand existing transfer programs that benefit the poor. Increased allocation has been made to the Open Market Sale (OMS) program to facilitate the purchase of rice at one-third of the market price, and the Ministry of Disaster Management and Relief has distributed more than 24,000 tons of food at the district level; and (ii) April 15, The Prime Minister announced the allocation of BDT21.3 billion under a housing scheme for the homeless, BDT7.6 for poor people having lost their jobs as a result of the pandemic, BDT7.5 billion to provide health insurance for government employees most at risk, and a BDT1 billion bonus payment for government doctors and health workers treating COVID-19 patients.