Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Bangladesh 04 04 - Equity support BDT
Bangladesh 10 10 - No breakdown BDT
Bhutan 04 04 - Equity support BTN/INR
Bhutan 10 10 - No breakdown BTN/INR
European Central Bank 04 04 - Equity support EUR
European Central Bank 10 10 - No breakdown EUR ECB. https://www.ecb.europa.eu/press/accounts/2020/html/ecb.mg200522~f0355619ae.en.html (24 May 2020).

22 May 2020, The account of the monetary policy meeting of the Governing Council of the ECB on 29-30 April was released. According to it, the ECB was fully prepared to adjust all of its measures, as appropriate, to ensure that inflation moved towards its aim in a sustained manner, in particular signalling that it was fully prepared to increase the size of the PEPP and adjust its composition as much as necessary and for as long as needed .

European Union 04 04 - Equity support EUR 549,000,000 607,300,885 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); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1007 (accessed 12 June 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1507 (accessed 27 August 2020).

(i) 8 April 2020, 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) 24 April 2020, EIB also approved an equity investment worth EUR75 million for the German company Curevac, through the EIB's Infectious Disease Financing Facility; (iii) 8 June 2020, EUR174 million equity investments from the European Innovation Council (EIC) Accelerator Pilot funding to innovative startups and SMEs; (iv) June 2020, 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 mobilize 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.

European Union 10 10 - No breakdown EUR 360,000,000,000 398,230,088,496 European Council. https://www.consilium.europa.eu/en/meetings/european-council/2020/07/17-21/ (accessed 20 January 2021).

21 July 2020, The NextGenerationEU package of EUR750 billion was jointly agreed with the EU budget for 2021-2027 (amounting to EUR1074.3 billion). It is a specific recovery package designed to deal with the effects of COVID-19, and is additional to the EU budget (For details, see: http://bit.ly/38ZNFqp). Ot the total, EUR360 billion refer to loans and its next funds include: Recovery and Resilience Facility (RRF) - the main instrument of the package and will be used by each of the member states (for details, see http://bit.ly/38XbzCK), REACT-EU; Horizon Europe, InvestEU, Rural Development, Just Transition Fund (JTF), and RescEU (See infographics with amounts per fund: http://bit.ly/3qC3mKh). Allocation between countries has been approved for the following funds: (a) EUR312.5 billion for RRF: 70% under the grants of the Recovery and Resilience Facility will be committed in 2021 and 2022 and 30% will be committed in 2023. The first part has already been allocated based on living standards, size and unemployment levels: (https://bit.ly/38YWlx0); (b) EUR37.5 billion for REACT-EU (https://bit.ly/35XTKBD); and (c) EUR10 billion for Just Transition Fund (https://bit.ly/3p0JzDL). Other funds are yet to be allocation and some funds will include programs directly managed by the EC.

India 04 04 - Equity support INR
India 10 10 - No breakdown INR 41,796,986,000 562,420,966 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 29 October 2020).

In October 2020, the authorities announced a new package of measures, with a current-year budgetary impact of 0.2% of GDP, to support consumption (a budget neutral cash voucher scheme and a special festive advance scheme) and public investment (higher capital expenditure by the central government and interest-free loans to states). More details to follow.

Maldives 04 04 - Equity support MVR
Maldives 10 10 - No breakdown MVR
Nepal 04 04 - Equity support NPR
Nepal 10 10 - No breakdown NPR
Sri Lanka 04 04 - Equity support LKR
Sri Lanka 10 10 - No breakdown LKR CBSL. https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/cdg/bsd_circular_no_5_of_2020_e1_1.pdf (accessed 26 June 2020).

27 March 2020, The CBSL has decided to set up a LKR50 billion Re-financing Facility in order to implement the decisions taken by the Cabinet of Ministers on 20 March to introduce a wide range of fiscal and financial concessions for COVID-19 hit business activities including self-employment businesses and individuals. Among these concessions are debt moratorium (capital and interest) and a working capital loan at the interest rate of 4% per annum for eligible customers to be repaid in 2 years (Amount included in Measure 2A).

Bangladesh 04 04 - Equity support BDT
Bangladesh 10 10 - No breakdown BDT Asian Development Bank. https://www.adb.org/news/adb-president-bangladesh-finance-minister-discuss-support-covid-19-response (accessed 21 April 2020). The Financial Express. https://thefinancialexpress.com.bd/economy/covid-19-govt-so-far-announces-1190b-stimulus-packages-1590759538 (accessed 26 June 2020).
Bhutan 04 04 - Equity support BTN/INR
Bhutan 10 10 - No breakdown BTN/INR
European Central Bank 04 04 - Equity support EUR
European Central Bank 10 10 - No breakdown EUR ECB. https://www.ecb.europa.eu/press/accounts/2020/html/ecb.mg200522~f0355619ae.en.html (24 May 2020).

May 22, The account of the monetary policy meeting of the Governing Council of the ECB on 29-30 April was released. According to it, the ECB was fully prepared to adjust all of its measures, as appropriate, to ensure that inflation moved towards its aim in a sustained manner, in particular signalling that it was fully prepared to increase the size of the PEPP and adjust its composition as much as necessary and for as long as needed .

European Union 04 04 - Equity support EUR 549,000,000 607,300,885 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); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1007 (accessed 12 June 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1507 (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 10 10 - No breakdown EUR EC. https://ec.europa.eu/info/live-work-travel-eu/health/coronavirus-response/recovery-plan-europe_en; EC. https://www.consilium.europa.eu/media/45109/210720-euco-final-conclusions-en.pdf; EC. https://www.consilium.europa.eu/en/policies/eu-recovery-plan/; EC. https://ec.europa.eu/info/live-work-travel-eu/health/coronavirus-response/recovery-plan-europe_en (accessed 27 July 2020)

July 21, Approval of the Next Generation EU recovery fund which will provide the Union with the necessary means to address the challenges posed by the COVID-19 pandemic. Under the agreement the European Commission will be able to borrow up to EUR750 billion on the markets. Capital raised on the financial markets will be repaid by 2058. The funds will go to areas where they can make the greatest difference, complementing and amplifying the essential work under way in the Member States. The investments will be channeled via a variety of instruments under three pillars, such as: (a) Supporting member states to recover, repair and emerge stronger from the crisis; (b) Kick-starting the economy and helping private investment; and (c) Learning the lessons of the crisis and addressing Europe’s strategic challenges. The plan ensures the money goes to the countries and sectors most affected by the crisis: 70% under the grants of the Recovery and Resilience Facility (RRF) will be committed in 2021 and 2022 and 30% will be committed in 2023. Allocations from the RRF in 2021-2022 will be established according to the Commission’s allocation criteria taking into account member states' respective living standards, size and unemployment levels. Details of the specific instruments under this fund can be found in these links: https://bit.ly/3faBQgG, https://bit.ly/3gbqRVB, and https://bit.ly/39FzbL8 .

India 04 04 - Equity support INR
India 10 10 - No breakdown INR
Maldives 04 04 - Equity support MVR
Maldives 10 10 - No breakdown MVR
Nepal 04 04 - Equity support NPR
Nepal 10 10 - No breakdown NPR
Sri Lanka 04 04 - Equity support LKR
Sri Lanka 10 10 - No breakdown LKR CBSL. https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/cdg/bsd_circular_no_5_of_2020_e1_1.pdf (accessed 26 June 2020).

March 27, The CBSL has decided to set up a LKR50 billion Re-financing Facility in order to implement the decisions taken by the Cabinet of Ministers on 20 March to introduce a wide range of fiscal and financial concessions for COVID-19 hit business activities including self-employment businesses and individuals. Among these concessions are debt moratorium (capital and interest) and a working capital loan at the interest rate of 4% per annum for eligible customers to be repaid in 2 years (Amount included in Measure 2A).

Bangladesh 04 04 - Equity support BDT
Bangladesh 10 10 - No breakdown BDT 142,535,000,000 1,677,869,335 Asian Development Bank. https://www.adb.org/news/adb-president-bangladesh-finance-minister-discuss-support-covid-19-response (accessed 21 April 2020).

Stimulus package for widening social safety net coverage, salary support to workers at export-oriented industries, low-interest loans to affected industries and farmers, and increasing monetary supply.

Bhutan 04 04 - Equity support BTN/INR
Bhutan 10 10 - No breakdown BTN/INR
European Central Bank 04 04 - Equity support EUR
European Central Bank 10 10 - No breakdown EUR ECB. https://www.ecb.europa.eu/press/accounts/2020/html/ecb.mg200522~f0355619ae.en.html (24 May 2020).

May 22, The account of the monetary policy meeting of the Governing Council of the ECB on 29-30 April was released. According to it, the ECB was fully prepared to adjust all of its measures, as appropriate, to ensure that inflation moved towards its aim in a sustained manner, in particular signalling that it was fully prepared to increase the size of the PEPP and adjust its composition as much as necessary and for as long as needed .

European Union 04 04 - Equity support EUR 549,000,000 607,300,885 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); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1007 (accessed 12 June 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 [update].

European Union 10 10 - No breakdown EUR Politico. https://www.politico.eu/article/kurz-cautious-on-commissions-750b-recovery-blueprint-coronavirus-covid19-mff-budget/ (accessed 28 May 2020).

EU Commission put forth a proposal to create a EUR750 billion fund — called Next Generation EU. About EUR500 billion would be disbursed as grants to those member countries most in need as a result of the crisis, while the remaining EUR250 billion would be available as credits .

India 04 04 - Equity support INR
India 10 10 - No breakdown INR