Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Arab Republic of Egypt 04 04 - Equity support EGP 20,000,000,000 1,272,671,633 OECD. https://www.oecd.org/coronavirus/en/ (accessed 7 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).

EGP20 billion stock-purchase program has been launched by the Central Bank.

Arab Republic of Egypt 11 11 - Other Economic Measures EGP World Bank. https://datacatalog.worldbank.org/dataset/covid-19-finance-sector-related-policy-responses (accessed 7 May 2020); OECD. https://www.oecd.org/coronavirus/en/ (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) March 20, The limit for electronic payments via mobile phones has been raised to EGP30,000/day and EGP100,000/month for individuals, and to EGP40,000/day and EGP200,000/per week for corporations; (ii) March 29, The central bank set a daily limit on all ATM disbursement per card to be EGP5,000, and limits to cash withdrawal and deposits at a bank branch to be EGP10,000 per individual, and EGP50,000 per corporate; (iii) The cost of transactions in the EGX will be reduced from 0.15% to 0.125% and from 0.15% to 0.05% for non-residents and Egyptian residents, respectively, and all spot transactions on EGX will be exempt from stamp duty; (iv) The National Bank of Egypt and Bank Misr announced a one-year deposit program with a 15% interest rate.

Argentina 04 04 - Equity support ARS
Argentina 11 11 - Other Economic Measures ARS Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 9 May 2020, 26 June 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 27 April 2020).

(i) Capital Flow Management Measures (CFMs) that were already in place since August 2019 have largely protected Argentina so far from the impact of capital outflows; (ii) Adopted anti-price gouging policies, including price controls for food and medical supplies and ringfencing of essential supplies, including certain export restrictions on medical supplies and equipment and centralization of the sale of essential medical supplies.; (iii) April 28, Ordered that the Common Investment Funds (FCI) in pesos must invest at least 75% of their assets in financial instruments and negotiable securities issued in the Argentine Republic; (iv) Extended deadline of filing financial statements for small and medium-sized corporations; (v) May 16, extended validity of Maximum Prices until June 20; (vi) May 18, suspended price increases mobile and fixed telephony, Internet and pay TV services until August 31; June 18, extended until end of the year ; (v) May 19, set the domestic price of a barrel of oil at USD45 with the objective of reactivating the national hydrocarbon industry, guaranteeing the continuity of jobs and promoting self-sufficiency; (vi) June 18, extended the suspension of the closure and disabling of bank accounts until December 31, 2020, inclusive.

Brazil 04 04 - Equity support BRL
Brazil 11 11 - Other Economic Measures BRL IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19?fbclid=IwAR3QQSk6OmfE7YbISvq0_ut_FpTD_Bc00gRB-YJ_YA_VB-VlWiYD9PBO0Ro#B (Accessed 29 April 2020). AGB. https://agenciabrasil.ebc.com.br/en/economia/noticia/2020-05/pandemic-brought-down-76-brazils-industrial-sector (accessed 14 May 2020). Reuters. https://www.reuters.com/article/us-brazil-gdp-fall/brazil-4-7-gdp-this-year-would-be-biggest-fall-since-1900-economy-ministry-idUSKBN22P2J3 (accessed 14 May 2020).

(i) With congress declaring a state of “public calamity” on March 20, the government’s obligation to comply with the primary balance target in 2020 has been lifted. (ii) Proposed a bill creating a separate budget (“war-budget”) to expedite fiscal relief assistance and authorize the central bank to buy and sell government and corporate debt securities among other extraordinary measures. (iii) Pandemic leads 76% of Brazil’s industrial sector to cut production. (iv) Brazil’s government lowered its 2020 economic outlook on Wednesday, forecasting a gross domestic product contraction of 4.7%, which would signal the country’s biggest economic crash in more than a century.

Islamic Republic of Iran 04 04 - Equity support IRR
Islamic Republic of Iran 11 11 - Other Economic Measures IRR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 May 2020).

(i) Sukuk bonds and the National Development Fund used to partly fund recovery and relief measures; (ii) April 15, government announced its biggest-ever initial public offering, selling its residue shares in 18 companies (including 12 percent share of Social Welfare Fund (SHASTA), the largest public company); (iii) expanded contacless payments and increased the limits for bank transactions in order to reduce circulation of banknotes and exchange of debit cards; (iv) May 7, estimated privatization proceeds are at around IRR165 trillion (0.6% of GDP) from banks and insurance companies and IRR70 trillion (0.2% of GDP) from SHASTA.

Mexico 04 04 - Equity support MXN
Mexico 11 11 - Other Economic Measures MXN IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (Assessed on 30 April 2020); https://www.gob.mx/cnsf/es/articulos/acuerdo-suspension-de-plazos-cnsf-244144?idiom=es (accessed June 8).

(i) On April 5, President Lopez Obrador outlined his government’s policy priorities to combat the economic effects of COVID-19, including more health spending and strengthening of the social safety net; (ii) May 29, Secretariat of Finance and Public Credit suspended deadlines for institutions subject to supervision by the National Commission of Insurance and Bonds.

Nigeria 04 04 - Equity support NGN
Nigeria 11 11 - Other Economic Measures NGN OECD. oecd.org/coronavirus/en/ (accessed 4 May 2020)

(i) March 25, The Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) announced the grant of a 60-day extension to issuers and dealing members for filing of 2019 full year financial reports; (ii) March 27, Minister of Industry, Trade and Investment directed to work with the Manufacturers Association of Nigeria (MAN) to ensure that production of essential items such as food, medical and pharmaceutical products continues.

Russian Federation 04 04 - Equity support RUB
Russian Federation 11 11 - Other Economic Measures RUB CBR. https://cbr.ru/eng/press/pr/?file=23032020_170800eng2020-03-23T17_07_10.htm (accessed 6 May 2020). Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 6 May 2020).

(i) March 20, BOR regulated credit institutions and non-bank financial institutions are allowed to recognise equity and debt securities acquired before 1 March 2020 at fair value in the accounting records. They can also recognise debt securities, acquired from 1 March 2020 through 30 September 2020 at their fair value as of the acquisition date; (ii) June 2, Allowed non-state pension funds (NPFs) and management companies (UK) to temporarily re-evaluate securities within pension funds and assets of closed-end mutual funds.

Saudi Arabia 04 04 - Equity support SAR
Saudi Arabia 11 11 - Other Economic Measures SAR Saudi Arabian government. http://sama.gov.sa/en-US/News/Pages/news-534 (accessed 6 May 2020). https://www.mof.gov.sa/mediacenter/news/Pages/News_11052020.aspx (accessed 14 May 2020). https://www.mof.gov.sa/mediacenter/news/Pages/News_11052020.aspx (accessed 14 May 2020). http://www.sama.gov.sa/ar-sa/News/Pages/news-571.aspx (accessed 14 May 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 9 July 2020).

(i) No amount/estimate: April 25, Increase of the monthly ceiling limit for e-wallets up to SAR20,000, with the goal of boosting digital payment transactions; May 11: (ii) Decided to stop the cost of living allowance starting from June 2020; (iii) Raised the value-added tax rate from 5% to 15% starting July 1; (iv) May 13, Announced the extension of the program of support for fees of sales points and e-commerce for all stores and private sector establishments for an additional three months ending on September 14, 2020; (v) No amount/estimate: July 1, the Ministry of Environment, Water and Agriculture announced it will offer 94 agricultural investment opportunities to the private sector in the near term. [update]

South Africa 04 04 - Equity support ZAR
South Africa 11 11 - Other Economic Measures ZAR Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 May 2020). OECD. https://oecd.github.io/OECD-covid-action-map/data/CoronavirusUpdate_AllCountries_Public.xlsx (accessed 12 June 2020).

(i) Relaxed regulations for insurers; (ii) SARB extended prudential and related supervisory reporting requirements; (iii) commercial banks exempted from provisions of the Competition Act to enable them to develop common approaches to debt relief; (iv) SARB temporarily extended the submission for the quarterly returns for the 2020 financial year by one month; (v) June 10, Temporarily suspended the issuance of all new insurance licences for a period of six months.

Arab Republic of Egypt 04 04 - Equity support EGP 20,000,000,000 1,272,671,632 OECD. https://www.oecd.org/coronavirus/en/ (accessed 7 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).

EGP20 billion stock-purchase program has been launched by the Central Bank.

Arab Republic of Egypt 11 11 - Other Economic Measures EGP World Bank. https://datacatalog.worldbank.org/dataset/covid-19-finance-sector-related-policy-responses (accessed 7 May 2020); OECD. https://www.oecd.org/coronavirus/en/ (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) March 20, The limit for electronic payments via mobile phones has been raised to EGP30,000/day and EGP100,000/month for individuals, and to EGP40,000/day and EGP200,000/per week for corporations; (ii) March 29, The central bank set a daily limit on all ATM disbursement per card to be EGP5,000, and limits to cash withdrawal and deposits at a bank branch to be EGP10,000 per individual, and EGP50,000 per corporate; (iii) The cost of transactions in the EGX will be reduced from 0.15% to 0.125% and from 0.15% to 0.05% for non-residents and Egyptian residents, respectively, and all spot transactions on EGX will be exempt from stamp duty; (iv) The National Bank of Egypt and Bank Misr announced a one-year deposit program with a 15% interest rate.

Argentina 04 04 - Equity support ARS
Argentina 11 11 - Other Economic Measures ARS Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 9 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 27 April 2020).

(i) Capital Flow Management Measures (CFMs) that were already in place since August 2019 have largely protected Argentina so far from the impact of capital outflows; (ii) Adopted anti-price gouging policies, including price controls for food and medical supplies and ringfencing of essential supplies, including certain export restrictions on medical supplies and equipment and centralization of the sale of essential medical supplies.; (iii) April 28, Ordered that the Common Investment Funds (FCI) in pesos must invest at least 75% of their assets in financial instruments and negotiable securities issued in the Argentine Republic; (iv) Extended deadline of filing financial statements for small and medium-sized corporations; (v) May 16, extended validity of Maximum Prices until June 20; (vi) May 18, suspended price increases mobile and fixed telephony, Internet and pay TV services until August 31; (v) May 19, set the domestic price of a barrel of oil at USD45 with the objective of reactivating the national hydrocarbon industry, guaranteeing the continuity of jobs and promoting self-sufficiency.

Brazil 04 04 - Equity support BRL
Brazil 11 11 - Other Economic Measures BRL IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19?fbclid=IwAR3QQSk6OmfE7YbISvq0_ut_FpTD_Bc00gRB-YJ_YA_VB-VlWiYD9PBO0Ro#B (Accessed 29 April 2020). AGB. https://agenciabrasil.ebc.com.br/en/economia/noticia/2020-05/pandemic-brought-down-76-brazils-industrial-sector (accessed 14 May 2020). Reuters. https://www.reuters.com/article/us-brazil-gdp-fall/brazil-4-7-gdp-this-year-would-be-biggest-fall-since-1900-economy-ministry-idUSKBN22P2J3 (accessed 14 May 2020).

(i) With congress declaring a state of “public calamity” on March 20, the government’s obligation to comply with the primary balance target in 2020 has been lifted. (ii) Proposed a bill creating a separate budget (“war-budget”) to expedite fiscal relief assistance and authorize the central bank to buy and sell government and corporate debt securities among other extraordinary measures. (iii) Pandemic leads 76% of Brazil’s industrial sector to cut production. (iv) Brazil’s government lowered its 2020 economic outlook on Wednesday, forecasting a gross domestic product contraction of 4.7%, which would signal the country’s biggest economic crash in more than a century.

Islamic Republic of Iran 04 04 - Equity support IRR
Islamic Republic of Iran 11 11 - Other Economic Measures IRR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 May 2020).

(i) Sukuk bonds and the National Development Fund used to partly fund recovery and relief measures; (ii) April 15, government announced its biggest-ever initial public offering, selling its residue shares in 18 companies (including 12 percent share of Social Welfare Fund (SHASTA), the largest public company); (iii) expanded contacless payments and increased the limits for bank transactions in order to reduce circulation of banknotes and exchange of debit cards; (iv) May 7, estimated privatization proceeds are at around IRR165 trillion (0.6% of GDP) from banks and insurance companies and IRR70 trillion (0.2% of GDP) from SHASTA.

Mexico 04 04 - Equity support MXN
Mexico 11 11 - Other Economic Measures MXN IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (Assessed on 30 April 2020); https://www.gob.mx/cnsf/es/articulos/acuerdo-suspension-de-plazos-cnsf-244144?idiom=es (accessed June 8).

(i) On April 5, President Lopez Obrador outlined his government’s policy priorities to combat the economic effects of COVID-19, including more health spending and strengthening of the social safety net; (ii) May 29, Secretariat of Finance and Public Credit sespended deadlines for institutions subject to supervision by the National Commission of Insurance and Bonds.

Nigeria 04 04 - Equity support NGN
Nigeria 11 11 - Other Economic Measures NGN OECD. oecd.org/coronavirus/en/ (accessed 4 May 2020)

(i) March 25, The Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) announced the grant of a 60-day extension to issuers and dealing members for filing of 2019 full year financial reports; (ii) March 27, Minister of Industry, Trade and Investment directed to work with the Manufacturers Association of Nigeria (MAN) to ensure that production of essential items such as food, medical and pharmaceutical products continues.

Russian Federation 04 04 - Equity support RUB
Russian Federation 11 11 - Other Economic Measures RUB CBR. https://cbr.ru/eng/press/pr/?file=23032020_170800eng2020-03-23T17_07_10.htm (accessed 6 May 2020). Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 6 May 2020).

(i) March 20, BOR regulated credit institutions and non-bank financial institutions are allowed to recognise equity and debt securities acquired before 1 March 2020 at fair value in the accounting records. They can also recognise debt securities, acquired from 1 March 2020 through 30 September 2020 at their fair value as of the acquisition date; (ii) June 2, Allowed non-state pension funds (NPFs) and management companies (UK) to temporarily re-evaluate securities within pension funds and assets of closed-end mutual funds. [update]

Saudi Arabia 04 04 - Equity support SAR
Saudi Arabia 11 11 - Other Economic Measures SAR Saudi Arabian government. http://sama.gov.sa/en-US/News/Pages/news-534 (accessed 6 May 2020). https://www.mof.gov.sa/mediacenter/news/Pages/News_11052020.aspx (accessed 14 May 2020). https://www.mof.gov.sa/mediacenter/news/Pages/News_11052020.aspx (accessed 14 May 2020). http://www.sama.gov.sa/ar-sa/News/Pages/news-571.aspx (accessed 14 May 2020)

(i) No amount/estimate: April 25, Increase of the monthly ceiling limit for e-wallets up to SAR20,000, with the goal of boosting digital payment transactions; May 11: (ii) Decided to stop the cost of living allowance starting from June 2020; (iii) Raised the value-added tax rate from 5% to 15% starting July 1; (iv) May 13, Announced the extension of the program of support for fees of sales points and e-commerce for all stores and private sector establishments for an additional three months ending on September 14, 2020.

South Africa 04 04 - Equity support ZAR
South Africa 11 11 - Other Economic Measures ZAR Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 May 2020). OECD. https://oecd.github.io/OECD-covid-action-map/data/CoronavirusUpdate_AllCountries_Public.xlsx (accessed 12 June 2020).

(i) Relaxed regulations for insurers; (ii) SARB extended prudential and related supervisory reporting requirements; (iii) commercial banks exempted from provisions of the Competition Act to enable them to develop common approaches to debt relief; (iv) SARB temporarily extended the submission for the quarterly returns for the 2020 financial year by one month; (v) June 10, Temporarily suspended the issuance of all new insurance licences for a period of six months. [update]

Arab Republic of Egypt 04 04 - Equity support EGP 20,000,000,000 1,272,671,632 OECD. https://www.oecd.org/coronavirus/en/ (accessed 7 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).

EGP20 billion stock-purchase program has been launched by the Central Bank.

Arab Republic of Egypt 11 11 - Other Economic Measures EGP World Bank. https://datacatalog.worldbank.org/dataset/covid-19-finance-sector-related-policy-responses (accessed 7 May 2020); OECD. https://www.oecd.org/coronavirus/en/ (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) March 20, The limit for electronic payments via mobile phones has been raised to EGP30,000/day and EGP100,000/month for individuals, and to EGP40,000/day and EGP200,000/per week for corporations; (ii) March 29, The central bank set a daily limit on all ATM disbursement per card to be EGP5,000, and limits to cash withdrawal and deposits at a bank branch to be EGP10,000 per individual, and EGP50,000 per corporate; (iii) The cost of transactions in the EGX will be reduced from 0.15% to 0.125% and from 0.15% to 0.05% for non-residents and Egyptian residents, respectively, and all spot transactions on EGX will be exempt from stamp duty; (iv) The National Bank of Egypt and Bank Misr announced a one-year deposit program with a 15% interest rate.

Argentina 04 04 - Equity support ARS
Argentina 11 11 - Other Economic Measures ARS Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 9 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 27 April 2020).

(i) Capital Flow Management Measures (CFMs) that were already in place since August 2019 have largely protected Argentina so far from the impact of capital outflows; (ii) Adopted anti-price gouging policies, including price controls for food and medical supplies and ringfencing of essential supplies, including certain export restrictions on medical supplies and equipment and centralization of the sale of essential medical supplies.; (iii) April 28, Ordered that the Common Investment Funds (FCI) in pesos must invest at least 75% of their assets in financial instruments and negotiable securities issued in the Argentine Republic; (iv) Extended deadline of filing financial statements for small and medium-sized corporations. [update]

Brazil 04 04 - Equity support BRL
Brazil 11 11 - Other Economic Measures BRL IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19?fbclid=IwAR3QQSk6OmfE7YbISvq0_ut_FpTD_Bc00gRB-YJ_YA_VB-VlWiYD9PBO0Ro#B (Accessed 29 April 2020). AGB. https://agenciabrasil.ebc.com.br/en/economia/noticia/2020-05/pandemic-brought-down-76-brazils-industrial-sector (accessed 14 May 2020). Reuters. https://www.reuters.com/article/us-brazil-gdp-fall/brazil-4-7-gdp-this-year-would-be-biggest-fall-since-1900-economy-ministry-idUSKBN22P2J3 (accessed 14 May 2020).

(i) With congress declaring a state of “public calamity” on March 20, the government’s obligation to comply with the primary balance target in 2020 has been lifted. (ii) Proposed a bill creating a separate budget (“war-budget”) to expedite fiscal relief assistance and authorize the central bank to buy and sell government and corporate debt securities among other extraordinary measures. (iii) Pandemic leads 76% of Brazil’s industrial sector to cut production.