|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Bangladesh||05||05 - Health and income support||BDT||346,065,000,000||4,073,749,264||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 1 May 2020). The Financial Express. https://thefinancialexpress.com.bd/economy/covid-19-govt-so-far-announces-1190b-stimulus-packages-1590759538 (accessed 26 June 2020).|
|Bangladesh||05A||05A - Health support||BDT||8,500,000,000||100,058,858||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).||
(i) BDT1 billion Special Honorarium for doctors, nurses, medical workers; (ii) BDT7.5 billion compensation in case infection/death. [update]
|Bangladesh||05B||05B - Income support||BDT||337,565,000,000||3,973,690,406||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). Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/fepd/may122020fepdl20.pdf (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||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|
|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. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 June 2020).||
April, An additional resource of BTN2 billion will be provided to the Ministry of Health to meet health-related spending.
|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). https://bit.ly/2yrZXYx (accessed 13 April 2020); PMO. https://bit.ly/3b6ygCh (accessed 6 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 June 2020); PMO. https://bit.ly/3efwMrR (accessed 18 June 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; (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) [update]; (iii) Fast-track the implementation of the 12th Five Year Plan and wherever possible frontload the investments; (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; (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; (vii) May 25, The government will be refunding the 5% sales tax collected on telecom services collected on or after January 16, 2020.
|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|
|India||05||05 - Health and income support||INR||11,002,246,500,000||148,046,418,940||Press Information Bureau. https://pib.gov.in/PressReleseDetail.aspx?PRID=1633516 (accessed 24 June 2020). Financial Times. https://www.ft.com/content/5734f333-e4d7-4ebf-9de2-220e537da3f0?accessToken=zwAAAXIRWB3Ykc9XNPMz5NdOv9Od4iIOU32j8A.MEQCIE1obkN05q4qkjoiBgF6riG66o6ocs0SQWfl2AsFIikHAiADu_DmNRDP9bo3QfxgYpytmLV8FGnEHOa8g66dgBdahQ&sharetype=gift?token=4a849e3f-c1b7-487d-ba1d-e73f283cd8c8 (accessed 14 May 2020). India Economics Update, Capital Economics.||
(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.
|India||05A||05A - Health support||INR||Press Information Bureau. https://pib.gov.in/PressReleseDetail.aspx?PRID=1633516 (accessed 24 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (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. [update]
|India||05B||05B - Income support||INR||Press Information Bureau. https://pib.gov.in/PressReleseDetail.aspx?PRID=1633516 (accessed 24 June 2020). Ministry of Finance. https://pib.gov.in/PressReleasePage.aspx?PRID=1631127 (accessed 17 June 2020). https://pib.gov.in/PressReleasePage.aspx?PRID=1625319 (accessed 21 May 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 May 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. [update]; (vii) June 23, a sum of INR1 billion has been allocated from the PM Cares Trust Fund for the welfare of migrant laborers. [update]
|India||07||07 - Central bank financing government||INR||100,000,000,000||1,345,601,727|
|India||07A||07A - Direct lending and reserve drawdown||INR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 May 2020).||
April 20, The RBI increased the limit for ways and means advances for the Central Government (a short-term liquidity facility) for the remaining part of the first half of the FY 2020/21 from INR 1.2 trillion to INR2.0 trillion. The WMA is a temporary liquidity facility offered by the RBI to the government that acts as a credit line that the government may call upon to help them reconcile short-term mismatches in cash flows of their receipts and expenditures.
|India||07B||07B - Secondary purchase: government securities||INR||100,000,000,000||1,345,601,727||RBI. https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=49712||
April 27: INR100 billion purchase of government securities under Open Market Operations (OMO).
|Maldives||05||05 - Health and income support||MVR||2,500,000,000||162,665,470||Ministry of Finance. https://www.finance.gov.mv/media/news/mvr-25-million-economic-recovery-plan (accessed 13 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19 (accessed 26 May 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). https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 19 April 2020)||
No amount/estimate: March 17, Temporary reduction of import tariffs on certain personal protective equipment like hand sanitizers, disinfectants, etc. Imports also exempted from processing fees
|Maldives||05B||05B - Income support||MVR|
|Maldives||07||07 - Central bank financing government||MVR|
|Maldives||07A||07A - Direct lending and reserve drawdown||MVR|
|Maldives||07B||07B - Secondary purchase: government securities||MVR|
|Nepal||05||05 - Health and income support||NPR|
|Nepal||05A||05A - Health support||NPR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 25 June 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).
|Nepal||05B||05B - Income support||NPR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 25 June 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 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).
|Nepal||07||07 - Central bank financing government||NPR|
|Nepal||07A||07A - Direct lending and reserve drawdown||NPR|
|Nepal||07B||07B - Secondary purchase: government securities||NPR|
|Sri Lanka||05||05 - Health and income support||LKR||40,173,926,000||217,089,845|
|Sri Lanka||05A||05A - Health support||LKR||1,545,151,000||8,349,609||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 25 June 2020); News.lk https://news.lk/news/politics/item/29845-president-pledges-usd-5m-to-saarc-corona-emergency-fund (accessed 26 June 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; No amount/estimate: April: (ii) The government has allocated up to 0.1% of GDP for quarantine and other containment measures; (iii) The President has also established a special fund for containment and mitigation, inviting local and foreign tax-free donations.
|Sri Lanka||05B||05B - Income support||LKR||38,628,775,000||208,740,236||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 25 June 2020); CBSL. https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/cdg/mb_circular_no_4_of_2020_e_1.pdf (accessed 26 June 2020).||
No amount/estimate: (i) March 24, CBSL issued a circular to all financial institutions to provide relief measures to assist businesses and individuals, which include a debt moratorium on capital and interest, capping of interest rates charged on credit card payments, reduction of minimum monthly payment dues on credit cards, and extension of the validity of checks [update]; (ii) March 30, The President recently announced that cash transfer payments totaling around 0.1% of GDP will also be made to vulnerable groups; April: (iii) The 2020 first quarter payment deadlines for income tax, value-added tax, and certain other taxes have been extended until end-April; (iv) Other measures announced include tax exemptions for imported masks and disinfectant, and price ceilings on essential food items, as well as food allowances for the poor; (v) The President has also established a Task Force on Economic Revival and Poverty Eradication and a special fund for social welfare spending, inviting local and foreign tax-free donations; (vi) May, cash payments to vulnerable groups has been increased to 0.25% of GDP.
|Sri Lanka||07||07 - Central bank financing government||LKR|
|Sri Lanka||07A||07A - Direct lending and reserve drawdown||LKR|
|Sri Lanka||07B||07B - Secondary purchase: government securities||LKR|