|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.
|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||08||08 - International Assistance Received||BDT||326,390,642,500||3,842,150,000|
|Bangladesh||08A||08A - Swaps||BDT|
|Bangladesh||08B||08B - International loans/grants||BDT||326,390,642,500||3,842,150,000|
|Bangladesh||08B1||08B1 - Asian Development Bank||BDT||92,124,027,500||1,084,450,000||ADB. Table A1.2: Sovereign Lending and Asian Development Fund Grant Operations (as of 25 September 2020); ADB. Table A1.4: Asia Pacific Disaster Response Fund and Technical Assistance (as of 4 August 2020); ADB. Table A1.5: Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (as of 1 August 2020).||
(i) March 31, USD1.33 million under the Skills for Employment Investment Program (Tranche 1); (ii) April 30, USD100 million under the COVID-19 Response Emergency Assistance Project; (iii) April, USD382.28 million as a guarantee under the Trade Finance Program (Additional Financing) with USD157.08 million co-financing; [update] (iv) April, USD83.17 million as a loan under Trade Finance Program (Additional Financing) with USD33.29 million co-financing; [update] (v) USD3 million under the TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases; (vi) April 7, USD0.2 million as a technical assistance under the Regional Project Development Support for the South Asia Subregional Economic Cooperation Operational Plan, 2016–2025; (vii) May 7, USD1 million as technical assistance under COVID-19 under Active Response and Expenditure Support Program; (viii) May 7, USD500 million as COVID-19 pandemic response option (CPRO); (vii) May 20, USD0.16 million technical assistance under Support to address Outbreak of Coronavirus Disease 2019 and Strengthen Health Systems Preparedness for Communicable Diseases in South Asia.; (viii) June 30, USD0.10 million techinal assistance under Quality Jobs and the Future of Work; (ix) July 15, USD10 million, Emergency Working Capital Support to Dairy Value Chain Project; (x) July 24, USD0.21 million technical assistance under Due Diligence and Capacity Development of Trade Finance Program Banks (Subproject 3); (xi) August 5, USD3 million COVID-19 Emergency Response.
|Bangladesh||08B2||08B2 - Other||BDT||234,266,615,000||2,757,700,000||The World Bank. https://www.worldbank.org/en/news/press-release/2020/04/03/world-bank-fast-tracks-100-million-covid-19-coronavirus-support-for-bangladesh (accessed 16 April 2020). USAID. https://www.usaid.gov/news-information/coronavirus/fact-sheets/update-united-states-continues-lead-global-response-covid-19 (accessed 29 May 2020). IMF. https://www.imf.org/en/News/Articles/2020/05/29/pr20226-bangladesh-imf-exec-board-approves-us-732m-disbursement-to-address-the-covid19-pandemic (accesed 10 June 2020). AIIB. https://www.aiib.org/en/news-events/news/2020/AIIB-Approves-USD100-Million-Loan-to-Bangladesh-for-COVID-19-Response.html (accessed 04 Sept 2020).||
(i) April 3, The World Bank approved a fast-track USD100 million financing to help Bangladesh prevent, detect, and respond to the COVID-19 pandemic and strengthen its national systems for public health emergencies. The project is financed from the International Development Association (IDA), the World Bank’s fund for the poorest countries, through the World Bank Group’s COVID-19 Fast Track Facility. The credit has a 30-year maturity, including a five-year grace period. (ii) May, more than USD25.7 million assistance from USAID includes USD10 million for health and IDA humanitarian assistance to help with case-management, surveillance activities, infection prevention and control, risk communication, and water, sanitation, and hygiene programs, and more than USD15.3 million in MRA humanitarian support for vulnerable people during the pandemic, including refugees and host communities; (iii) May 18, USD250 million co-financing from AIIB for ADB's COVID-19 Active Response and Expenditure Support Program; (iv) May 29, USD732 million approved by IMF Executive Board under the Rapid Credit Facility, USD244 milion, and Rapid Financing Instrument, USD488 million; (v) June 19, USD1.05 billion provided by WB to create quality jobs and respond to covid-19 pandemic; (vi) USD500 million provided by WB to help improve road and digital connectivity and logistics in Western Region; (vii) Aug 28, AIIB approved USD100 million to Bangladesh for COVID-19 Response.
|Bangladesh||09||09 - International Assistance Provided||BDT|
|Bangladesh||09A||09A - Swaps||BDT|
|Bangladesh||09B||09B - International loans/grants||BDT|
|Bangladesh||11||11 - Other Economic Measures||BDT||Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/brpd/jun102020brpd12.pdf (accessed 29 June 2020).||
BB instructed banks to waive customers interest for the period from 1 April to 31 May based unclassified loan outstanding balance as at 30 March 2020. According to the instruction, loan balance upto BDT 0.1m, waiver the whole amount of interest; loan balance more than BDT 0.1m to BDT 1m interest, interest waiver @2% annually; loan balance more than BDT 1m; interest waiver @1%. Customer wise maximum amount of waiver is BDT 1.2m.
|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 July 2020); Ministry of Health. https://www.gov.bt/covid19/?p=1658 (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). 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 July 2020); PMO. https://bit.ly/3efwMrR (accessed 18 June 2020); PMO. https://bit.ly/3ggtGo2 (accessed 1 July 2020); PMO. https://bit.ly/39oW0lW (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||08||08 - International Assistance Received||BTN/INR||3,591,330,111||48,325,000|
|Bhutan||08A||08A - Swaps||BTN/INR|
|Bhutan||08B||08B - International loans/grants||BTN/INR||3,591,330,111||48,325,000|
|Bhutan||08B1||08B1 - Asian Development Bank||BTN/INR||1,747,173,738||23,510,000||ADB||
(i) April, Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (USD1.17 million); (ii) April 7, Regional Project Development Support for the South Asia Subregional Economic Cooperation Operational Plan, 2016–2025 (USD0.05 million); (iii) May 4, COVID-19 Active Response and Expenditure Support Program (USD20 million); (iv) May 20, Support to address Outbreak of Coronavirus Disease 2019 and Strengthen Health Systems Preparedness for Communicable Diseases in South Asia (USD0.10 million); (v) July 16, COVID-19 Emergency Response (USD2 million); (vi) July 24, Due Diligence and Capacity Development of Trade Finance Program Banks (Subproject 3) (USD0.06 million) [update]; (vii) September 4, Enhancing Gender Quality Results of South Asia COVID-19 Response (USD0.13 million).
|Bhutan||08B2||08B2 - Other||BTN/INR||1,844,156,372||24,815,000||World Food Programme. https://www.wfp.org/news/wfp-extends-food-security-assistance-royal-government-bhutan-covid-19-response (accessed 13 April 2020); World Bank. https://www.worldbank.org/en/news/press-release/2020/04/16/world-bank-fast-tracks-5-million-for-bhutans-covid-19-coronavirus-response (accessed 6 May 2020); World Bank. https://www.worldbank.org/en/news/press-release/2020/05/20/148-million-from-world-bank-to-help-bhutan-manage-climate-and-disasters-risks (accessed 21 May 2020); USAID. https://www.usaid.gov/news-information/coronavirus/fact-sheets/may-29-2020-update-united-states-continues-lead-global-response-covid-19 (accessed 5 June 2020); UNDP. http://mptf.undp.org/factsheet/fund/COV00 (accessed 5 June 2020); Ministry of Foreign Affairs. https://www.mfa.gov.bt/?p=8043 (accessed 17 June 2020); MFA. https://www.mfa.gov.bt/?p=8066 (accessed 24 June 2020).||
(i) World Food Program donated two mobile storage units to help authorities preposition food to meet the needs of half the population for three months. The storage units has a capacity of 500 metric ton each and worth a total of USD45,000 (grant); (ii) April 27, the government and the World Bank signed a fast-track USD5 million COVID-19 project to help Bhutan prevent, detect, and respond to the pandemic and strengthen its public health preparedness (loan); (iii) May 20, The Royal Government of Bhutan and the World Bank signed a USD14.8 million Development Policy Financing with Catastrophe Deferred Drawdown Option (Cat DDO) to help Bhutan undertake a comprehensive set of reforms to manage climate and disasters risks, including disease outbreaks (loan); (iv) May, USAID provided USD1 million in total assistance for COVID-19 response, of which (a) USD500,000 in ESF to support micro, small and medium-sized enterprises to generate income for those affected by COVID-19; (b) USD500,000 in health assistance to strengthen diagnostic laboratory capabilities and clinical case-management, provide virtual training for health care providers and lab personnel, and design and produce risk-communications materials (grant); (v) May 28, United Nations (UN) COVID-19 Response and Recovery Fund, a UN inter-agency fund mechanism established by the UN Secretary-General to help support low and middle income program countries to respond to the pandemic and its impacts including an unprecedented socioeconomic shock, has allocated USD300,000 to Bhutan (grant); (vi) June 15, UN in Bhutan committed USD1.17 million to support the Royal Government of Bhutan in addressing issues related to the COVID-19 pandemic. A part of the commitment comes from the Secretary General’s UN COVID-19 Response and Recovery Fund, with the aim to support responses to COVID-19 (see item v) and part of it is from the Joint Sustainable Development Goals (SDG) Fund, which will cover activities that will accelerate progress toward achieving the SDGs ; (vii) June 23, The Government of Japan will provide a grant of JPY300 million (around USD2.8 million) to procure medical equipment to strengthen public health and medical systems in Bhutan.
|Bhutan||09||09 - International Assistance Provided||BTN/INR|
|Bhutan||09A||09A - Swaps||BTN/INR|
|Bhutan||09B||09B - International loans/grants||BTN/INR|
|Bhutan||11||11 - Other Economic Measures||BTN/INR||3,000,000,000||40,368,052||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Royal Monetary Authority. https://www.rma.org.bt/rgobbond.jsp (accessed 01 October 2020).||
(i) Office of Consumer Protection has published market price information of essential commodities as of March 11, to monitor and keep track of price movement in the market and provide information to consumers for informed purchase decision; (ii) March 24, A ban on select food product (e.g., betel leaf, betel nut) import from India has been imposed to curb the spread of COVID-19; (iii) June 29, Import of luxury motor vehicles and bikes have been suspended; (iv) September 4, The Royal Monetary Authority announced the issuance of a 3-year government bond of BTN3,000 million with an annual coupon rate of 6.5% to promote capital market development amid the pandemic [update].
|India||05||05 - Health and income support||INR||11,838,186,220,000||159,294,838,251||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. IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (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. 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.
|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 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||08||08 - International Assistance Received||INR||420,229,097,921||5,654,610,000|
|India||08A||08A - Swaps||INR|
|India||08B||08B - International loans/grants||INR||420,229,097,921||5,654,610,000|
|India||08B1||08B1 - Asian Development Bank||INR||122,377,221,035||1,646,710,000||ADB. Table A1.2 Sovereign Lending and Asian Development Fund Grant Operations, Table A1.3 Nonsovereign Operations, Table A1.4 Asia Pacific Disaster Response Fund and Technical Assistance, Table A1.5: Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (all accessed as of 21 August 2020).||
(i) April 7, USD0.07 million as a technical assistance under the Regional Project Development Support for the South Asia Subregional Economic Cooperation Operational Plan, 2016–2025; (ii) April 22, USD1 million under the Strengthening Capacity of the National Urban Health Mission (Supplementary); (iii) April 28, USD2 million under the Building Capacity for Improved Implementation of Government’s COVID-19 Response and Pro-Poor Economic Package; (iv) April 28, USD1.5 billion under the COVID-19 Active Response and Expenditure Support Program; (v) USD3 million under the TA 9950: Regional Support to Address the Outbreak of COVID-19; (vi) May 14, USD0.2 million funding from the ADB and the Republic of Korea e-Asia and Knowledge Partnership Fund under the following project: Strengthening Universal Health Coverage in India: Supporting the Implementation of Pradhan Mantri Jan Arogya Yojan; (vii) May 20, USD0.12 million as support to address the outbreak of the Coronavirus disease, and to strengthen the health systems preparedness for South Asia; (viii) May 20, USD12.53 million guarantee from the ADB as part of the Microfinance Risk Participation and Guarantee Program, with another USD12.53 million cofinanced by other institutions. As of June 17, this amount has been increased to USD21.83 million each. As of July 4, this amount was again increased to a total of USD23.81 million each. Further, as of August 14, this amount increased to a total of USD29.82 million each; (ix) June 9, additional USD15 million loan to India for sustaining poultry farmer income and food security; (x) June 29, USD2.5 million under the Regional Program, Planning for Economic Recovery of South Asia from COVID-19; (xi) July 23, USD3 million funding under the COVID-19 Emergency Response; (xii) July 29, USD50 million loan under the ReNew Power COVID-19 Liquidity Support Project; (xiii) August 6, USD20 million Debt Financing to Global Health Private Limited for the COVID-19 Hospital Service Delivery Project; (xiv) August 10, USD20 million Debt Financing to Apollo Hospitals Enterprise Limited for the COVID-19 Hospital Capital Support Project.
|India||08B2||08B2 - Other||INR||297,851,876,886||4,007,900,000||AIIB. https://www.aiib.org/en/news-events/news/2020/AIIB-Approves-USD750-M-Loan-to-India-for-COVID-19-Response.html (accessed 18 June 2020), https://www.aiib.org/en/news-events/news/2020/AIIB-Approves-USD500M-to-Support-Indias-Response-to-COVID-19.html (accessed 14 May 2020). World Bank. https://www.worldbank.org/en/news/press-release/2020/06/30/world-bank-approves-750-million-emergency-response-program-for-micro-small-and-medium-enterprises-in-india (accessed 9 July 2020), https://www.worldbank.org/en/about/what-we-do/brief/world-bank-group-operational-response-covid-19-coronavirus-projects-list (accessed 21 May 2020). UNDP. http://mptf.undp.org/factsheet/project/00121712 (accessed 22 May 2020); USAID. https://www.usaid.gov/news-information/coronavirus/fact-sheets/update-united-states-continues-lead-global-response-covid-19 (accessed 26 May 2020)||
(i) April 2, USD1 billion in funding from the World Bank group dedicated towards the country's national health system; (ii) May 8, USD500 million in funding from the Asian Infrastructure and Investment Bank to support India's efforts against the COVID-19 pandemic, mainly by strengthening the country's national health system; (iii) May 14, USD1 billion in support from the World Bank to protect India's poorest sectors from the impacts of COVID-19; (iv) May 20, USD2 million in support from the United Nations Development Group from the UN COVID-19 Response & Recover fund; (v) USD5.9 million in health assistance to help slow down the spread of the pandemic, from the U.S. Agency for International Development (USAID); (vi) June 17, Asian Infrastructure Investment Bank (AIIB) has approved a USD750 million loan to India to assist the government to strengthen its response to the adverse impacts of the COVID-19 pandemic on millions of poor and vulnerable households; this is co-financed with the Asian Development Bank; (vii) June 30, USD750 million Micro, Small, and Medium Enterprises Response Program form the World Bank to support increased flow of finance into the hands of MSMEs severely impacted by the COVID-19 crisis.
|India||09||09 - International Assistance Provided||INR||59,452,955,789||800,000,000|
|India||09A||09A - Swaps||INR||59,452,955,789||800,000,000||The Print India. https://theprint.in/diplomacy/india-extends-250-million-support-to-maldives-to-overcome-economic-impact-of-covid-19/506718/ (accessed 21 September 2020). The Edition. https://edition.mv/news/18854 (accessed 3 September 2020). Economic Times. https://economictimes.indiatimes.com/news/economy/finance/rbi-signs-documents-to-extend-400mn-currency-swap-facility-to-sri-lanka-indian-mission/articleshow/77166348.cms (accessed 27 July 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 May 2020).||
(i) April 15, A request was made by Sri Lanka to enter into a Bilateral Currency Swap Agreement with the Reserve Bank of India for USD400 million. As of July 25, the Reserve Bank of India (RBI) has signed the documents formally extending the facility to Sri Lanka; (ii) April, RBI entered into a swap currency agreement with the facility with the Maldives Monetary Authority amounting to USD150 million. On September 1, The duration of the currency swap agreement signed between Maldives and India was extended. Presently, Maldives has already received USD150 million under this agreement. In addition, MMA revealed that the Government of India would grant further financing up to USD250 million. As of September 20, the remaining USD250 million financial assistance has been provided by India to the Maldives.
|India||09B||09B - International loans/grants||INR|
|India||11||11 - Other Economic Measures||INR||382,500,000,000||5,146,926,607||RBI. https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50324 (accessed 17 September 2020). Securities and Exchange Board of India. https://www.sebi.gov.in/legal/circulars/jul-2020/relaxation-from-compliance-with-provisions-of-the-sebi-issue-and-listing-of-debt-securities-regulations-2008-ilds-regulation-sebi-non-convertible-redeemable-preference-shares-regulations-20-_47071.html (accessed 17 July 2020), https://www.sebi.gov.in/legal/circulars/jul-2020/relaxation-from-compliance-with-certain-provisions-of-the-sebi-issue-and-listing-of-municipal-debt-securities-regulations-2015-ildm-regulations-and-certain-sebi-circulars-due-to-the-covid-19-vir-_47015.html (accessed 8 July 2020); Ministry of Finance. https://pib.gov.in/PressReleasePage.aspx?PRID=1625319 (accessed 21 May 2020); WTO. https://www.wto.org/english/tratop_e/covid19_e/covid19_e.htm#faq (accessed 5 May 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020).||
No amount/estimate: (i) Amendments introduced to the export policy of several products; (ii) May 17, Enhancements to the Ease of Doing Business Act and decriminalisation of Companies Act violations; (iii) July 7, Decided to partially modify circular No. SEBI/HO/DDHS/CIR/P/2020/41 (dealing with investor grievance report, financial results and accounts maintained by issuers under ILDM Regulations) and extended the timelines for submission to July 31, 2020; (iv) July 15, Decided to permit Listers who listed or intend/propose to list NCDs/NCRPS/CPs to use available financials as of December 31,2019, pre-coronavirus; (v) August 31, Announced that various State Governments have offered to sell securities by way of an auction, for an aggregate face value of INR82.5 billion; (vi) August 7, The Reserve Bank announced the constitution of an Expert Committee under the chairmanship of Shri K.V. Kamath to make recommendations on the required financial parameters to be factored in the resolution plans under the ˜Resolution Framework for Covid19-related Stress; (vii) August 31, Announced the re-issue of various fixed-rate government equities (stocks) at different years and percentages, for a total of INR300 billion through price-based action; (viii) September 22, the Parliament adopted the amendment to the Indian Bankruptcy Code, with no insolvency cases until March 25, 2021. [update]
|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); The Edition. https://edition.mv/news/18141(accessed 31 July 2020); The Edition. https://edition.mv/news/18174 (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). https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 19 April 2020); Ministry of Finance. https://www.finance.gov.mv/public/attachments/tlDHkVtRSsbHlcIVKsDXPL7ZWH3lyS7kXzqzkPGa.pdf (accessed 16 September 2020); Ministry of Finance. https://www.finance.gov.mv/publications/statistical-releases/weekly-covid-19-spending (accessed 2 October 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 September 24, total spending towards COVID-19 health and social efforts that is part of the Economic Recovery Plan stood at MVR1,284.1 million [update].
|Maldives||05B||05B - Income support||MVR||The Edition. https://edition.mv/business/18270 (4 August 2020). Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/discount-electricity-bills (accessed 28 August 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/financial-aid-students-abroad (accessed 28 August 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/income-support-allowance (accessed 16 September 2020, 2 October 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; (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; (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) 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; (v) As of September 24, MVR89.8 million under the Income Support Allowance that is part of the Economic Recovery Plan has been disbursed [update].
|Maldives||08||08 - International Assistance Received||MVR||9,590,717,068||624,031,400|
|Maldives||08A||08A - Swaps||MVR||6,147,586,207||400,000,000||Maldives Monetary Authority. http://www.mma.gov.mv/#/news/PR-MCS-2020-3(english).html (accessed 19 April 2020). The Edition. https://edition.mv/news/18854 (accessed 3 September 2020). The Print. https://theprint.in/diplomacy/india-extends-250-million-support-to-maldives-to-overcome-economic-impact-of-covid-19/506718/ (accessed 21 September 2020).||
April, Obtained a foreign currency swap facility amounting to USD150 million under the currency swap agreement signed between the MMA and the Reserve Bank of India (RBI). September 1, The duration of the currency swap agreement signed between Maldives and India was extended. Presently, Maldives has already received USD150 million under this agreement. In addition, MMA revealed that the Government of India would grant further financing up to USD250 million. September 20, India has provided financial assistance of USD250 million to Maldives.
|Maldives||08B||08B - International loans/grants||MVR||3,443,130,861||224,031,400|