|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Bangladesh||05||05 - Health and income support||BDT||37,400,000,000||440,258,976||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (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.
|Bangladesh||05A||05A - Health support||BDT|
|Bangladesh||05B||05B - Income support||BDT||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).||
The Ministry of Finance will subsidize interest payments as mentioned in Measure 2 on working capital loans by scheduled banks to businesses.
|Bangladesh||08||08 - International Assistance Received||BDT||169,875,364,500||1,999,710,000|
|Bangladesh||08A||08A - Swaps||BDT|
|Bangladesh||08B||08B - International loans/grants||BDT||169,875,364,500||1,999,710,000|
|Bangladesh||08B1||08B1 - Asian Development Bank||BDT||75,776,249,500||892,010,000||
(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, USD240.01 million as a guarantee under the Trade Finance Program (Additional Financing) with USD56.62 million co-financing; [update] (iv) April, USD46.30 million as a loan under Trade Finance Program (Additional Financing) with USD21.87 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, USD0.17 million technical assistance under Support to address Outbreak of Coronavirus Disease 2019 and Strengthen Health Systems Preparedness for Communicable Diseases in South Asia.
|Bangladesh||08B2||08B2 - Other||BDT||94,099,115,000||1,107,700,000||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).||
(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. [update]
|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 11 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. https://bit.ly/2yrZXYx (accessed 13 April 2020); Official statement from the 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 11 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: No amount/estimate: (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; (iii) 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%; (iv) Fast-track the implementation of the 12th Five Year Plan and wherever possible frontload the investments; (v) Business income tax (BIT) and corporate income tax (CIT) filing and tax payment for the income year 2019 will be deferred until June 30; (vi) Deferred payment of sales tax and customs duty on essential items (March–June); (vii) Waiver of payment of rent and other charges (April–June) by tourism-related business entities leasing government properties; (viii) May 25, The government will be refunding the 5% sales tax collected on telecom services collected on or after January 16, 2020 [update].
|Bhutan||08||08 - International Assistance Received||BTN/INR||3,161,039,343||42,535,000|
|Bhutan||08A||08A - Swaps||BTN/INR|
|Bhutan||08B||08B - International loans/grants||BTN/INR||3,161,039,343||42,535,000|
|Bhutan||08B1||08B1 - Asian Development Bank||BTN/INR||1,589,623,405||21,390,000||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, 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 (USD0.17 million).
|Bhutan||08B2||08B2 - Other||BTN/INR||1,571,415,938||21,145,000||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).||
(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, 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) [update].
|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||08||08 - International Assistance Received||EUR||131,062,824,000||144,981,000,000|
|European Central Bank||08A||08A - Swaps||EUR||131,062,824,000||144,981,000,000||New York FED.https://apps.newyorkfed.org/markets/autorates/fxswap (accessed 14 June 2020).||
Peak amount outstanding with the US Fed: USD144.981 billion as of June 10.
|European Central Bank||08B||08B - International loans/grants||EUR|
|European Central Bank||08B1||08B1 - Asian Development Bank||EUR|
|European Central Bank||08B2||08B2 - Other||EUR|
|European Union||05||05 - Health and income support||EUR||216,199,000,000||239,158,185,841|
|European Union||05A||05A - Health support||EUR||3,880,000,000||4,292,035,398||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 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.
|European Union||05B||05B - Income support||EUR||212,319,000,000||234,866,150,442||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020); EC. https://ec.europa.eu/regional_policy/en/newsroom/news/2020/01/14-01-2020-financing-the-green-transition-the-european-green-deal-investment-plan-and-just-transition-mechanism (accessed 19 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 21 May 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_997 (accessed 12 June 2020).||
(i) Mobilised European Globalisation Adjustment Fund to support dismissed workers and those self-employed (up to EUR179 million available in 2020); (ii) EUR100 billion to finance the short-term unemployment mechanisms through the loans provided by the EU Commision to EU member states (SURE mechanism) backed by EUR 25 billion of guarantees voluntarily committed by Member States to the EU budget. On May 20, a Regulation establishing SURE entered into force. Countries will be able to use loans also in support of some health-related measures, esp. in the workplace. SURE will become available once all Member States have provided the required guarantees proportionally to gross national income, and will remain available until end-2022 (with the possibility to adjust this deadline) ; (iii) 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; (iv) March, EUR37 billion unallocated funds of cohesion policy funding 2014-2020 will be eligible for Coronavirus crisis related expenditure within the Corona Response Investment Initiative. Member States can use them to support public investment for hospitals, SMEs, labor markets, and stressed regions. The Coronavirus Response Investment Initiative Plus (CRII+), proposed on 2 April, complements the CRII by further enhancing flexibility in the use of cohesion funds. This enhanced flexibility is inter alia provided through transfer possibilities across the three cohesion policy funds (the European Regional Development Fund, European Social Fund and Cohesion Fund), transfers between the different categories of regions (e.g. less vs more developed), flexibility regarding thematic concentration, the possibility for a 100% EU co-financing rate for the accounting year 2020-2021, and simplified procedural steps; (v) European Green Deal investments will remain a priority as part of the EU's efforts to kickstart its economy post-crisis. One of its three sources of funding is a grant, the A Just Transition Fund, which will receive EUR7.5 billion of fresh EU funds. In order to tap into their share of the Fund, Member States will, in dialogue with the Commission, have to identify the eligible territories through dedicated territorial just transition plans. They will also have to commit to match each euro from the Just Transition Fund with money from the European Regional Development Fund and the European Social Fund Plus and provide additional national resources. Taken together, this will provide between EUR30 and EUR50 billion of funding. It will, for example, support workers to develop skills and competences for the job market of the future and help SMEs, start-ups and incubators to create new economic opportunities in these regions. It will also support investments in the clean energy transition, for example in energy efficiency. Another source of funds for this initiative is a public sector loan facility with the European Investment Bank backed by the EU budget to mobilise between EUR25 and EUR30 billion of investments. It will be used for loans to the public sector, for instance for investments in district heating networks and renovation of buildings; (vi) June 8, European Innovation Council (EIC) Accelerator Pilot fund issued grants of EUR140 million to innovative companies [update]; (vii) Proposed modifications to its 2020 budget to make EUR 11.5 billion available for the hardest hit regions, and to support businesses, including those outside of EU borders. These modifications are stopgap measures to provide support while waiting for the European Commission to ratify a budget containing the "Next Generation EU" recovery instrument [update].
|European Union||08||08 - International Assistance Received||EUR|
|European Union||08A||08A - Swaps||EUR|
|European Union||08B||08B - International loans/grants||EUR|
|European Union||08B1||08B1 - Asian Development Bank||EUR|
|European Union||08B2||08B2 - Other||EUR|
|India||05||05 - Health and income support||INR||10,999,246,500,000||148,006,050,887||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 (about 0.1% of GDP). The second, focusing on nonhealth initiatives, totalled around INR2 trillion (1% of GDP). Finally, on May 13, USD112.5 billion (4% of GDP) 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.
|India||05A||05A - Health support||INR||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 (about 0.1% of GDP) 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."
|India||05B||05B - Income support||INR||Ministry of Finance. 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.
|India||08||08 - International Assistance Received||INR||299,293,611,063||4,027,300,000|
|India||08A||08A - Swaps||INR|
|India||08B||08B - International loans/grants||INR||299,293,611,063||4,027,300,000|
|India||08B1||08B1 - Asian Development Bank||INR||112,916,026,283||1,519,400,000||ADB Table A1.3 Nonsovereign Operations (accessed as of 12 June 2020); ADB Table A1.4 Asia Pacific Disaster Response Fund and Technical Assistance, 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 (both accessed as of 29 May 2020).||
(i) April 22, USD1 million under the Strengthening Capacity of the National Urban Health Mission (Supplementary); (ii) April 28, USD2 million under the Building Capacity for Improved Implementation of Government’s COVID-19 Response and Pro-Poor Economic Package; (iii) April 28, USD1.5 billion under the COVID-19 Active Response and Expenditure Support Program; (iv) USD3 million under the TA: Regional Support to Address the Outbreak of COVID-19; (v) May 14, USD0.7 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; (vi) May 20, USD0.17 million as support to address the outbreak of the Coronavirus disease, and to strengthen the health systems preparedness for South Asia; (v) 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. [update]
|India||08B2||08B2 - Other||INR||186,377,584,780||2,507,900,000||AIIB. 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/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).
|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