Data Extraction

(i) The government has so far allocated AFN1.9 billion (0.1% of GDP) in the budget for emergency health needs, such as (a) establishing testing labs, including at border crossings, (b) setting up special wards to boost hospitalization and care capacity, and (c) procuring the most critical medical supplies; (ii) As of April 22, the government has already allocated a total of AFN8 billion (0.5% of GDP) for emergency pandemic response. The authorities plan to spend about 2% of GDP for critical pandemic-related spending during the year, with about one-third directed to health.

No amount/estimate: To ease tax compliance, the government extended filing deadlines by 2 months, until May 20 for individual and business taxpayers. [update]

(i) USD3 million - Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases; (ii) May 11, USD40 million Emergency Assistance for COVID-19 Pandemic Response grant to support the construction of 15 hospitals and medical facilities. [update]

(i) April 14-Oct 13: IMF Catastrophe Containment And Relief Trust-Grant Assistance For Debt Service Relief, SDR2.4 million (SDR0.729/USD); (ii) April 2, The World Bank approved a USD100.4 million grant for the Afghanistan COVID-19 Emergency Response and Health Systems Preparedness Project to help Afghanistan take effective action to respond to the threat posed by COVID-19 and strengthen its public health preparedness; (iii) The IMF approved Afghanistan’s request for emergency assistance in the amount of SDR161.9 million (approximately USD220 million) under the Rapid Credit Facility; (iv) With the support of the World Bank, other development partners, and humanitarian agencies, the authorities are developing a social relief package—through cash transfers and, if impractical, in kind—to support food security among socially vulnerable households. On April 29, the government started providing free bread to about 2.5 million needy and poor people in Kabul [update]; (v) May 7, USD400 million grant from the World Bank to support the country in managing risks and uncertainties compounded by the COVID-19 crisis. [update]

Multiple packages have been announced by the government to mitigate the economic impact of COVID-19, totalling over EGP102 billion: (i) March 22, EGP100 billion (1.8% of GDP) or USD6.13 billion was announced as the total of stimulus policies to be enacted by the government to mitigate the economic impact of COVID-19; (ii) March 24, EGP1 billion additional funding for health services; (iii) April 2, additional USD7.9 million disgnated for emergency respone activities related to the outbreak; (iv) EGP1 billion in arreas will be paid out to exporters. More data on the breakdown of these packages below.

(i) March 22, EGP8 billion has been allocated to support the healthcare sector, targeted at providing urgent and necessary medical supplies, and disbursing bonuses for medical staff working in quarantine hospitals and labs; (ii) March 22, To support medical professionals, including doctors working in university hospitals, a 75% allowance over the wages has been announced; (iii) March 24, EGP1 billion (USD63.5 million) additional funding was announced, specifically for health services and various measures to increase the country’s capacity to absorb the sudden increase of critical patients that the outbreak might bring; (iv) April 2, additional USD7.9 million designated for emergency response activities related to the COVID-19 outbreak.

(i) No amount/estimate: March 22, Pension benefits have been increased by 14%; (ii) No amount/estimate: March 22, Expansion of the targeted cash transfer social programs, Takaful and Karama, are also being extended to reach more families; (iii) No amount/estimate: March 22, A targeted support initiative for irregular workers in most severely hit sectors has been announced, which will entail EGP500 in monthly grants for 3 months; (iv) No amount/estimate: March 22, Energy costs have been lowered for the entire industrial sector; (v) No amount/estimate: March 22, Real estate tax relief has been provided for industrial and tourism sectors, (vi) No amount/estimate: March 22, Subsidy pay-out for exporters has been stepped up, and discount on fuel price has been announced for the aviation sector; (vii) March 22, EGP50 billion of the EGP100 billion stimulus has been announced for the tourism sector, which contributes close to 12% of Egypt’s GDP, 10% of employment, and almost 4% of GDP in terms of receipts, as of 2019; (viii) No amount/estimate: The moratorium on the tax law on agricultural land has been extended for 2 years; (ix) No amount/estimate: The stamp duty on transactions and tax on dividends have been reduced; (x) No amount/estimate: Capital gains tax has been postponed until further notice; (xii) No amount/estimate: ATM withdrawal fees have been cancelled; (xiii) EGP1 billion in arrears will be paid out by The Export Subsidy Fund in March and April 2020, plus 10% in cash payments to exporters in June 2020; (xiv) No amount/estimate: Three months extension for the payment of property taxes for companies in the industrial and tourism sector; (xv) No amount/estimate: Extension of the individuals’ annual tax return filing deadline to 16 April instead of 31 March, and exemption of the tax returns online filing subscription fee for the use of the Egyptian Tax Authority online filing portal; (xvi) EGP50 million allocated by the Ministry of Workforce for irregular workers, including women, who lost their job due to the coronavirus.

(i) April 2, USD7.9 million funds from the World Bank through activating the Contingency Emergency Response Component (CERC) under the “Transforming Egypt’s Healthcare System Project”, designated for emergency response activities related to the COVID-19 outbreak in Egypt. This measure is reflected in 5A; (ii) May 11, USD2.772 billion in emergency support from the International Monetary Fund to address the COVID-19 Pandemic [update].

(i) Established Emergency Assistance Program for Work and Production for employers and workers affected by the health emergency; (ii) authorized ARS 6 billion to Argentine provinces to strengthen municipal health systems and finances; (iii) created an Emergency Family Income (IFE) to compensate the loss or serious decrease in the income of people linked to the informal sector; (iv) low-income monotributistas, and the workers and workers of private households affected by the health emergency; (v) implemented Universal Child Allowance (AUH) and Universal Pregnancy Allowance (AUE) payments, worth ARS3,103 per month for each child; (vi) increase in budget items for therapeutic communities, homes with coexistence and homes for care and community accompaniments; (vii) increased the monthly non-remunerative financial to temporary workers in the agricultural and agro-industrial sectors.

(i) Increased budget for public investment in road works, economic infrastructure, construction and renovation of houses, schools, kindergartens, and tourism by ARS100 billion; (ii) suspended fees and commissions for ATM operations (deposits, withdrawals, inquiries, etc.) through June 30, 2020; (iii) exempted the payment of employment contributions to sectors criticaly affected by the coronavirus pandemic; (iv) reinforced unemployment insurance; (v) ordered an extraordinary payment to the holders of the Food Card; (vi) May 1, established emergency economic assistance within the framework of the Self-Managed Work Program; (vii) May 1, declared that Emergency Family Income (IFE), Universal Child Allowance (AUH), and the Complementary Salary (SC) are not taxable as part of gross income; (viii) No amount/estimate: May 5, expanded the Emergency Assistance Program for Work and Production to cover more companies and activities; (ix) No amount/estimate: May 6, increased the benefits and number of beneficiaries; (x) No amount/estimate: May 11, updated the amounts of economic aid provided under the Job Insertion Program; (xi) No amount/estimate: May 12, required Banks to refund fees associated with the National Social Security Administration (ANSES) and Emergency Family Income (IFE) benefit. [update]

May 3, instead of defaulting to its creditors, the government proposed a three-year grace period on sovereign debt, a 5.5% reduction in bond principal, and a 62% reduction in interest payments. [update]

World Bank Group approved a USD300 million operation to support Argentina’s efforts to strengthen its social protection system and minimize the impact of the crisis on the most vulnerable families through the "Children and Youth Protection Project”

(i) No amount/estimate: Subsidize the interest rates of co-financed loans for companies that borrow money from Armenian banks in the national currency to pay salaries, taxes, bills and purchase raw materials; (ii) a package of AMD30 billion (over USD60 million) for urgent social assistance for the impoverished. See Measure 9: No breakdown.

(i) March 22, Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (USD0.5 million); (ii) Nonsovereign Operations: Trade Finance Program (Additional Financing) - guarantee (USD5 million); (iii) Nonsovereign Operations: Trade Finance Program (Additional Financing) - loan (USD2.13 million).

April 3, The World Bank allocated USD3 million to address the country’s urgent needs for equipment and supplies needed for the intensive care of people with a confirmed COVID-19 diagnosis.

April, The Commonwealth government has (i) committed to spend almost an extra AUD5 billion (0.3% of GDP) to strengthen the health system and protect the vulnerable people, including those in aged care, from the outbreak of COVID-19; and (ii) introduced temporary measures to ensure the continuity of aged care, amounting to an additional AUD544.6 million.

(i) AUD194 billion (9.7% of GDP) support on measures including (a) wage subsidies (6.7% of GDP), (b) income support to households, (c) cash flow support to businesses, (d) investment incentives, (e) targeted measures for affected regions and industries, and (f) an advance authorization of AUD40 billion for unforeseen events. (See Measure 9: No breakdown); (ii) State and territory governments announced stimulus packages of a total of AUD11.5 billion (0.6% of GDP) including payroll tax relief for businesses and relief for households, such as (a) discount utility bills, (b) cash payments to vulnerable households, and (c) support for health spending; (iii) No amount/estimate: The Commonwealth government has committed to provide free childcare to around one million families and announced targeted support to the education system.

March 20, RBA has established a swap line with the United States (US) Federal Reserve for the provision of US dollar liquidity in amounts up to USD60 billion. Amount oustanding as of May 14 2020: USD1.17billion [update].

(i) Additional capacities for mobile and stationary care (EUR100 million); (ii) EUR60 million are granted to the health system; (iii) EUR 130 million are given to hospitals for equipment and to finance over-time payments; (iv) EUR36 million are disbursed to incentivize eligible research on COVID-19 by Austrian firms; (v) EUR13 million on medical supplies.