Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Arab Republic of Egypt 05 05 - Health and income support EGP 107,480,000,000 6,839,337,353 OECD. (accessed 7 May 2020); IMF. (accessed 7 May 2020).

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 arrears will be paid out to exporters. More data on the breakdown of these packages below.

Arab Republic of Egypt 05A 05A - Health support EGP OECD. (accessed 7 May 2020); IMF. (accessed 7 May 2020).

(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.

Arab Republic of Egypt 05B 05B - Income support EGP Egyptian Customs Authority. (accessed 24 September 2020). Ministry of Social Solidarity. (accessed 17 September 2020). Ministry of Petroleum. (accessed 17 September 2020). Central Bank of Egypt. (accessed 24 September 2020); (accessed 24 June 2020). Ministry of Petroleum and Mineral Resources. (accessed 19 June 2020). World Bank. (accessed 7 May 2020); OECD. (accessed 7 May 2020); IMF. (accessed 23 July 2020).

(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; (xvii) June 17, EGP5.3 billion in exemptions to natural gas consumers from penalty fine for late payments; (xviii) No amount/estimate: June 21, Extended until September 15, 2020, the exemption from all fees & commissions for local transfers in EGP. On September 15, this was again extended until December 21, 2020. Further, contactless prepaid bank cards will continue to be issued to citizens free of charge; [update] (xix) No amount/estimate: A Corona tax of 1% on all public and private sector salaries and 0.5% on state pensions have been imposed, the proceeds of which are earmarked for sectors and SMEs most affected by the pandemic; (xx) No amount/estimate: July 23, the new consumer spending initiative will also include discounts on selected consumer goods, the details of which are yet to be announced; (xxi) Bonus for workers in the petroleum sector worth 12% of the basic wage for a worker on June 30, 2020, with a minimum of EGP75 added to the basic wage. Bonus for workers in the workers in "the shareholding corporate sector" side of the petroleum industry get a bonus worth 12% of their basic wages with a minimum of EGP75 and a maximum of EGP300; (xxii) EGP500 support total for tour guides. Disbursement begins with an EGP100 disbursement on September 8, 2020; (xxiii) September 18, Reduction in customs duties by rates exceeding 50% of their current levels on some components of the furniture, petrochemical and durable electrical appliances industries such as refrigerators and televisions, as well as for mass transit vehicles and vehicle supply stations with electric and gas power. [update]

Arab Republic of Egypt 09 09 - International Assistance Provided EGP
Arab Republic of Egypt 09A 09A - Swaps EGP
Arab Republic of Egypt 09B 09B - International loans/grants EGP
Arab Republic of Egypt 11 11 - Other Economic Measures EGP Central Bank of Egypt.,-2020-regarding-allowing-banks-to-own-unlimited-shares-in-payment-service-providers-and-payment-sys.aspx (accessed 12 August 2020). World Bank. (accessed 7 May 2020); OECD. (accessed 7 May 2020); IMF. (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; (v) August 6, Allowed banks to own unlimited shares in payment service providers and payment systems operators.

Argentina 05 05 - Health and income support ARS 169,134,000,000 2,695,362,550
Argentina 05A 05A - Health support ARS 6,000,000,000 95,617,530 Yale. (accessed 5 May 2020). Argentine Government. (accessed 14 August 2020). Argentine Government. (accessed 25 September 2020).

(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; (viii) No amount/estimate: August 8, Established a subsidy of ARS 15,000 for the relatives of people who died due to COVID-19, who at the time of their death, were unemployed, worked in the informal economy or were monotaxists; (ix) No amount/estimate: September 15, Extended the Stimulus Allowance for Healthcare workers by 90 days and expanded the scope of the allowance to reach 700,000 people when before it reached 500,000. This is a monthly 5,000 Peso allowance for healthcare workers. [update]

Argentina 05B 05B - Income support ARS 163,134,000,000 2,599,745,020 Argentine Government. (accessed 03 Jul 2020). Argentine Government. (accessed 03 July 2020). Yale. (accessed 29 May 2020, 19 June 2020, 26, June). Official Bulletin of Argentina. (accessed 17 July 2020). Argentine Government. (accessed 24 July 2020). Argentine Government. (accessed 31 July 2020). Argentine Government. (accessed 14 August 2020). Argentine Government. (accessed 28 August 2020). Argentine Government. (accessed 28 August 2020). Argentine Government. (accessed 25 September 2020).

(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; (x) May 14, ARS29 billion federal program which includes the construction of 5,500 new homes, the financing of 42,900 parts that include gas, electricity and sanitary infrastructure works, the granting of microcredits for the acquisition of construction materials and the carrying out of small-scale works, as well as the conditioning of community spaces in popular neighborhoods. Estimated to generate 750 thousand direct and indirect jobs between 2020 and 2021; (xi) No amount/estimate: May 18, announced an increase of 6.12% for all retirees and pensioners according to the scale of the pyramid, which brings the minimum retirement to 16,864 pesos and the maximum credit to 113,479 pesos, also includes increases in non-contributory pensions, the Universal Child Allowance, the Universal Pregnancy Allowance and the Family Allowances; (xii) May 22, ARS21 million for the acquisition of 70,000 new computers, within the framework of the federal connectivity program "Juana Manso" that carries out the educational portfolio; (xiii) No amount/estimate: June 5, ordered payment of 3 thousand pesos for those under the Empower Work Program and did not receive IFE; (xiv) No amount/estimate: June 9, national government extended the right to double compensation for individuals who are dismissed from their jobs without just cause; (xv) No amount/estimate: June 9, exempted temporarily from payment of income tax for overtime, guards and additional personnel of Health, Armed, and Security Forces and other activities related to the health emergency; (xvi) No amount/estimate: created assistance programs for individuals with disabilities affected by COVID-19; (xvii) June 12, ARS900 million, emergency measures to face the COVID-19 pandemic and its sanitary, economic and housing consequences; (xvii) No amount/estimate: June 18, extended until September 30 the suspension of the collection of all charges to operate in ATMs; (xix) No amount/estimate: June 22, increase of ARS3000 in the monthly non-contributory financial aid under Training and Employment Insurance; (xx) June 28, ARS1.9 billion grant to province of Mendoza under the the Trust Fund for Financial Development; (xxi) June 30, ARS313 million to launch the Program to Promote Work in the province of Cordova; (xxii) July 7, ARS4 billion budget for 2020 to support the reactivation and completion of National Housing Plan projects; (xxiii) July 15, extended until October 2020 loan benefits under the Emergency Assistance to Work and Production (ATP) program for the performing arts sector; (xxiv) July 16, ARS6.4 billion for the provinces of Jujuy, La Rioja, Tierra del Fuego, and Salta under the Trust Fund for Provincial Development (FFDP); (xxv) July 27, ARS500 million for the program "Empower Work" in Chaco; (xxvi) August 7, ARS100 million for Created the Program for the Promotion of Work, Rooting and Local Supply (PROTAAL); (xxvii) August 19, ARS20 billion to rehabilitate the infrastructure projects in the provinces of Chaco, Misiones, Córdoba, La Pampa and Salta; (xxviii) August 24, an increase of 7.50% for pension benefits as of September; (xxix) September 20, utilities with up to 7 months of past-due payments from March 1 2020 onwards cannot be discontinued. [update]

Argentina 09 09 - International Assistance Provided ARS
Argentina 09A 09A - Swaps ARS
Argentina 09B 09B - International loans/grants ARS
Argentina 11 11 - Other Economic Measures ARS 0 Yale. (accessed 9 May 2020, 26 June 2020); IMF. (accessed 27 April 2020). Official Bulletin of Argentina. (accesed 31 July 2020). Official Bulletin of Argentina. (accessed 2 October 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; (vii) July 23, extension of 15 days for presentation and payment of tax returns on earnings and personal and identity assets.

Brazil 05 05 - Health and income support BRL 269,871,412,727 55,265,073,703
Brazil 05A 05A - Health support BRL 28,788,040,000 5,895,300,789 OECD . Https:// (accessed May 28)

(i) An additional 0.4% of GDP have been assigned to the public healthcare system, in addition to transfers to state and municipal governments who bear the main responsibility for public healthcare; (ii) Taxes and import duties on goods used by hospitals have been zeroed and import procedures eased. (iii) Field hospitals are being built and efforts are underway to procure respirators and augment ICU capacity; (iv) The Health Ministry opened 5,800 vacancies for doctors; (v) Resident doctors will receive a 20% bonus, worth USD 130.

Brazil 05B 05B - Income support BRL 241,083,372,727 49,369,772,914 Institute of International Finance (IIF) (Accessed 29 April 2020). Ministry of Finance (accessed June 25). Ministry of Economy (accessed 1 July 2020). Ministry of Economy (accessed 12 July 2020). Ministry of Economy (accessed 20 July 2020). Ministry of Economy (accessed 6 August 2020). Ministry of Infrastructure (accessed 7 August 2020)

(i) Announced a comprehensive fiscal package worth USD30 billion, that includes expansion and front-loading of social assistance/benefit payments; (ii) expanding the Bolsa Familia program with the inclusion of over 1 million more beneficiaries, cash transfers to informal and unemployed workers, and advance payments of salary bonuses to low income workers; (iii) USD1.5 billion to finance two months of payroll for firms impacted by COVID-19; (iv) Announced several measures, which include bringing forward the 13th pension payment to retirees, expanding the Bolsa Familia program, providing an emergency cash transfer to households; and (v) Introducing temporary tax breaks and credit lines through the state-owned banks, lowering taxes and import levies on essential medical supplies, and assisting state and local governments; (vi) June 23, the Ministry of Economy suspends for up to 6 months payment to the Board of Trustees of the Severance Pay Fund (FGTS) from private urban public transport companies; the impact of suspended payments is approximately BRL51 million (see Category 3B for link); (vii) No amount/estimate; June 19, the National Treasury updated the Manual for Instruction of Claims (MIP) to include specific guidelines and procedures under the Complementary Law No. 173/2020 that established the Federative Program to Combat Coronoavirus and altered the Fiscal Responsiblity Law (LRF) by waiving limits placed on "the Union, the States, the Federal District and Municipalities" in the event of a "public calamity"; (viii) June 30, the Ministry of Economy announced extension of emergency aid for another 2 months to 64.3 million Brazilians, who receive an additional BRL600 per month (total = 64.3 million x BRL600 x 2 months = BRL77.16 billion; (ix) July 3, the Ministry of Economy announced a reduction in the IOF tax rate on credit operations had been extended 90 days; the estimated tax waiver for the 90 days is BRL7.051 billion; (x) July 14, the Ministry of Economy announced extension of the validity period of Negative Debt Certificates (CND) and Positive Certificates with Negative Effects (CNEND) for another 30 days, both relating to federal tax credits; (xi) July 29, Ministry of Economy announced the Aldir Blanc Law that provides amergency aid of BRL600 for people working in cultural establishments such as independent theaters, circuses, cinema clubs, cultural spaces in indigenous areas and popular festivals; total estimated expense is BRL3 billion; (xii) No amount/estimate; August 6, Ministry of Infrastructure announced cancellation of the USD18 per ticket International Boarding Fare, starting in 2021;

Brazil 09 09 - International Assistance Provided BRL
Brazil 09A 09A - Swaps BRL
Brazil 09B 09B - International loans/grants BRL
Brazil 11 11 - Other Economic Measures BRL IMF. (Accessed 29 April 2020). AGB. (accessed 14 May 2020). Reuters. (accessed 14 May 2020). Ministry of Economy (accessed 20 July 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. (v) July 14, the Ministry of Economy announced the extension of the proportional reduction of work and salary agreements and temporary suspension of the Benefit's employment contract via the Emergency Preservation of Employment and Income (BEm)

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 09 09 - International Assistance Provided EUR 29,800,000,000 32,964,601,770
European Central Bank 09A 09A - Swaps EUR 29,800,000,000 32,964,601,770 ECB. (18 May 2020); ECB. (accessed 9 July 2020); ECB. (accessed 23 July 2020); ECB. (accessed 27 August 2020); ECB. (accessed 3 September 2020).

(i) March 20, ECB and Danmarks Nationalbank reactivate swap line of EUR24 billion (increased EUR12 billion) to remain in place for as long as needed; (ii) April 15, ECB and Bulgarian National Bank set up new swap line of EUR2 billion to remain in place until end-2020, or as long as needed; (iii) April 22, ECB and Hrvatska narodna banka set up new swap line of EUR2 billion until end-2020, or as long as needed; (iv) No amount/estimate: June 25, Launched a new Eurosystem repurchase (EUREP) facility to provide euro liquidity to non-euro area central banks. The European Central Bank introduced this facility as a precautionary backstop to address pandemic-related euro liquidity needs outside of the euro area. EUREP will allow a broad set of central banks to borrow euros against euro-denominated debt issued by euro area central governments and supranational institutions. EUREP will be available until June 2021. July 17, ECB and Bank of Albania set up a EUR400 million repo line to provide euro liquidity. July 17, ECB and National Bank of Serbia set up a EUR1 billion repo line to provide euro liquidity; (v) August 18, ECB and National Bank of the Republic of North Macedonia set up repo line to remain in place until June 2021 with a size of EUR400 million ; (vi) 28 August, ECB and the Hrvatska narodna banka (Croatian National Bank, HNB) as well as the Banca Naţională a României (National Bank of Romania, BNR) have agreed to extend the respective euro liquidity lines by six months until the end of June 2021 .

European Central Bank 09B 09B - International loans/grants EUR
European Central Bank 11 11 - Other Economic Measures EUR
European Union 05 05 - Health and income support EUR 10,153,500,000 11,231,747,788
European Union 05A 05A - Health support EUR 5,034,500,000 5,569,137,168 OECD. (accessed 15 April 2020); EC. (accessed 1 August 2020); EC. (accessed 12 September 2020); EC. (accessed 21 September 2020); EC. (accessed 21 September 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. September 11, the EC agreed to add EUR6.2 billion to the EU 2020 budget to address the impact of the COVID-19-crisis and to fund inter alia the vaccine strategy. The revised budget increases payments for the Emergency Support Instrument (ESI) by EUR1.09 billion to ensure the development and deployment of a COVID-19 vaccine. The European Commission will use this money as a down-payment for pre-ordering vaccine doses. September 18, EU allocates EUR150 million for the transport of essential medical items through the ESI and entered into a contract with Sanofi-GSK to purchase up to 300 million doses of the Sanofi-GSK vaccine. [update]; (iv) EUR63 million, European Commission secures EU access to Remdesivir (first European treatment authorised for COVID-19).

European Union 05B 05B - Income support EUR 5,119,000,000 5,662,610,619 OECD. (accessed 15 April 2020); EC. (accessed 19 April 2020); IMF. (accessed 21 May 2020); EC. (accessed 12 June 2020); EC. (accessed 12 June 2020). EC. (accessed 9 July 2020); ESF. (accessed 5 September 2020); EC. (accessed 5 September 2020); UK Government. (accessed 24 September 2020).

(i) Mobilised European Globalisation Adjustment Fund to support dismissed workers and those self-employed (up to EUR179 million available in 2020); (ii) 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. June 19, third amendment to the State aid extends Temporary Framework to enable Member States to provide public support under the Temporary Framework to all micro and small companies, even if they were already in financial difficulty on 31 December 2019; (iii) June 8, European Innovation Council (EIC) Accelerator Pilot fund issued grants of EUR140 million to innovative companies; (iv) June, EUR4.8 billion (in grants from the amended 2020 annual EU budget) for REACT-EU that will provide additional funding for the most important sectors that will be crucial to lay the basis for a sound recovery. This will involve investment to support job maintenance, including through short-time work schemes and support for the self-employed. The funds can also be used to support job creation and youth employment measures, to health care systems and the provision of working capital and investment support for small and medium-sized enterprises. Such support will be available across economic sectors, including for the much-affected tourism and culture sectors. The additional support will also serve to invest in the European Green Deal and digital transition, as an enhancement to the significant investment in those areas that is already taking place through EU cohesion policy.

European Union 09 09 - International Assistance Provided EUR 500,279,700,000 553,406,747,788
European Union 09A 09A - Swaps EUR
European Union 09B 09B - International loans/grants EUR 500,279,700,000 553,406,747,788 Yale. (accessed 29 April 2020); EIB. (accessed 14 July 2020); EC. (accessed 18 July 2020); EC. (accessed 23 July 2020); EC. (accessed 23 July 2020); EC. (accessed 27 July 2020); (accessed 5 August 2020); EC. (accessed 15 August 2020); EIB. (accessed 19 August 2020); European Parliament. (accessed 5 September 2020). EC. (accessed 12 September 2020); EIB. (accessed 18 September 2020); Daily News Egypt. (accessed 21 September 2020); EEAS. (accessed 24 September 2020); EC. (accessed 24 September 2020); EIB. (accessed 24 September 2020); EIB. (accessed 24 September 2020); EC. (accessed 26 September 2020); EC. (accessed 3 October 2020).

For EU Member States: (i) 9 April, EU finance ministers decided to establish Pandemic Crisis Support credit lines within the framework of the European Stability Mechanism (ESM). Access granted will be 2% of the respective country's GDP as of end-2019, as a benchmark (about EUR 240 billion in total). The credit line will be available until the COVID-19 crisis is over. The only requirement to access the credit line is that euro area Member States requesting support would commit to use this credit line to finance direct and indirect healthcare, cure and prevention related costs due to the COVID 19 crisis. On May 15, the Board of Governors of the ESM approved the establishment of Pandemic Crisis Support; (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). On August 24, the European Commission has presented proposals to the Council for decisions to grant financial support of EUR81.4 billion to 15 Member States under the SURE instrument. Once the Council approves these proposals, the financial support will be provided in the form of loans granted on favourable terms from the EU to Member States. These loans will assist Member States in addressing sudden increases in public expenditure to preserve employment. Specifically, they will help Member States to cover the costs directly related to the financing of national short-time work schemes, and other similar measures they have put in place as a response to the coronavirus pandemic, in particular for the self-employed. September 25, EU Council approves the EUR87.4 billion in financial support for member states under SURE [update]; (iii) 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. September 11, the Council agreed to add EUR6.2 billion to the EU 2020 budget to address the impact of the COVID-19-crisis. Draft amending budget No 8 includes increasing payments by EUR5.1 billion for the Corona Response Investment Initiative (CRII) and the Corona Response Investment Initiative Plus (CRII+). The money will be used to cover the additional needs for cohesion funding forecast until the end of the year. The CRII redirects unspent money from the EU budget to tackling the COVID-19 crisis, whilst the CRII+ relaxes the cohesion spending rules to increase flexibility. September 23, the EC has approved the modification of nine more Cohesion policy operational programmes in Spain, worth a total of EUR1.2 billion from the European Regional Development Fund (ERDF) to alleviate the impact of the coronavirus outbreak. This comprehensive recovery approach will reallocate funds to strengthen the response capacity of the Spanish health system with supplementary hospital beds, the purchase of pharmaceutical and laboratory material, medical and protective equipment. Moreover, support to SMEs will contribute to boost the economic sector. Finally, EU funds will be redirected to develop the ITC of the education and training sectors [update]; (iv) 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; (v) September 9, EIB made available EUR650 million to the Polish Ministry of Finance to support the country’s efforts in combating the pandemic; (vi) September 21, EIB expects to provide more than EUR1 billion to support new COVID-19 and Brexit business financing programmes, climate action and education investment in Ireland in 2020 and work closely with Irish authorities to implement the National Recovery Plan [update]. For Non-EU Member States (i) July, The EU will secure financial support to partner countries amounting to more than EUR15.9 billion (increased from EUR15.6) from existing external action resources; (ii) April 11, A EUR20 billion Team Europe package to support partner countries to combat the coronavirus pandemic and its consequences. The Team Europe package has the aim of supporting the most vulnerable countries and people most at risk, in the EU’s neighbourhood, with special emphasis on Africa, and also in the Pacific, in Latin America and the Caribbean [update]. August 5, EIB is directing EUR300 million of financing to support the resilience and recovery of African nations in response to the COVID-19 pandemic. September 18, EUR400 million contribution in guarantees to support the COVAX Facility for equitable access to affordable COVID-19 vaccines. This is part of the Team Europe response [update]; (iii) March 31, Added a new package of almost EUR240 million to the EU Regional Trust Fund in Response to the Syrian Crisis; (iv) June, EUR1 billion for the European Fund for Sustainable Development (EFSD) which is one of the EU financial instruments that promote a pro-active development aid policy. It is part of the complex European external investment plan to support investments primarily in the EU neighbourhood and Africa; (v) July 16, EUR15 million humanitarian funding for Haiti; (vi) July 29, The European Commission (EC) is providing EUR64.7 million in humanitarian aid for countries in the southern Africa region to help support people in need dealing with the coronavirus pandemic, extreme weather conditions such as persistent drought in the region and other crises; (vii) August 3, the EIB will lend EUR10 million in synthetic local currency to Credo Bank, the leading actor on microfinance market in Georgia predominantly servicing enterprises in rural areas and agricultural sector. This is the second loan under the EIB's Georgia Outreach Initiative launched to improve access to finance for the country's MSMEs. Loans will be available under flexible terms to help maintain liquidity of MSMEs to continue operating and preserve jobs. The loan comes as a part of the immediate response to Covid-19 pandemic launched by the EU and its Team Europe and is facilitated by an EU grant; (viii) August 11, EUR3 billion macro-financial assistance (MFA) programmes for ten enlargement and neighbourhood partners (Albania, Bosnia and Herzegovina, Georgia, Jordan, Kosovo, Moldova, Montenegro, North Macedonia, Tunisia and Ukraine), aimed to help them limit the economic fallout of the coronavirus pandemic. The MFA funds will be made available for 12 months in the form of loans on highly favourable terms to help these countries cover their immediate, urgent financing needs; (ix) September 6, EIB and Egypt’s National Bank of Egypt have signed an agreement, worth EUR800 million, to meet the financial needs of small- and medium-sized enterprises and build their resilience to the novel coronavirus (COVID-19) pandemic. The agreement between the two banks comes as part of a larger agreement approved by the EIB worth EUR1.9 billion, where EUR1.1 billion will be provided for the transport sector and EUR800 million for SMEs; (x) September 16, EIB and Morocco’s Crédit Agricole du Maroc sign a EUR200 million financing agreement to support agricultural ecosystems [update].

European Union 11 11 - Other Economic Measures EUR WTO. (accesed 20 April 2020); Yale. (accessed 20 April 2020); ESMA. (accessed 19 September 2020); ESMA. (accessed 19 September 2020); EBA. (accessed 1 October 2020).

(i) March to April, ESMA, EU's securities and markets regulator, issued various statements to adjust compliance and reporting schedule, clarify accounting standard applications (e.g. IAS 8, IFRS 9, and IFRS 17), and ensure alignment of reporting requirements and supervisory practices in the EU; (ii) April 26, Export restriction of critical COVID-related products; (iii) September 7, ESMA provides for the option to apply the annual transparency calculations for non-equity instruments from 21 September; (iv) September 17, The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has renewed its decision to temporarily require the holders of net short positions in shares traded on a European Union (EU) regulated market to notify the relevant national competent authority (NCA) if the position reaches or exceeds 0.1% of the issued share capital. The measure applies from 18 September 2020 for a period of three months; (v) September 25, The European Banking Authority launched its 7th annual EU-wide transparency exercise, with the objective of providing market participants with updated information on the financial conditions of EU banks as of June 2020, thus assessing the preliminary impact of the COVID-19 crisis on the sector. The EBA expects to publish the results of this exercise at the beginning of December, along with the Risk Assessment Report [update].

Islamic Republic of Iran 05 05 - Health and income support IRR 2,206,300,570,560,000 52,530,965,966
Islamic Republic of Iran 05A 05A - Health support IRR 459,645,952,200,000 10,943,951,243 IMF. (accessed 6 May 2020).

Additional funding to health sector at 2% of GDP.

Islamic Republic of Iran 05B 05B - Income support IRR 1,746,654,618,360,000 41,587,014,723 IMF. (accessed 6 May 2020).

(i) Moratorium on tax payments at 7% of GDP; (ii) cash transfer to vulnerable householders at 0.3% of GDP; (iii) support to unemployment insurance fund at 0.3% of GDP.

Islamic Republic of Iran 09 09 - International Assistance Provided IRR
Islamic Republic of Iran 09A 09A - Swaps IRR
Islamic Republic of Iran 09B 09B - International loans/grants IRR
Islamic Republic of Iran 11 11 - Other Economic Measures IRR IMF. (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.