|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Afghanistan||05||05 - Health and income support||AFN||43,571,630,000||553,700,060||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 17 September 2020).||
According to the mid-year budget revision to be submitted to parliament in September, authorities envisage a total of 2.9% of GDP for pandemic-related spending, with about 15% directed to health.
|Afghanistan||05A||05A - Health support||AFN||6,535,744,500||83,055,009||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 6 May 2020).||
(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.
|Afghanistan||05B||05B - Income support||AFN||37,035,885,500||470,645,051||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 26 June 2020).||
No amount/estimate: To ease tax compliance, the government extended filing deadlines, initially to May 20, now to July 5 for individual and business taxpayers.
|Afghanistan||11||11 - Other Economic Measures||AFN||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 24 July 2020)||
(i) The government has taken steps to replace wheat imports lost due to border closures with purchases from Central Asia; (ii) On July 15, trade with India through Wagah border post in Pakistan resumed.
|Armenia||05||05 - Health and income support||AMD||30,000,000,000||61,348,610|
|Armenia||05A||05A - Health support||AMD|
|Armenia||05B||05B - Income support||AMD||30,000,000,000||61,348,610||Asbarez. http://asbarez.com/193112/pashinyan-unveils-economic-aid-package-amid-state-of-emergency/ (accessed 16 April 2020).||
(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.
|Armenia||11||11 - Other Economic Measures||AMD||KPMG. https://home.kpmg/xx/en/home/insights/2020/04/armenia-government-and-institution-measures-in-response-to-covid.html (accessed 14 May 2020)||
May 14, Temporary restrictions on the export of medical masks, gloves and goggles, biohazard suits, medical robes, antiviral medicines, gauze and other medical products.
|Azerbaijan||05||05 - Health and income support||AZN||1,206,850,000||709,911,765|
|Azerbaijan||05A||05A - Health support||AZN||58,300,000||34,294,118||Ministry of Emergency Situations. http://www.fhn.gov.az/index.php?eng/news/xeber/2020/7/6/36724//1 (accessed 17 July 2020); Cabinet of Ministers. https://cabmin.gov.az/az/article/969/ (accessed 07 August 2020).||
(i) No amount/estimate: July 6, Installation of 10 modular hospital complexes in various regions of the country. It is expected to create 2,000 additional beds for the treatment of coronavirus patients; (ii) August 6, The government reported that medical personnel involved in the fight against COVID-19 received increased salaries from March to June. 64,038 medical staff have so far received salaries of AZN58.3 million; (iii) August 6, The government reported that 215 medical staff with extensive experience in COVID-19 from Turkey, the Russian Federation, People's Republic of China, Italy, and Cuba were brought to the country to work with Azerbaijan's medical personnel.
|Azerbaijan||05B||05B - Income support||AZN||1,148,550,000||675,617,647||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Caspian News. https://caspiannews.com/news-detail/azerbaijan-takes-measures-to-mitigate-covid-19-impact-on-economy-social-life-2020-4-6-1/ (accessed 15 April 2020); European Bank for Reconstruction and Development (EBRD). https://www.ebrd.com/news/2020/ebrd-and-azerbaijans-central-bank-promote-manat-lending-to-coronavirushit-firms.html (accessed 27 May 2020); Ministry of Economy. https://www.economy.gov.az/en/article/ozel-sektora-yeni-maliyye-desteyi-ve-i-qtisadiyyat-nazirinin-sahibkarlarla-onlayn-gorushunun-kechirileceyi-barede/31115 (accessed 07 August 2020); Ministry of Economy. https://www.economy.gov.az/en/article/ferdi-sahibkarlara-maliyye-desteyi-gosterilmesine-bashlanilib/31163 (accessed 12 August 2020).||
(i) April 6, AZN1 billion (USD588 million) for the government's subsidization of 10% of the interest for one year of existing company loans; (ii) No amount/estimate: April, Tax exemptions for micro-enterprises and value-added tax (VAT) exemption for some food and medicinal products, as well as the raw materials that are necessary; (iii) No amount/estimate: Lump-sum payments in the amount of living wage - AZN190 (USD112) to 200,000 unemployed citizens of the country. The payment is considered for two months. The social package aims to relieve the impact of the novel coronavirus on the social life of people by multiple tools, including creation of 50,000 paid public jobs, tuition support program for students from socially vulnerable families, financial support program for mortgage and credit guarantee mechanism, program to support communal fees, primarily for electricity consumption of the population, and financial support program for vital passenger transport activities; (iv) May 19, USD50 million, or about AZN85 million (of the USD200 million swap with the European Bank for Reconstruction and Development (EBRD)) is allocated as support to local firms, including smaller viable enterprises experiencing temporary difficulties; (v) No amount/estimate: August 6, The government announced a financial support package for pandemic-affected industries that did not implement significant reductions in the number of employees. Financial support will be paid in equal installments in two stages, covering August and September; (vi) August 11, The government announced a second phase of financial support to individual (micro) entrepreneurs. The first phase of the program has already released AZN63.55 million of cash transfers to 106,907 individual (micro) entrepreneurs.
|Azerbaijan||11||11 - Other Economic Measures||AZN||114,147,378||67,145,516||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); The Coronavirus Response Fund. http://covid19fund.gov.az/en/ (accessed 19 April 2020); Eurasianet. https://eurasianet.org/to-fight-coronavirus-azerbaijan-passes-the-hat (accessed 19 April 2020); Coronavirus Response Fund. http://covid19fund.gov.az/en/donation (accessed 23 July 2020).||
(i) March, Establishment of the Coronavirus Response Fund under the Decree of the President of the Republic of Azerbaijan of March 19, 2020. The government itself is asking for donations from citizens, organizations, and businesses to help it deal with the disease in Azerbaijan. According to President Ilham Aliyev, the basic goal of the fund is for the people of Azerbaijan to within the limits of their capability, demonstrate their civil solidarity and generosity which are foundations of their society. The fund has raised AZN114 million as of July 20; (ii) April, The CBA and commercial banks have shifted to a seven-day work week, including to allow individuals and businesses to convert their manat holdings into foreign currency; (iii) April 23, The CBA also announced that it will extend its guarantees on insurance premiums.
|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||11||11 - Other Economic Measures||EUR|
|European Union||05||05 - Health and income support||EUR||10,203,500,000||11,287,057,522|
|European Union||05A||05A - Health support||EUR||5,084,500,000||5,624,446,903||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1416 (accessed 1 August 2020); EC. https://www.consilium.europa.eu/en/press/press-releases/2020/09/11/addressing-covid-19-council-approves-6-2-billion-budget-increase-for-2020/ (accessed 12 September 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1671 (accessed 21 September 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1680 (accessed 21 September 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1829 (accessed 10 October 2020); EIB. https://www.eib.org/en/press/all/2020-271-covid-19-eib-provides-eur50-million-to-navarre-to-strengthen-its-health-response-to-covid-19 (accessed 15 October 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. ; (iv) EUR63 million, European Commission secures EU access to Remdesivir (first European treatment authorised for COVID-19); (v) No amount/estimate: October 8, the EC approved a third contract with a pharmaceutical company, Janssen Pharmaceutica NV, one of the Janssen Pharmaceutical Companies of Johnson & Johnson. Once the vaccine has proven to be safe and effective against COVID-19, the contract allows EU Member States to purchase vaccines for 200 million people. They will also have the possibility to purchase vaccines for an additional 200 million people ; (vi) October 13, EIB is providing EUR50 million to the Autonomous Community of Navarre, Spain to strengthen its capacity to respond to the COVID-19 health crisis. The EU bank financing will enable the Spanish region to adapt its healthcare infrastructure to meet the additional costs generated by the pandemic .
|European Union||05B||05B - Income support||EUR||5,119,000,000||5,662,610,619||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). EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1221 (accessed 9 July 2020); ESF. https://esf.ie/en/covid-19/react-eu/ (accessed 5 September 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1496 (accessed 5 September 2020); UK Government. https://www.gov.uk/government/news/emergency-support-instrument-update (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||11||11 - Other Economic Measures||EUR||WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accesed 20 April 2020); Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 20 April 2020); ESMA. https://www.esma.europa.eu/press-news/esma-news/esma-provides-option-apply-annual-transparency-calculations-non-equity (accessed 19 September 2020); ESMA. https://www.esma.europa.eu/press-news/esma-news/esma-renews-its-decision-requiring-net-short-position-holders-report-position-0 (accessed 19 September 2020); EBA. https://eba.europa.eu/eba-launches-eu-wide-transparency-exercise (accessed 1 October 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1872 (accessed 15 October 2020); FT. https://www.ft.com/content/4ec5d621-1135-48a7-b912-de915d2de515?accessToken=zwAAAXVPLh7Akc9OxdYhETVIp9O5Et6RXS3lFQ.MEUCIATZrWfA6MA5322wlGt8kobRZL9ONyIytpHOHp3nHuVEAiEAuVCaDLqA3_jeNtEAlUCbj2FrOk6VIWgpKdwdKpMsaEE&sharetype=gift?token=48efc3f6-ecb0-467a-a5b2-868aa9f496ff (accessed 22 October 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1954 (accessed 29 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; (vi) October 13, EC has decided to prolong and extend the scope of the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak. All sections of the Temporary Framework are prolonged for six months until 30 June 2021, and the section to enable recapitalisation support is prolonged for three months until 30 September 2021; (vii) October 19, EU hired banks to start selling new 10- and 20-year bonds under the the SURE programme and under the EU EUR750 billion recovery fund ; (viii) October 21, EC issued a EUR17 billion inaugural social bond under the EU SURE instrument to help protect jobs and keep people in work. The issuing consisted of two bonds, with EUR10 billion due for repayment in October 2030 and EUR7 billion due for repayment in 2040. So far, 17 Member States will receive financial support under the SURE instrument; financial support will be provided in the form of loans granted on favourable terms from the EU to Member States .
|Georgia||05||05 - Health and income support||GEL||3,636,500,000||1,195,929,036|
|Georgia||05A||05A - Health support||GEL||828,500,000||272,467,264||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 June 2020).||
(i) May 7, Additional funds of about GEL350 million will be directed to health spending including lab testing and quarantine expenditures as well as increased costs associated with hospitalization, medical treatment, and medical supplies. (ii) GEL478.5 million for healthcare infastructure and other virus spread prevention costs.
|Georgia||05B||05B - Income support||GEL||2,808,000,000||923,461,772||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 20 July 2020). Agenda.ge https://agenda.ge/en/news/2020/2716 (accessed 4 September 2020)||
No amount/estimate: (i) April 24, The ‘Anti-Crisis Economic Action Plan’ listed the government’s initiatives to support the population and businesses along with the measures already implemented or announced by the government, such as the payment for gas, electricity and utilities for the for users consuming up to 200 kW of electricity and/or up to 200 m3 natural gas monthly; (ii) The government introduced the State Program for Maintaining Prices of Primary Consumption Food Products. The program envisages subsidies for certain imported products to keep their local price stable (rice, pasta, buckwheat, sunflower oil, sugar, milk powder, beans, wheat, and wheat powder) for the period from 15 March to 15 May 2020; (iii) Bank loan service holidays for individuals; income and property tax holidays for hotels (until Nov 1, 2020); (iv) Within the frame of the new program “Co-financing Mechanism for Supporting Family-owned, Small and Medium-size Hotel Industries”, Enterprise Georgia (the agency of the Ministry of Economic and Sustainable Development of Georgia) will co-finance up to 80% of the annual interest rate on loans issued to family-owned, small and medium-sized hotels. As of September 4, this measure has been extended for another 6 months; (v) The custom clearance term for vehicles imported before 1 April 2020 was extended to 1 September 2020 for car importers; (vi) No amount/estimate: VAT refunds will become automatic and will accelerate; (vii) GEL2.589 billion in transfer payments to individuals, corporate subsidies, and tax relief; (viii) No amount/estimate: Starting from January 2021, the rule of indexation of pensions will be introduced. According to this rule, the pensions will increase by at least the rate of inflation, plus a premium depending on the pensioner's age; (ix) GEL160 million in one-time assistance to all children below 18; (x) GEL35 million to help students from vulnerable families to cover one semester of their university tuition; (xi) GEL24 million total benefits for the self-employed, who lost their job during the pandemic and applied for government assistance, but were refused, as they failed to provide required documents [update]; (xii) No amount/estimate: The government will cover utility costs from November to February for vulnerable sectors.
|Georgia||11||11 - Other Economic Measures||GEL|
|Kazakhstan||05||05 - Health and income support||KZT||7,700,000,000,000||18,677,986,659||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020). OECD. https://www.oecd.org/coronavirus/en/ (accessed 21 May 2020) KPMG. https://home.kpmg/xx/en/home/insights/2020/04/kazakhstan-government-and-institution-measures-in-response-to-covid.html (accessed 21 May 2020)||
(i) The President announced a significant anti-crisis package now totaling KZT 5.9 trillion. The anti-crisis package includes cash payments to the unemployed (USD95 per month per person), a 10% increase in pension and social benefits, and additional spending to strengthen the health sector (As of May 20: (a) KZT14.8 billion for the construction of three quarantine modular complexes in Nur-Sultan, Shymkent and Almaty; (b) KZT40.6 billion for incentive measures for healthcare workers participating in quarantine activities; (iii) KZT19.5 billion for health organizations treating coronavirus patients; (c) KZT8 billion in salaries will be paid to doctors, police officers and other specialists) and support employment and business; (ii) An additional KZT1.8 trillion will be allocated to support employment under an “Employment Roadmap” program; and (iii) No amount/estimate: SMEs and individual entrepreneurs are also eligible for new tax incentives; (iv) No amount/estimate: May 14, VAT rate has been reduced from 12% to 8% until 1 October 2020 with the exception of food and drugstores, transportation services, consulting services and information technology.
|Kazakhstan||05A||05A - Health support||KZT|
|Kazakhstan||05B||05B - Income support||KZT||OECD. https://www.oecd.org/coronavirus/en/ (accessed 30 July 2020).||
(i) No amount/estimate: May 20, residents in Almaty can defer utility payments for March and April until the end of 2020 with no fines or penalty. Reimbursement of utilities expenses for April and May in amount of KZT15,000 will also be provided for socially vulnerable groups; (ii) No amount/estimate: July, The government announced a new round of income support payments of KZT42,500 to certain categories of the population.
|Kazakhstan||11||11 - Other Economic Measures||KZT||OECD. https://www.oecd.org/coronavirus/en/ (accessed 21 May 2020). Astana Times. https://astanatimes.com/2020/07/kazakhstan-to-issue-short-term-government-securities-in-region-of-2-43-billion-to-support-economy/ (accessed 17 July 2020)||
(i) Quotas on exports of key food products (wheat and flour) as well as all other restrictions on food product exports will be lifted on 1 June; (ii) As part of the recovery package, Kazakhstan will abandon its 10% flat tax rate and switch to a progressive personal income tax; (iii) July 16, The Kazakh National Bank and the Kazakh Ministry of Finance are planning to issue short-term government securities up to KZT1 trillion on a regular basis until the end of 2020 to maintain economic activity.
|Kyrgyz Republic||05||05 - Health and income support||KGS||5,400,000,000||72,380,579||Ministry of Finance. http://www.minfin.gov.kg/ru/novosti/novosti/covid-19-menen-krshg-respublikalyk-byudzhetten-38-(accessed 12 July 2020). Ministry of Finance. http://www.minfin.gov.kg/ru/novosti/novosti/covid-19-virusunun-taralyshyn-aldyn-aluuga-respubl (accessed 12 July 2020). Kabar. http://en.kabar.kg/news/kyrgyz-government-allocates-kgs-640-mln-for-possible-second-wave-of-coronavirus/ (accessed 16 September 2020).||
July 3, KGS3.8 billion is allocated from the republican budget for the expenses related to COVID-19. KGS1.8 billion has been spent since February 2020 for the: (a) payment to health workers, (b) purchase of disinfectants, test kits, and personal protective equipment, (c) purchase of food wheat grain, (d) provision of financial assistance for the travel of students outside the republic, etc. As of September 15, KGS5.4 billion was allocated from the republican budget, of which KGS5.2 billion was used. Utilization of KGS5.2 billion as of September 15: (a) KGS2.1 billion for the purchase of medical equipment, PCR, reagents, medical products, PPE, (b) KGS785 million for the compensation of medical workers,(c) KGS452 million for the compensation of employees of law enforcement agencies, (d) KGS454 million for medical makeshift hospitals and meals, (e) KGS200 million for the provision of food for low-income families, (e) KGS221 million for the vaccines against flu and pneumococcus, (f) KGS1.1 billion for the provision of grain and medicines.
|Kyrgyz Republic||05A||05A - Health support||KGS|
|Kyrgyz Republic||05B||05B - Income support||KGS||Government of the Kyrgyz Republic. https://www.gov.kg/ky/post/s/okmt-koronaviruska-karshy-krsht-paydalanylchu-bir-katar-importtoluuchu-tovarlardy-kns-boshottu (accessed 17 September 2020).||
No amount/estimate: September 15, The Government of the Kyrgyz Republic has exempted from VAT a number of imported goods used in the fight against coronavirus. The decision is valid from August 1 to December 31, 2020.
|Kyrgyz Republic||11||11 - Other Economic Measures||KGS||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 13 April 2020). Ministry of Finance. http://www.minfin.gov.kg/ru/novosti/novosti/informatsiya-ob-obsluzhivanii-gosudarstvennogo-dol6829 (accessed 6 September 2020).||
(i) No amount/estimate: February, The NBKR raised the policy interest rate by 75 basis points to 5% amid global uncertainty and the increase in inflation; (ii) Banks and NBFIs should create a loan loss reserve equal to 100% for the amount of overdue accrued interest payments on loans that have been given the status of non-accrual of interest income when overdue arrears are 270 days or more (from the now 90 days); (iii) As of September 5, the republican budget received KGS6,300.20 million from the issuance of government securities: (a) KGS991.34 million ST-bills, and (b) KGS5,308.86 million ST-bonds.
|Pakistan||05||05 - Health and income support||PKR||1,200,000,000,000||7,231,847,611||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 8 & 15 May, 24 June 2020); Government of Pakistan, Finance Division. http://www.finance.gov.pk/press_releases.html (accessed 12 June 2020).||
(i) March 24, A relief package worth PKR1.2 trillion has been announced by the federal government: (a) PKR200 billion relief to daily wage workers, including PKR75 billion of approved cash disbursements to 6.2 million workers; (b) PKR150 billion, cash transfers to 12 million low-income families; (c) PKR100 billion, accelerated tax refunds to the export industry; (d) PKR100 billion, financial support to SMEs, in the form of relief on electricity bill payments, bank lending support, and subsidies and tax incentives; (e) PKR280 billion, resources for an accelerated procurement of wheat; (f) PKR50 billion, financial support to utility stores; (g) PKR70 billion, relief in fuel prices; (h) PKR110 billion, electricity bill payments relief; (i) PKR100 billion, emergency contingency fund; (j) PKR25 billion, Transfer to the National Disaster Management Authority (NDMA) for the purchase of necessary equipment to deal with the pandemic; (k) PKR15 billion total support for health and food supplies; (ii) June 10, The Economic Coordination Committee approved an amount of PKR480.566 million (part of the fiscal stimulus package) to cover the risk allowance of health care workers performing duties related to COVID-19; (iii) June, PKR50 billion agriculture package for farmers and crop growers (part of the PKR1.2 trillion package), likely consisting of reduction of electricity tariff for tube-wells, reduction of import duty on fertilizers, reduction of mark-up and waiver of agricultural loans, and deregulation of the import and export of agricultural products and livestock; (iv) The FY 2021 budget includes further tariff and custom duty reductions on food items, a PKR70 billion allocation for ‘COVID-19 Responsive and Other Natural Calamities Control Program’, as well as the provision of tax incentives to the construction sector to address the acute employment needs generated by the lockdowns.
|Pakistan||05A||05A - Health support||PKR|
|Pakistan||05B||05B - Income support||PKR|
|Pakistan||11||11 - Other Economic Measures||PKR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 8 May and 24 June 2020); State Bank of Pakistan. https://bit.ly/2NgQfN6 (accessed 18 June 2020).||
(i) Provincial governments have also announced fiscal measures, broadly consisting of cash grants to the low-income households, tax relief and additional health spending that includes increased compensation to healthcare workers. The government of Punjab, announced a tax relief package of PKR18 billion and a cash grants program of PKR10 billion, while the government of Sindh has announced a cash grant and ration distribution program of PKR1.5 billion for the low-income households; (ii) Elimination of the duties on imports of emergency health equipment; (iii) June 10, The State Bank of Pakistan has announced an elaborate arrangement of teams of focal persons who will be responsible to address isues faced by businesses in availing the financing under the SBP ROZGAR scheme (refinance schemes for payment of wages and salaries to prevent layoffs); (iv) June, Allowing banks to approve an Electronic Import Form (EIF) for the import of equipment donated by international donor agencies and foreign governments.
|Tajikistan||05||05 - Health and income support||TJS||40,800,000||4,124,302|
|Tajikistan||05A||05A - Health support||TJS||17,400,000||1,758,893||CAREC Institute; President of the Republic of Tajikistan. http://www.president.tj/en/node/23633 (accessed 21 August 2020).||
(i) No amount/estimate: May 22, The Ministry of Health Care and Social Protection was instructed to adjust operation of hospitals, outpatient facilities, healthcare centers, medical facilities, and to supply them with medicines, and modern equipment. The virology laboratory will be launched in Sughd region of Tajikistan in the next few days, where COVID-19 tests will be made; August: (ii) To fight against the coronavirus pandemic, a special account of the Ministry of Health and Social Protection of the Population had been opened, and to-date, more than TJS4 million has been spent from that account for the purchase of medical equipment and medications; (iii) Further, TJS13.4 million worth of medicines and medical equipment has been purchased at the expense of the Health Ministry's budget.
|Tajikistan||05B||05B - Income support||TJS||23,400,000||2,365,408||President of the Republic of Tajikistan. http://president.tj/en/node/22895 (accessed 19 June 2020); CAREC Institute; IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020); President of the Republic of Tajikistan. http://www.president.tj/en/node/23422; http://www.president.tj/en/node/23633 (accessed 21 August 2020).||
(i) May 2, President Emomali Rahmon has allocated TJS12.4 million from the Presidential Reserve to supplement the salaries of health and social protection workers for 3 months, who are directly involved in the diagnosis and treatment of COVID-19 infection in medical and quarantined medical institutions and TJS11 million has been allocated to provide hospitals with food products; (ii) No amount/estimate: May 19, The President sent an assistance package to the Sughd Privince. The package consists of 900 tons of food to provide socioeconomic support for doctors and those infected with COVID-19; No amount/estimate, June: (iii) The Government is providing VAT exemptions on essential imports and lumpsum assistance equivalent to the minimum wage to vulnerable households and other socially disadvantaged groups. Health workers are also expected to receive supplemental pay; (iv) Tariff increases on electricity, water, and communal services have been postponed until end of 2020; (v) Government is providing free medical care to citizens placed under medical care and COVID-19 patients, as well as sick leave and compensation benefits; (vi) Government is providing grain, seed and fuel to farms to boost food security, and time-bound tax holidays and relief to targeted industries and small businesses until September 1, 2020; (vii) Anti-COVID measures also include financial support to SMEs and subsidizing food for the population; (vii) No amount/estimate: July 17, The President signed a government decree providing one-time payment to vulnerable groups in the amount of a month's minimum salary.
|Tajikistan||11||11 - Other Economic Measures||TJS||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 16 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020).||
(i) April, The NBT hiked the policy rate by 50 basis points to 12.75% to contain inflationary pressures; (ii) June, Credit institutions are exempt from paying fees for the settlement system and have been asked to avoid non-essential expenditures.
|Turkmenistan||05||05 - Health and income support||TMT|
|Turkmenistan||05A||05A - Health support||TMT||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 November 2020).||
(i) No amount/estimate: The Government announced that a bonus salary of 20%, 15%, and 10% will be given to healthcare professionals working in the remote rural facilities, frontline facilities, and other rural facilities, respectively. [update]