|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Arab Republic of Egypt||05||05 - Health and income support||EGP||102,180,000,000||6,502,079,371||OECD. https://www.oecd.org/coronavirus/en/ (accessed 7 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (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. https://www.oecd.org/coronavirus/en/ (accessed 7 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (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||World Bank. https://datacatalog.worldbank.org/dataset/covid-19-finance-sector-related-policy-responses (accessed 7 May 2020); OECD. https://www.oecd.org/coronavirus/en/ (accessed 7 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 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.
|Argentina||05||05 - Health and income support||ARS||135,021,000,000||2,151,729,084|
|Argentina||05A||05A - Health support||ARS||6,000,000,000||95,617,530||Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 5 May 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.
|Argentina||05B||05B - Income support||ARS||129,021,000,000||2,056,111,554||Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 May 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. [update]
|Brazil||05||05 - Health and income support||BRL||175,285,040,000||35,895,393,872|
|Brazil||05A||05A - Health support||BRL||28,788,040,000||5,895,300,788||OECD . Https://oecd.org/coronavirus/en/#country-tracker (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||146,497,000,000||30,000,093,083||Institute of International Finance (IIF) https://www.iif.com/Portals/0/Files/Databases/COVID-19_responses.pdf?ver=2020-04-24-173749-083 (Accessed 29 April 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.
|Brunei Darussalam||05||05 - Health and income support||BND||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).||
(i) All bank fees and charges (except third party charges) that are related to trade and payments of transactions in affected sectors mentioned in Measure 3 will be waived for a period of six months; and (ii) No amount/estimate: Effective April 1 for six months, an interim fiscal package has been deployed to support SMEs and self-employed groups in sectors such as tourism, hospitality, transport and restaurants. The fiscal measures include amongst others, the deferment of payments on Employees Trust Fund (TAP) and Supplementary Contributory Pension (SCP) contributions, discounts on corporate income taxes, rents and utilities.
|Brunei Darussalam||05A||05A - Health support||BND|
|Brunei Darussalam||05B||05B - Income support||BND|
|Cambodia||05||05 - Health and income support||KHR||648,923,636,363||160,000,000|
|Cambodia||05A||05A - Health support||KHR||243,346,363,636||60,000,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 11 June 2020).||
April, Additional fiscal resources to the health sector of around USD60 million (around 0.2% of GDP) are expected.
|Cambodia||05B||05B - Income support||KHR||405,577,272,727||100,000,000||RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020).||
(i) No amount/estimate: April, Support to tourism sector including (a) exemption from all monthly taxes for two months (June to July 2020) for hotels, guesthouses, restaurants and travel agencies registered with the General Department of Taxation, and whose business activities are operated in Phnom Penh, Siem Reap, Preah Sihanouk, Kep, Kampot, Bavet city, and Poipet city; (b) non-payment of the National Social Security Fund (NSSF) during the business suspension; (c) exemption from the renewal fees for tourism licenses of all types for 2021 (See Measure 10: No breakdown); (ii) No amount/estimate: April, Exemption of all airlines registered in Cambodia from minimum tax for two more months from June to July 2020 (See Measure 10: No breakdown); (iii) No amount/estimate: May 26, Loosen the application of withholding tax for local and overseas lenders by about 5% to 10% [update]; (iv) May 26, Extend the coverage and amount of the budget for the “cash for work program” in 2020 to USD100 million to absorb the labor force who have lost employment from the factories/enterprises and returned home from the foreign countries, to support the local people’s living standards, and to bring about socioeconomic achievements through the construction of small local physical infrastructures to enhance the agricultural and economic sectors [update]; (v) No amount/estimate: June, The Royal Government will introduce in June 2020 a social protection program during the COVID-19 crisis to support the daily livelihoods of poor and vulnerable families across the country holding Equity Cards, with attention to children below 5 years old, people with disabilities, old people aged 60 and over, and the people living with HIV in those poor families [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 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].
|Indonesia||05||05 - Health and income support||IDR||560,400,000,000,000||36,881,587,271||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 27 May 2020). MOF (as of June 4).||
In addition to the first two fiscal packages amounting to IDR33.2 trillion (0.2% of GDP), the government announced a major stimulus package of IDR405 trillion (2.6% of GDP) on March 31, 2020, including IDR255 trillion (1.6% of GDP) in additional spending and tax reliefs, which was further expanded to IDR641 trillion (3.9% of GDP) on May 19. As of June 4, the government's fiscal package amounted to IDR677.2 trillion according to the Ministry of Finance. [update] The stimulus packages comprise (i) support to the health care sector to boost testing and treatment capability for COVID-19 cases, (ii) increased benefits and broader coverage of existing social assistance schemes to low-income households such as food aid, conditional cash transfers, and electricity subsidy, (iii) expanded unemployment benefits, including for workers in the informal sector, (iv) tax reliefs, including for the tourism sector and individuals (with an income ceiling), and (v) permanent reductions of the corporate income tax rate from 25% to 22% in 2020−21 and 20% starting in 2022.
|Indonesia||05A||05A - Health support||IDR||OECD. http://www.oecd.org/coronavirus/en/ (accessed 5 May 2020). WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020).||
(i) March 13, The second fiscal package includes incentives for medical staff dealing with COVID-19 (IDR 15 million to medical specialists, IDR 10 million to physicians and dentists, IDR 7.5 million to nurses and IDR 5 million to other medical staff members; IDR 300 million in case of death of a medical worker) for a budget of IDR 6.1 trillion; (ii) March 31, Under the third fiscal package, authorities announced an additional IDR75 trillion for healthcare; (iii) May 13, See (ii) under Measure 5B.
|Indonesia||05B||05B - Income support||IDR||OECD. http://www.oecd.org/coronavirus/en/ (accessed 5 May 2020). WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/bumn-juga-masuk-program-pemulihan-ekonomi-nasional/ (accessed 22 May 2020).||
No amount/estimate: (i) The government announced plans to reduce the number of restricted import goods by up to 50 percent on steel producers, and their derivatives, strategic food products (manufacturing industry inputs); horticultural commodities; animals & animal products; medicine, medicinal ingredients food. (ii) May 13, Postponing the payment of excise duties on imports of certain goods and temporary elimination of import tariffs, VAT and income taxes on certain medical and pharmaceutical products used in the treatment of COVID-19. (iii) May 19, The Ministry of Finance will provide subsidies, compensation, State Capital Inclusion, and bailout fund to maintain the sustainability of state-owned enterprises (SOEs) under the expanded fiscal package announced in May 19 in Measure 5. Total government support to SOEs is IDR104.38 trillion for Above The Line funds and IDR44.92 trillion for Below The Line funds.
|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. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (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. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (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.
|Lao PDR||05||05 - Health and income support||LAK||70,000,000,000||7,869,126|
|Lao PDR||05A||05A - Health support||LAK||30,000,000,000||3,372,483||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020, 1 May 2020).||
April, LAK10 billion has been allocated for prevention and control. May, The amount allocated increased to LAK30 billion.
|Lao PDR||05B||05B - Income support||LAK||40,000,000,000||4,496,644||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).||
No amount/estimate: April, Recent mitigation policies include (i) income tax exemption for both civil servants and employees of the private sector with income less than LAK5 million per month for 3 months, (ii) profit tax exemption for microenterprises with annual income between LAK50–LAK400 million for 3 months, (iii) duty fee exemption for imports of goods to be used toward the outbreak, (iv) deferring tax collection from tourism-related businesses for 3 months, (v) postponing mandatory contribution to social security by affected businesses for 3 months, and (vi) extending the submission of the 2019 financial report (annual tax filing) by 1 month and road tax payment by 3 months; and (vii) May, The government has agreed with an allowance of LAK500,000 per worker who currently participates in the Social Security Scheme. Of the 170,000 members, close to 80,000 will benefit from this scheme through June (Note that the estimated amount is LAK40 billion).
|Malaysia||05||05 - Health and income support||MYR||94,003,100,000||21,882,559,709|
|Malaysia||05A||05A - Health support||MYR||2,150,000,000||500,488,850||Prime Minister's Office of Malaysia. https://www.pmo.gov.my/wp-content/uploads/2020/04/Booklet-PRIHATIN-EN.pdf (accessed 19 April 2020); World Trade Organization (WTO). https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 19 April 2020); Ministry of Finance. https://penjana.treasury.gov.my/pdf/PENJANA-Booklet-En-v3.pdf (accessed 26 June 2020).||
(i) No amount/estimate: March 23, Temporary elimination of import tariffs on face masks; (ii) March 27, in PRIHATIN: (a) To curb the spread of COVID-19 outbreak, the Government announced an allocation of MYR500 million to the Ministry of Health (MOH). This allocation is to purchase medical apparatus such as ventilators and ICU equipment, personal protective equipment (PPE) for public medical personnel as well as laboratory requirements for testing COVID-19; and (b) The Government is also allocating an additional MYR1 billion to purchase equipment and services, which include obtaining medical expertise from private healthcare service providers to contain the outbreak; (iii) No amount/estimate: March 30, Temporary elimination of import tariffs on raw materials, undenatured ethyl alcohol and denatured ethyl alcohol used for the production of hand sanitizers. Imports also exempted from sales taxes and excise duties; (iv) June 5 in Short-term National Economic Recovery Plan or PENJANA: (a) The government will double the existing allocation for the PEKA B40 Programme to a total of MYR100 million (amount is MYR50 million only) in order to fund health screening, medical device assistance, cancer treatment incentives, and subsidy for transportation for health for the B40 group; and (b) Tax relief for COVID-19 related expenses, amounting to MYR600 million, to encourage businesses to adapt to new norms and adhere to SOPs: extend the period and expand the scope of expenses allowed as tax deduction or capital allowance for COVID-19’s prevention, including COVID-19 testing and purchase of PPE and thermal scanners.
|Malaysia||05B||05B - Income support||MYR||91,853,100,000||21,382,070,860||Prime Minister's Office of Malaysia. https://www.pmo.gov.my/2020/03/speech-text-prihatin-esp/ (accessed 19 April 2020); Prime Minister's Office of Malaysia. https://www.pmo.gov.my/2020/04/langkah-tambahan-bagi-pakej-rangsangan-ekonomi-prihatin-rakyat-prihatin/ (accessed 19 April 2020); Prime Minister's Office of Malaysia. https://www.pmo.gov.my/wp-content/uploads/2020/04/Booklet-PRIHATIN-EN.pdf (accessed 19 April 2020); ASEAN Briefing. https://www.aseanbriefing.com/news/malaysia-provides-funding-smes/ (accessed 19 April 2020); Zico Law. https://www.zicolaw.com/resources/alerts/covid-19-update-extension-of-mco-and-economic-stimulus-packages/ (accessed 19 April 2020); Ministry of Finance. https://penjana.treasury.gov.my/pdf/PENJANA-Booklet-En-v3.pdf (accessed 26 June 2020).||
(i) March 27 in PRIHATIN: (a) The Government will provide a one-off cash assistance, Bantuan Prihatin Nasional (BPN) with an allocation of MYR10 billion. Among the beneficiaries include employees in the private sector, FELDA settlers, farmers, fishermen and small traders; (b) The remaining cash transfers under the Bantuan Sara Hidup (BSH) program totaling MYR3.2 billion will be paid out in July 2020; (c) The support totaling MYR270 million is targeted for students at various levels of tertiary education; (d) The Government will work together with non-governmental organizations (NGOs) and relevant social entrepreneurs to provide food assistance, healthcare and shelters to the vulnerable groups such as senior citizens and children in shelters, the disabled, homeless and orang asal with a total allocation of MYR25 million; (e) The Government rental exemption for the Projek Perumahan Rakyat (PPR) with a cost of MYR3 million borne by the Government; (f) For the rent-to-own (RTO) units, a six-month moratorium is provided effective April until September 2020, involving 4,649 RTO units at MYR5.7 million; (g) No amount/estimate: As for Public Housing, the Kuala Lumpur City Hall will provide similar exemption which will benefit more than 40,000 tenants; (h) No amount/estimate: The Government has also approved a 6-month lease exemption on all premises owned by the Federal Government; (i) The Government with Tenaga Nasional Berhad (TNB) will increase the allocation of discount on electricity bill to MYR530 million, with the introduction of a tiered-discount system for households; (j) The Government will provide a one-off cash assistance of MYR500 to more than 1.5 million civil servants of grade 56 and below, including contract workers [The estimated amount is MYR750 million]; (k) More than 850,000 Government pensioners will be given a one-off assistance of MYR500 in April 2020 [The estimated amount is MYR425 million]; (l) The Government will allocate MYR1 billion for Food Security Fund; (m) The Government provides MYR100 million for the development of infrastructure for food storage and distribution as well as crop integration program and also allocates MYR64.4 million to viable Pertubuhan Peladang Kawasan and Pertubuhan Nelayan Kawasan. This is to develop agro-food projects that are capable of generating income within three to six months; (n) The Government will introduce Wage Subsidy Program to assist employers in retaining their workers with an allocation of MYR5.9 billion; (o) The Government will provide a one-off cash assistance of MYR500 to 120,000 e-hailing drivers with a total allocation of MYR60 million; (p) The Government has agreed to pay salaries to the workers of service contractors despite their absence during the MCO amounting to MYR110 million; (q) The Employees Provident Fund (EPF) includes options for deferring payments, restructuring and rescheduling of employers' contributions. The measure is expected to provide cashflow to employers which is estimated at MYR10 billion; (r) Exempt payment for Human Resources Development Fund (HRDF) levy across all sectors for six months beginning April 2020. This measure is expected to assist companies’ cashflow with a total savings of MYR440 million; (s) No amount/estimate: The Government, allows the postponement of income tax instalment payments to all SMEs for three months beginning April 1; (t) The Government has identified several small projects such as improving roads, upgrading dilapidated schools in Sabah and Sarawak, cleaning houses of worship and police stations as well as upgrading tourism facilities with an allocation of MYR2 billion; (u) The Government will provide a direct fiscal injection of MYR25 billion to ease the burden of rakyat and businesses; (v) The Government in collaboration with telecommunication companies will provide free internet services to all customers during MCO period starting April, amounting to MYR600 million; (ii) April 6 in PRIHATIN PLUS, The Malaysian government issued extra funding worth MYR10 billion intended to help SMEs manage their cashflow and to retain employees: (a) The wage subsidy program announced on March 27 will be expanded from MYR5.9 billion to MYR13.8 billion, an increase of MYR7.9 billion; and (b) Special PRIHATIN Grant (GKP) amounting to MYR2.1 billion will be established for eligible micro enterprises. A grant of MYR3,000 will be provided to each company, benefitting almost 700,000 micro enterprises; (iii) June 5, in Short-term National Economic Recovery Plan or PENJANA: (a) The wage subsidy program, amounting to MYR5.3 billion, will be extended for a further 3 months with a subsidy of MYR600 per employee for all eligible employers; (b) No amount/estimate: The National Employment Services under PERKESO will be upgraded by enhancing the job portal and employment placement services and collaborating with the private job sites for employment matching; (c) The Government will introduce incentives, amounting to MYR1.5 billion, to encourage the hiring of the unemployed; (d) A MYR2 billion fund will be dedicated to reskilling and upskilling programs for Youth and Unemployed Workers; (e) The Government will facilitate policies to support the growth of the gig economy and the welfare of gig economy workers. This amounts to MYR75 million; (f) The Government allotted MYR800 million to support employers and employees as work-from-home arrangement is encouraged; (g) To ease the transition to the new normal of working-from-home, the Government will support working parents through the subsidy of child care expenses. There will also be incentives to encourage child care centers to comply with the new normal and to incentivize certification of early education practitioners. These measures amount to MYR200 million; (h) Under Public Transport Subsidy amounting to MYR200 million, the Government will introduce an unlimited monthly travel pass costing MYR30 for use on all rail services (MRT, LRT, Monorail), BRT, RapidKL buses and MRT feeder buses; (i) Social assistance support, amounting to MYR108 million, will be provided to identified vulnerable groups: (1) Persons with disabilities (OKU): 185,713 recipients costing MYR55.7 million, (2) Home Help Services: 1,815 recipients costing MYR544,500, and (3) Registered single mothers: 1,350 recipients costing MYR405,000; (j) To enable the transition to the new normal of remote learning and work, MYR3 billion support will be provided to increase internet connectivity for education, productivity (video conference applications) and news; (k) Eligible microenterprises and SMEs will be onboarded to shift towards business digitalization through a co-funded program with MDEC and e-commerce platforms. This Micros and SMEs e-commerce campaign amounts to MYR70 million; (l) The Government will collaborate with e-commerce platforms to co-fund digital discount vouchers, amounting to MYR70 million. This is done to encourage spending on products from local retailers; (m) The Government will continue to provide grants to eligible enterprises for adoption or subscription of digitalization services under the SME Digitalization Matching Grant totaling MYR100 million, in partnership with telecommunication companies and the Smart Automation Grant totaling MYR100 million, capped at up to MYR1 million per company; (n) An online one-stop business advisory platform for the microenterprises and SMEs, amounting to MYR5 million, will be set up to enhance the outreach of the existing physical SME Hub; (o) MYR2.4 billion is allocated to ease financial stress on businesses through remissions of penalties related to late tax payments; (p) To encourage and sustain the role of social enterprise in promoting responsible business, the Government will provide a matching grant through Malaysian Global Innovation & Creativity Centre (MaGIC) totaling MYR10 million to social enterprises who are able to crowdsource contributions and donations to undertake social projects that will address the challenges faced by targeted communities through innovative ways; (q) To catalyze establishment of new businesses, financial relief, amounting to MYR300 million, will be provided in the form of income tax rebate for newly established SME and stamp duty exemption for SMEs on any instruments executed for Mergers and Acquisition; (r) National Technology and Innovation Sandbox, amounting to MYR100 million, will be developed to pilot new technology solutions and provide relaxation of regulations to text new technology solutions (e.g. drone delivery, autonomous vehicles); (s) Accelerate the digitalization of government services, amounting to MYR20 million, to reduce face-to-face transactions; (t) National “Buy Malaysia” Campaign, amounting to MYR20 million, to encourage the consumption of Malaysia-made products and services; (u) ePENJANA credits in e-wallet, amounting to MYR750 million, to encourage contact-free payment and to boost consumer spending; (v) Incentives for Property Sector, amounting to MYR1 billion, to stimulate the property market and provide financial relief to home buyers; (w) Tax incentives for purchase of passenger cars, amounting to MYR897 million; (x) An allocation of MYR20 million to encourage transition away from the traditional working hours concept of 9 AM to 5 PM towards extended working hours on shifts-basis; (y) An allocation of MYR50 million to attract foreign companies to relocate their business into Malaysia by addressing the risk of re-shoring; (z) Tax incentives for the tourism sector amounting to MYR1.8 billion; (aa) Dedicated funding and support for the arts, culture, entertainment, events and exhibitions sector amounting to MYR225 million; (ab) Part of the Agriculture and Food Sector Support amounting to MYR50 million is allocated to agro-food workforce mobility via incentives for pioneer companies to train and educate workforce to explore opportunities in agriculture and plantations and in-kind benefits for Urban Farming (e.g. Fertilizers, Seeds, Infrastructure, Equipment, Advisory and Training) worth MYR500 per person and MYR50,000 per community; (ac) Support the commodity sector through 100% export duty exemption from 1 July 2020 to 31 December 2020. This amounts to MYR200 million [update].
|Mexico||05||05 - Health and income support||MXN||205,035,000,000||9,332,923,665|
|Mexico||05A||05A - Health support||MXN||180,000,000,000||8,193,363,376||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed on 30 April 2020).||
(i) Ensure that the Ministry of Health has sufficient resources and does not face red-tape, and sufficient supply of medical equipment and materials;(ii) Advance pension payments to the elderly; (iii) Accelerate the tender processes for public spending to ensure full budget execution; (iv) Consider setting-up a Health Emergency Fund to request additional resources from Congress, that could reach up to MXN180 billion.
|Mexico||05B||05B - Income support||MXN||25,035,000,000||1,139,560,289||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed on 30 April 2020); AMLO. https://lopezobrador.org.mx/2020/04/05/presidente-anuncia-acciones-para-la-reactivacion-economica-ante-covid-19-en-primer-informe-del-ano-al-pueblo-de-mexico-2/ (accessed 30 April 2020).||
(i) Frontloading of social pension and disability payments by four months; (ii) Accelerating procurement processes and VAT refunds; (iv) MXN35 million - Some workers accessing loans against their social security accounts; (v) Public housing credit institute covering three months of workers’ debt (defer further six months for those let go); (vi) MXN25 billion - Introduction of drinking water, drainage, pavement, and the construction and improvement of 50,000 homes in marginalized areas of 50 municipalities in the country.
|Myanmar||05||05 - Health and income support||MMK||38,300,000,000||27,318,117|
|Myanmar||05A||05A - Health support||MMK||300,000,000||213,980||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 June 2020); KPMG. https://home.kpmg/xx/en/home/insights/2020/04/myanmar-government-and-institution-measures-in-response-to-covid.html (accessed on 28 May 2020).||
(i) April, The allotment of MMK300 million (USD0.2 million) to the Ministry of Health and Sports for additional health-related expenditures; (ii) No amount/estimate: April, Waiver of the “specific goods tax,” customs duties, and commercial tax on “critical” medical supplies and products related to the prevention, control, and treatment of COVID-19.
|Myanmar||05B||05B - Income support||MMK||38,000,000,000||27,104,137||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 June 2020).||
No amount/estimate: (i) April, Income and commercial tax payments due in the second and third quarters of the fiscal year have been made extendable to the end of the fiscal year, and an exemption for the 2% advance income tax on exports to the end of the fiscal year has been announced; (ii) Households without a regular income will be provided for with food during the upcoming long holidays; and electric bills, for up to 150 units, are exempt for most until the end of April; (iii) The Ministry of Hotels and Tourism announced that fee for renewal license of hotels and tourism businesses will be exempted for one year up to the end of March 2021; (iv) Starting April 20, the customs department has reduced duties for businesses operating with the Myanmar Automated Cargo Clearance System; (v) April, The Ministry of Labour, Immigration and Population will provide 40% of the social security fees for about 1.3 million insured workers from factories and workshops that are temporarily suspended for health inspections ; (vi) April, The National Food Reserve has been allocated MMK38 billion.
|Nigeria||05||05 - Health and income support||NGN||517,484,000,000||1,586,765,811||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19?fbclid=IwAR3QQSk6OmfE7YbISvq0_ut_FpTD_Bc00gRB-YJ_YA_VB-VlWiYD9PBO0Ro#P (accessed 14 May 2020).||
(i) NGN500 billion of approved fiscal stimulus to support healthcare facilities, provide relief for taxpayers, and incentivize employers to retain and recruit staff during the downturn; (ii) NGN984 million released to Nigeria’s Center for Disease Control (NCDC); (iii) Additional NGN6.5 billion for purchasing more testing kits, opening isolation centers and training medical personnel; (iv) NGN10 billion grant to Lagos State to increase its capacity to contain the outbreak; (iv) No amount/estimate: Import duty waivers for pharmaceutical firms; (v) No amount/estimate: Regulated fuel prices have been reduced; (ii) No amount/estimate: April 1, Suspension of the payment of the new electricity tariffs scheduled to commence on April 2; (vi) April 3, No amount/estimate: Nigerian banks prohibited from retrenching or laying off any staff of any cadre (both full-time and part-time); (vii) No amount/estimate: May 14, The President also ordered an increase of the social register by 1 million households to 3.6 million to help cushion the effect of the lockdown.
|Nigeria||05A||05A - Health support||NGN|
|Nigeria||05B||05B - Income support||NGN|