Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Bangladesh 05 05 - Health and income support BDT 427,695,000,000 5,034,667,451
Bangladesh 05A 05A - Health support BDT 65,100,000,000 766,333,137 Ministry of Finance. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (accessed 29 June 6). Beximco Pharma. https://beximcopharma.com/beximco-news/latest-news/item/659-beximco-pharma-signs-mou-with-the-serum-institute-of-india-and-the-government-of-bangladesh-for-supply-of-a-covid-19-vaccine.html (accessed 06 Nov 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 January 2021).

(i) BDT1 billion Special Honorarium for doctors, nurses, medical workers; (ii) BDT7.5 billion compensation in case infection/death; (iii) No amount/estimate: November 5, signs MOU with Beximco Pharma for the supply and distribution of 30 million doses of AstraZeneca vaccine; (iv) January 2021, BDT56.6 billion the government increased the COVID-19 Emergency Response and Pandemic Preparedness Project costs mostly reflecting the procurement, preservation and distribution of vaccines.

Bangladesh 05B 05B - Income support BDT 362,595,000,000 4,268,334,314
Bangladesh 05B1 05B1 - Tax and contribution deferrals and policy changes BDT
Bangladesh 05B2 05B2 - Tax and contribution rates reduction BDT
Bangladesh 05B3 05B3 - Subsidies to individuals and households BDT 78,170,000,000 920,188,346 Ministry of Finance. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (accessed 29 June 2020). Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/fepd/may122020fepdl20.pdf (accessed 29 June 2020).

(i) BDT12.58 billion Cash Transfer to targeted poor people; (ii)BDT8.15 billion expansion of cash allowance programs; (iii) BDT25.03 billion free food distribution; (iv) BDT2.51 billion OMS of rice at 10 taka/kg; (v) BDT21.3 billion construction of home for homeless people; (vii) BDT8.6 billion additional procurement of paddy/rice (2.0 lac ton); (vi) No amount/estimate: Expatriate Bangladeshis can get 2% incentives without showing any paper on remittance upto $5,000 (earlier $1,500) and for more than $5,000.

Bangladesh 05B4 05B4 - Subsidies to businesses BDT 189,425,000,000 2,229,841,083 Ministry of Finance. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (accessed 29 June 2020). Bangladesh Bank. https://www.bb.org.bd/mediaroom/circulars/fepd/may122020fepdl20.pdf (accessed 29 June 2020).

(i) BTD20 billion, the Ministry of Finance will subsidize interest payments as mentioned in Measure 2 on working capital loans by scheduled banks to businesses; (ii) BDT2.0 billion Support for farm mechanization; (iii) BDT20 billion employment creation through four State owned entities; (iv) Export Development Fund has been increased by USD1.5 billion; (v) BDT20 billion subsidy for commercial bank's suspended interest of April-May, 2020;

Bangladesh 05B5 05B5 - Indirect income support BDT
Bangladesh 05B6 05B6 - No breakdown (income support) BDT 95,000,000,000 1,118,304,885 Ministry of Finance. https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/ed9e8b19_ccba_4cca_94b1_c40013f7a760/MTMPS_2020-21_English.pdf (accessed 29 June 2020).

(vi) BDT95 billion subsidy for agriculture.

Bangladesh 05C 05C - No breakdown (health and income support) BDT
Bhutan 05 05 - Health and income support BTN/INR 32,000,000,000 430,592,553
Bhutan 05A 05A - Health support BTN/INR 2,000,000,000 26,912,035 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Ministry of Health. https://www.gov.bt/covid19/?p=1658 (accessed 22 July 2020).

(i) April 2020, An additional resource of BTN2 billion will be provided to the Ministry of Health to meet health-related spending; (ii) No amount/estimate: 20 July 2020, The government announced the exemption of COVID19 testing fees for the following categories of travellers: (a) undergraduate students and (b) referred patients and patient attendants approved by the referral committee.

Bhutan 05B 05B - Income support BTN/INR 30,000,000,000 403,680,518
Bhutan 05B1 05B1 - Tax and contribution deferrals and policy changes BTN/INR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Official Statement from the Office of the Prime Minister of Bhutan (PMO). https://bit.ly/2yrZXYx (accessed 13 April 2020); PMO. https://bit.ly/3b6ygCh (accessed 6 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); PMO. https://bit.ly/3efwMrR (accessed 18 June 2020); PMO. https://bit.ly/3ggtGo2 (accessed 1 July 2020); PMO. https://bit.ly/39oW0lW (accessed 20 July 2020).

No amount/estimate: April 2020: (i) Business income tax (BIT) and corporate income tax (CIT) filing and tax payment for the income year 2019 will be deferred until 30 June 2020. 26 June 2020, targeted tax deferments will be provided over the next six to 12 months; (ii) Deferred payment of sales tax and customs duty on essential items (March–June 2020); (iii) Waiver of payment of rent and other charges (April–June 2020) by tourism-related business entities leasing government properties.

Bhutan 05B2 05B2 - Tax and contribution rates reduction BTN/INR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Official Statement from the Office of the Prime Minister of Bhutan (PMO). https://bit.ly/2yrZXYx (accessed 13 April 2020).

No amount/estimate: 25 May 2020, The government will be refunding the 5% sales tax collected on telecom services collected on or after 16 January 2020.

Bhutan 05B3 05B3 - Subsidies to individuals and households BTN/INR
Bhutan 05B4 05B4 - Subsidies to businesses BTN/INR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); Official Statement from the Office of the Prime Minister of Bhutan (PMO). https://bit.ly/2yrZXYx (accessed 13 April 2020).

No amount/estimate: 26 June 2020, rental waivers will be provided over the next six to 12 months.

Bhutan 05B5 05B5 - Indirect income support BTN/INR
Bhutan 05B6 05B6 - No breakdown (income support) BTN/INR 30,000,000,000 403,680,518 Official Statement from the Office of the Prime Minister of Bhutan (PMO). https://bit.ly/2yrZXYx (accessed 13 April 2020); PMO. https://bit.ly/3b6ygCh (accessed 6 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); PMO. https://bit.ly/3efwMrR (accessed 18 June 2020); PMO. https://bit.ly/3ggtGo2 (accessed 1 July 2020); PMO. https://bit.ly/39oW0lW (accessed 20 July 2020).

April 2020, The National Resilience Fund has been approved and established. With a fund size amounting to about BTN30 billion, the resources will support the implementation of the following activities: (i) Grant of the Druk Gyalpo’s Relief Kidu to people who have been laid off or placed on reduced salaries to provide them immediate financial support. 30 April 2020, The Druk Gyalpo's Relief Kidu has granted BTN150 million as the first disbursement of the Relief Kidu to 13,006 people. On June 26, the government announced that the Druk Gyalpo Relief Kidu will continue from July to September 2020, however, with revision in amounts. The Relief Kidu has granted about BTN700 million between April and June 2020 to over 23,000 affected people ; (ii) Interest waiver (50% of cost) - effective May 1, the Royal Monetary Authority announced that the interest waiver would also be extended to non-performing loan accounts for a period of three months (April–June 2020). The government will finance 50% of the total interest payment and the financial institutions offered to support the other 50%. On 11 June 2020, The government handed over the e-fund payment to financial service providers for loan interest waiver for the month of April. The government is financing 50% of the interest waiver amounting to BTN625.96 million (Total amount of the interest waiver for April 2020 stands at BTN1.2 billion). 26 June 2020, The government announced to further extend interest waiver for another nine months for loans availed as of 10 April 2020. Full interest waiver will be granted from July to September 2020, followed by a partial interest waiver (50%) from October 2020 to March 2021. The cost of interest payment for the nine months is estimated at BTN7.5 billion and will be fully granted from the National Resilience Fund; (iii) Fast-track the implementation of the 12th Five Year Plan and wherever possible frontload the investments. 26 June 2020, In order to support front-loading of capital investments, procurement guidelines will be simplified including preferential treatment for local goods.

Bhutan 05C 05C - No breakdown (health and income support) BTN/INR
India 05 05 - Health and income support INR 14,449,657,303,053 194,434,838,251
India 05A 05A - Health support INR 302,000,000,000 4,063,717,216 Press Information Bureau. https://pib.gov.in/PressReleseDetail.aspx?PRID=1633516 (accessed 24 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 May 2020).

(i) Three measures have already been announced as direct support to income/revenue. The first, mainly devoted to health, totalled around INR150 billion. Prime Minister Modi announced that an additional INR150 billion will be devoted to health infrastructure, including for COVID-19 testing facilities, personal protective equipment, isolation beds, intensive care unit (ICU) beds, and ventilators; (ii) No amount/estimate: Reduction and/or eliminations of tariffs for imports of medical or surgical instruments and supplies along with exemptions fom "health cess"; (iii) 23 June 2020, Allocated from the Prime Minister CARES Trust fund INR2 billion for supply of 50000 ‘Made-in-India’ ventilators to government-run COVID19 hospitals.

India 05B 05B - Income support INR 8,252,598,040,000 111,047,101,769
India 05B1 05B1 - Tax and contribution deferrals and policy changes INR Press Information Bureau. https://pib.gov.in/PressReleasePage.aspx?PRID=1631127 (accessed 17 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 3 July 2020).

(i) No amount/estimate: Several measures to ease the tax compliance burden across a range of sectors have also been announced, including postponing some tax filing and other compliance deadlines.

India 05B2 05B2 - Tax and contribution rates reduction INR Press Information Bureau. https://pib.gov.in/PressReleasePage.aspx?PRID=1631127 (accessed 17 June 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 3 July 2020).

(ii) 12 June 2020, the GST Council provided waiver of late fees and interest as well as reduced the 18% per annum rate to 9% per annum for late furnishing of tax returns for small tax payers.

India 05B3 05B3 - Subsidies to individuals and households INR 3,326,809,020,000 44,765,599,635 Press Information Bureau. https://pib.gov.in/PressReleasePage.aspx?PRID=1625319 (accessed 21 May 2020); Financial Times. https://www.ft.com/content/5734f333-e4d7-4ebf-9de2-220e537da3f0?accessToken=zwAAAXIRWB3Ykc9XNPMz5NdOv9Od4iIOU32j8A.MEQCIE1obkN05q4qkjoiBgF6riG66o6ocs0SQWfl2AsFIikHAiADu_DmNRDP9bo3QfxgYpytmLV8FGnEHOa8g66dgBdahQ&sharetype=gift?token=4a849e3f-c1b7-487d-ba1d-e73f283cd8c8 (accessed 14 May 2020). India Economics Update, Capital Economics. IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 26 November 2020).

(i) 26 March 2020, Finance Minister Sitharaman announced a stimulus package valued at approximately 0.8% of GDP. The key elements of the package are (a) in-kind (food, cooking gas) and cash transfers to lower-income households; (b) insurance coverage for workers in the health-care sector; and (c) wage support to low-wage workers (in some cases for those still working, and in other cases by easing the criteria for receiving benefits in the event of job loss); (ii) Numerous state governments have also announced measures to support the health and well-being of lower-income households, primarily in the form of direct transfers (free food rations and cash transfers)-the magnitude of these measures varies by state, but on aggregate measures thus far amount to approximately 0.2% of India’s GDP; (iii) 17 May 2020, an additional INR400 billion was allocated to provide employment boost; (iv) No amount/estimate: 20 May 2020, approved the extension of Pradhan MantriVayaVandanaYojana, a social security scheme for senior citizens, for three additional years until March 2023; (v) 23 June 2020, a sum of INR1 billion has been allocated from the PM Cares Trust Fund for the welfare of migrant laborers; (vi) On 30 June 2020, Prime Minister Modi announced that the provision of food rations to vulnerable households would be extended through end-November (0.4 percent of GDP); (vii) 3 October 2020, The Indian Government will waive “interest on interest" charges for loans of up to INR20 million during its six-month repayment moratorium because of the pandemic. The Government will bear the burden of the money lost by banks because of the waiver, the finance ministry said in the affidavit; (viii) The State Bank of India, a public sector bank with the Government as its biggest shareholder, has announced an interest concession of 0.25% on home loans of above INR7.5 million.

India 05B4 05B4 - Subsidies to businesses INR 2,298,834,230,000 30,933,153,105 Financial Times. https://www.ft.com/content/5734f333-e4d7-4ebf-9de2-220e537da3f0?accessToken=zwAAAXIRWB3Ykc9XNPMz5NdOv9Od4iIOU32j8A.MEQCIE1obkN05q4qkjoiBgF6riG66o6ocs0SQWfl2AsFIikHAiADu_DmNRDP9bo3QfxgYpytmLV8FGnEHOa8g66dgBdahQ&sharetype=gift?token=4a849e3f-c1b7-487d-ba1d-e73f283cd8c8 (accessed 14 May 2020). India Economics Update, Capital Economics. IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 26 November 2020).

(i) The more recent measures that were announced in October and November include support schemes targeting certain sectors such as a Production Linked Incentive scheme targeting 13 priority sectors (0.8% of GDP over 5 years), a fertilizer subsidy allocation benefiting the agriculture sector (0.3% of GDP)

India 05B5 05B5 - Indirect income support INR 626,954,790,000 8,436,314,483 Financial Times. https://www.ft.com/content/5734f333-e4d7-4ebf-9de2-220e537da3f0?accessToken=zwAAAXIRWB3Ykc9XNPMz5NdOv9Od4iIOU32j8A.MEQCIE1obkN05q4qkjoiBgF6riG66o6ocs0SQWfl2AsFIikHAiADu_DmNRDP9bo3QfxgYpytmLV8FGnEHOa8g66dgBdahQ&sharetype=gift?token=4a849e3f-c1b7-487d-ba1d-e73f283cd8c8 (accessed 14 May 2020). India Economics Update, Capital Economics. IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 26 November 2020).

(i) The more recent measures that were announced in October and November include additional public investment (0.2% of GDP) and support for urban housing construction (0.1% of GDP).

India 05B6 05B6 - No breakdown (income support) INR 2,000,000,000,000 26,912,034,545 Financial Times. https://www.ft.com/content/5734f333-e4d7-4ebf-9de2-220e537da3f0?accessToken=zwAAAXIRWB3Ykc9XNPMz5NdOv9Od4iIOU32j8A.MEQCIE1obkN05q4qkjoiBgF6riG66o6ocs0SQWfl2AsFIikHAiADu_DmNRDP9bo3QfxgYpytmLV8FGnEHOa8g66dgBdahQ&sharetype=gift?token=4a849e3f-c1b7-487d-ba1d-e73f283cd8c8 (accessed 14 May 2020). India Economics Update, Capital Economics. IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 26 November 2020).

(i) Three measures have already been announced as direct support to income/revenue. The second, focusing on nonhealth initiatives, totalled around INR2 trillion. This is on top of the specific measures listed below.

India 05C 05C - No breakdown (health and income support) INR 5,895,059,263,053 79,324,019,266 ABC News. https://abcnews.go.com/International/wireStory/india-announces-35-billion-economic-stimulus-package-74165709 (accessed 19 November 2020). Financial Times. https://www.ft.com/content/5734f333-e4d7-4ebf-9de2-220e537da3f0?accessToken=zwAAAXIRWB3Ykc9XNPMz5NdOv9Od4iIOU32j8A.MEQCIE1obkN05q4qkjoiBgF6riG66o6ocs0SQWfl2AsFIikHAiADu_DmNRDP9bo3QfxgYpytmLV8FGnEHOa8g66dgBdahQ&sharetype=gift?token=4a849e3f-c1b7-487d-ba1d-e73f283cd8c8 (accessed 14 May 2020). India Economics Update, Capital Economics. IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 26 November 2020).

(i) Three measures have already been announced as direct support to income/revenue. The third, which was announced on 13 May 2020, represents USD112.5 billion in fiscal support was announced (which is reflected in 5C), which is part of the USD266 billion support package announced by Prime Minister Modi. Part of this will go towards new measures targeting businesses and expanding support for poor households; (ii) 23 June 2020, the Prime Minister CARES Trust Fund has allocated INR3 billion for both health and nonhealth initiatives; (iii) 12 November 2020, India’s finance minister announced a USD35.14 billion package to stimulate the economy by boosting jobs, consumer demand, manufacturing, agriculture and exports hit by the coronavirus pandemic.

Maldives 05 05 - Health and income support MVR 2,501,500,000 162,763,069
Maldives 05A 05A - Health support MVR
Maldives 05B 05B - Income support MVR 1,500,000 97,599
Maldives 05B1 05B1 - Tax and contribution deferrals and policy changes MVR
Maldives 05B2 05B2 - Tax and contribution rates reduction MVR
Maldives 05B3 05B3 - Subsidies to individuals and households MVR The Edition. https://edition.mv/business/18270 (4 August 2020). Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/discount-electricity-bills (accessed 28 August 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/financial-aid-students-abroad (accessed 28 August 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19/individuals/income-support-allowance (accessed 16 September 2020, 2 October 2020, 12 October 2020, 29 October 2020, 13 & 27 November 2020, 22 January 2021, 5 February 2021); The Edition. https://edition.mv/news/19615 (accessed 12 October 2020).

(i) As of May 2020, MVR48.2 million has been disbursed as the Government subsidized 40% of electricity utility bills of April and May 2020; (ii) As of May 2020, MVR10.2 million has been disbursed as the Government subsidized 30% of water utility bills of April and May 2020; (iii) No amount/estimate: 4 August 2020, the Ministry of Tourism reduced the fine imposed on late rent fees for tourist establishments from 0.5% to 0.0493%; (iv) No amount/estimate: Under the Financial Aid for Students Abroad under the Economic Recovery Plan, students would be paid for a maximum period of 2 months, in relation to the stipend rates set by the Ministry of Higher Education (MoHE). Eligible students will get a daily allowance corresponding to living allowance for their country of study, but will be capped at USD50 per day; (v) 7 October 2020, The government would extend the Income Support Allowance until the end of 2020. As of 28 January 2021, MVR264.6 million under the Income Support Allowance that is part of the Economic Recovery Plan had been disbursed [update].

Maldives 05B4 05B4 - Subsidies to businesses MVR 1,500,000 97,599 The Edition. https://edition.mv/news/20434 (accessed on 20 November 2020).

As of 17 November 2020, Ministry of Education extended aid of MVR1.5 million from the Zakat Fund to private-sector preschools and Qur’an classes in order to assist with the financial difficulties they are facing due to the ongoing COVID-19 pandemic. The ministry disbursed MVR1 million to 25 preschools while MVR500,000 was handed over to 23 Qur’an classes.

Maldives 05B5 05B5 - Indirect income support MVR
Maldives 05B6 05B6 - No breakdown (income support) MVR
Maldives 05C 05C - No breakdown (health and income support) MVR 2,500,000,000 162,665,470 Ministry of Finance. https://www.finance.gov.mv/media/news/mvr-25-million-economic-recovery-plan (accessed 13 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 13 April 2020); Ministry of Finance. https://www.finance.gov.mv/covid-19 (accessed 26 May 2020); The Edition. https://edition.mv/news/18141(accessed 31 July 2020); The Edition. https://edition.mv/news/18174 (accessed 31 July 2020); Ministry of Finance. https://www.finance.gov.mv/public/attachments/DGAClNfov9xk7kSiZjIiKPSCmDN5H4JI04n4MUQe.pdf (accessed 22 January 2021); Ministry of Finance. https://www.finance.gov.mv/public/attachments/Db28C3UpEU5elhb3SFD8hgP3cYiBbKe2Dn1nVlWL.pdf(accessed 5 February 2021).

20 March 2020, To minimize the economic impact of the COVID–19 virus, the authorities announced an Economic Recovery Plan of MVR2.5 billion: (i) reduce the recurrent expenditure by MVR1 billion; (ii) increase the amount of funds allocated for the health sector; (iii) subsidize 40% of electricity bills and 30% of water bills in April and May 2020; (iv) provide special allowance to those who lose their jobs due to COVID-19; (v) arrange working capital for businesses through banks; (vi) defer principal and interest amount of loan repayments to Bank of Maldives (BML) by businesses and people who have been negatively impacted of COVID-19. As of 28 January 2021, total spending toward COVID-19 health and social efforts that is part of the Economic Recovery Plan stood at MVR1,467.2 million [update].

Nepal 05 05 - Health and income support NPR
Nepal 05A 05A - Health support NPR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 26 November 2020); Ministry of Finance. https://mof.gov.np/en/archive-documents/budget-speech-17.html?lang= (accessed 6 July 2020).

No amount/estimate: (i) 30 March 2020, Health spending will be increased, including by providing additional insurance coverage to all medical personnel fighting the coronavirus, importing additional medical supplies (with duty on said items eliminated), and setting up quarantine centers and temporary hospitals; (ii) 28 May 2020, In the budget speech for fiscal year 2020/21, Finance Minister Khatiwada announced additional measures in the area of healthcare (the establishment of additional hospital facilities). The specific measures announced include (a) Testing facilities to be expanded in high risk zones; and additional quarantines with testing facilities to be established to allay public concern; (b) Healthcare and lab technicians will be eligible for encouragement allowance; and will be provided with personnel protective equipment; (c) Provision of free health insurance plan of up to NPR500,000 for all healthcare professionals combatting contagious diseases including novel coronavirus; (d) A 50% discount on annual fee applicable on a group corona insurance policy worth NPR100,000; (e) A 300-bed tropical disease hospital to be established in Kathmandu Valley in FY2021; (f) 250 ICU beds to be added in all government hospitals across Kathmandu valley and provincial capitals; (g) A 50-bed tropical disease hospital to be operationalized in all provincial capitals; (h) Capacity of National Public Health Laboratory to be enhanced to comply with international standards; modern health laboratories to be established in all provincial capitals; health desks equipped with requisite medical equipment to be established in all major international entry points; (i) Basic hospitals with 5-15 beds to be established in all local levels; 272 such hospitals to be established by FY2021.