Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Afghanistan 06 06 - Budget reallocation AFN IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#U (accessed 6 May 2020).

No amount/estimate: The government is working to identify nonessential spending that can be curtailed to create space for pandemic-related spending, including social relief package for the affected households and measures to prevent permanent damage to the Afghan economy.

Afghanistan 07 07 - Central bank financing government AFN
Afghanistan 07A 07A - Direct lending and reserve drawdown AFN
Afghanistan 07B 07B - Secondary purchase: government securities AFN
Arab Republic of Egypt 06 06 - Budget reallocation EGP
Arab Republic of Egypt 07 07 - Central bank financing government EGP
Arab Republic of Egypt 07A 07A - Direct lending and reserve drawdown EGP
Arab Republic of Egypt 07B 07B - Secondary purchase: government securities EGP
Argentina 06 06 - Budget reallocation ARS
Argentina 07 07 - Central bank financing government ARS
Argentina 07A 07A - Direct lending and reserve drawdown ARS
Argentina 07B 07B - Secondary purchase: government securities ARS
Armenia 06 06 - Budget reallocation AMD
Armenia 07 07 - Central bank financing government AMD
Armenia 07A 07A - Direct lending and reserve drawdown AMD
Armenia 07B 07B - Secondary purchase: government securities AMD
Australia 06 06 - Budget reallocation AUD
Australia 07 07 - Central bank financing government AUD 150,000,000,000 93,269,999,936
Australia 07A 07A - Direct lending and reserve drawdown AUD
Australia 07B 07B - Secondary purchase: government securities AUD 150,000,000,000 93,269,999,936 RBA. https://www.rba.gov.au/media-releases/2020/mr-20-13.html (accessed on 14 May 2020); RBA. https://www.rba.gov.au/covid-19/ (accessed 3 June 2020); RBA. https://www.rba.gov.au/media-releases/2020/mr-20-17.html (accessed 8 July 2020); RBA. https://www.rba.gov.au/media-releases/2020/mr-20-20.html (accessed 01 September 2020); RBA. https://www.rba.gov.au/media-releases/2020/mr-20-24.html (accessed 07 October 2020); RBA. https://www.rba.gov.au/speeches/2020/sp-gov-2020-11-03.html (accessed 04 November 2020); RBA. https://www.rba.gov.au/media-releases/2021/mr-21-01.html (accessed 3 February 2021).

(i) April 2020, The RBA has announced yield targeting on 3-year government bonds at 0.25% through purchases of government bonds in the secondary market. On 5 May 2020, RBA has purchased AUD50 billion of Australia Government securities (AGS) and semis in the secondary market. 5 May, 2 June, 7 July, 1 September, and 6 October 2020, the RBA announced that it will maintain the current policy setting. 3 November 2020, RBA announced that it will reduce the 3-year yield target rate from 0.25% to 0.10%. On 2 February 2021, the RBA announced that it will maintain the current policy setting at 0.10% [update]; (ii) 3 November 2020, The RBA announced that it intends to purchase AUD100 billion of government bonds issued by the Australian Government as well as by the states and territories when the current bond purchase program is completed in mid April 2021.

Austria 06 06 - Budget reallocation EUR
Austria 07 07 - Central bank financing government EUR
Austria 07A 07A - Direct lending and reserve drawdown EUR
Austria 07B 07B - Secondary purchase: government securities EUR
Azerbaijan 06 06 - Budget reallocation AZN Cabinet of Ministers. https://cabmin.gov.az/az/article/969/ (accessed 7 August 2020); (IMF). https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 August 2020).

No amount/estimate: (i) August 2020, A proposed bill to amend the state budget for 2020 is being discussed in Azerbaijan's National Assembly (Milli Majlis); (ii) 6 August 2020, The Parliament passed a revised 2020 budget which reflected a lower oil price (USD35 a barrel) and growth assumptions (-5 percent).

Azerbaijan 07 07 - Central bank financing government AZN
Azerbaijan 07A 07A - Direct lending and reserve drawdown AZN
Azerbaijan 07B 07B - Secondary purchase: government securities AZN
Bangladesh 06 06 - Budget reallocation BDT
Bangladesh 07 07 - Central bank financing government BDT IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).

No amount/estimate: The Bangladesh Bank has announced that it will buy treasury bonds and bills from banks.

Bangladesh 07A 07A - Direct lending and reserve drawdown BDT
Bangladesh 07B 07B - Secondary purchase: government securities BDT
Belgium 06 06 - Budget reallocation EUR
Belgium 07 07 - Central bank financing government EUR
Belgium 07A 07A - Direct lending and reserve drawdown EUR
Belgium 07B 07B - Secondary purchase: government securities EUR
Bhutan 06 06 - Budget reallocation BTN/INR 1,300,000,000 17,492,822 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020).

April 2020, A budget of BTN1.3 billion has been re-appropriated for health, essential food and fuel, quarantine and related initiatives.

Bhutan 07 07 - Central bank financing government BTN/INR
Bhutan 07A 07A - Direct lending and reserve drawdown BTN/INR
Bhutan 07B 07B - Secondary purchase: government securities BTN/INR
Brazil 06 06 - Budget reallocation BRL Reuters https://www.reuters.com/article/brazil-economy-spending/update-1-brazil-considering-legislation-for-special-spending-powers-in-emergency-source-idUSL1N2GY1AL (accessed 10 October 2020). https://economia.estadao.com.br/noticias/geral,renda-cidada-substituto-do-bolsa-familia-sera-pago-com-precatorios-e-dinheiro-do-fundeb,70003455291 (accessed 11 October 2020)

(i) No amount/estimate: 28 September 2020, Brazil's government proposed a new minimum income program called Renda Cidada to replace Bolsa Familia (the welfare programs of former President da Silva), which draws funds from the latter and from an education fund; the aim is for the program to begin on January 1, 2021; the intent is also to use parts of the budget earmarked for future debt payments; 7 October 2020, multiple potential sources of funds for Renda Cidada are being reported, but the government is said to be preparing to release details the week after local elections. First Renda Cidada payments are scheduled for 15 November 2020.

Brazil 07 07 - Central bank financing government BRL SPGlobal. https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/brazil-s-quantitative-easing-program-gets-approval-58531681 (accessed 30 May 2020).

7 May 2020, Brazil's Congress approved a constitutional amendment to enable BCB to implement quantitative easing program.