Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
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).

(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%; (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 over the next six months.

Australia 10 10 - No breakdown AUD
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
Austria 10 10 - No breakdown 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
Belgium 10 10 - No breakdown EUR
Canada 07 07 - Central bank financing government CAD 348,918,000,000 250,075,613,689
Canada 07A 07A - Direct lending and reserve drawdown CAD 115,008,000,000 82,428,238,667

BoC purchases of T-bills were in the primary market as they were auctioned; As of 6 January 2021, current T-bill holdings have increased by CAD27.694 billion since the end of February 2020, with the maximum increase occurring on 29 July 2020 at CAD115.008 billion. [update]

Canada 07B 07B - Secondary purchase: government securities CAD 233,910,000,000 167,647,375,022 Bank of Canada. https://www.bankofcanada.ca/rates/banking-and-financial-statistics/bank-of-canada-assets-and-liabilities-weekly-formerly-b2/ (accessed 10 June 2020).

(i) Government of Canada Bond Purchase Program (GBPP): Purchases will begin with a minimum of CAD5 billion per week across the yield curve. The program will be adjusted as conditions warrant but will continue until the economic recovery is well underway; on 28 October 2020, BoC announced purchases would gradually decline to CAD4 billion per week; As of 6 January 2021, the increase in government bonds owned by BoC has risen to CAD230.394 billion since the purchases in response to COVID-19 began, which is also the peak figure [update]; (ii) 3 June 2020, Bank of Canada began purchasing Government of Canada Real Return Bonds; as of 6 January 2021, the purchased amount is CAD3.516 billion, which is also the peak value (pre-COVID BoC did not hold government real return bonds). [update]

Canada 10 10 - No breakdown CAD
Denmark 07 07 - Central bank financing government DKK
Denmark 07A 07A - Direct lending and reserve drawdown DKK
Denmark 07B 07B - Secondary purchase: government securities DKK
Denmark 10 10 - No breakdown DKK
Finland 07 07 - Central bank financing government EUR
Finland 07A 07A - Direct lending and reserve drawdown EUR
Finland 07B 07B - Secondary purchase: government securities EUR
Finland 10 10 - No breakdown EUR
France 07 07 - Central bank financing government EUR
France 07A 07A - Direct lending and reserve drawdown EUR
France 07B 07B - Secondary purchase: government securities EUR
France 10 10 - No breakdown EUR 29,368,000,000 32,486,725,664 Economie. https://www.economie.gouv.fr/3-projet-loi-finances-rectificative-plfr-iii-2020# (accessed 30 June 2020). Economie. https://www.economie.gouv.fr/bruno-le-maire-presente-mesures-urgence-economiques# (accessed 7 November 2020).

(i) 6 June 2020, The government announced a strengthened support system for the sectors affected by the COVID-19 crisis including: EUR5.168 billion to support the aeronautic sector; EUR4.5 billion support for the resumption of activities of local authorities; EUR8 billion to support the automotive sector; construction companies subject to corporation tax will be able to request, from 2020, the immediate reimbursement of their stock of receivables to carry back their deficits, as well as receivables that would come to be recognized in 2020 due to the losses linked to this health crisis; EUR6.7 billion to support the tourism industry; (ii) October 30, EUR5 billion for government guaranteed loans and direct government loans.

Germany 07 07 - Central bank financing government EUR
Germany 07A 07A - Direct lending and reserve drawdown EUR
Germany 07B 07B - Secondary purchase: government securities EUR
Germany 10 10 - No breakdown EUR Federal Ministry of Finance. https://bit.ly/2YimTnV (accessedd 22 May 2020).

EUR67 billion, Proposed a Solidarity Pact for cities and municipalities suffering from significant reduced income due to the coronavirus. The solidarity pact has two elements: old debt relief and emergency aid to compensate for trade tax losses. The old debt relief would involve a one-off haircut worth a total of EUR45 billion. The emergency aid would entail the federal government and the states each assuming half the tax burden of the municipalities, and losses are currently estimated at EUR12 billion. The amount will be added to the package once approved.

Ireland 07 07 - Central bank financing government EUR
Ireland 07A 07A - Direct lending and reserve drawdown EUR
Ireland 07B 07B - Secondary purchase: government securities EUR
Ireland 10 10 - No breakdown EUR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 9 May 2020).

No amount/estimate: A three month commercial rates waiver for impacted businesses.

Italy 07 07 - Central bank financing government EUR
Italy 07A 07A - Direct lending and reserve drawdown EUR
Italy 07B 07B - Secondary purchase: government securities EUR
Italy 10 10 - No breakdown EUR 50,000,000,000 55,309,734,513 MEF. https://www.mef.gov.it/inevidenza/PNR-riforme-e-investimenti-per-il-rilancio-e-la-sostenibilita/ (accessed 16 July 2020); MEF. https://www.mef.gov.it/focus/Decreto-rilancio-le-misure-per-rimettere-in-moto-il-Paese/ (accessed 21 July 2020).

No amount/estimate: (i) 9 July 2020, The government announced the third phase of the Italian recovery plan, known as the "National Reform Program" (PNR). It outlines the Italian government's approach to stimulating economic growth, innovation, and environmental and social sustainability post-COVID-19. The PNR covers the years 2021-2023; (ii) 15 May 2020, EUR50 billion worth of measures (with no details) which is part of the Relaunch Decree. At the heart of the decree are the measures to support families and businesses, which not only reinforce and extend many of the Cura Italia measures, starting with the strong commitment to the health system, but also introduce new and important measures to get Italy back on its feet, keeping together economic recovery, social cohesion and security.

Japan 07 07 - Central bank financing government JPY
Japan 07A 07A - Direct lending and reserve drawdown JPY